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Sunset Market Analysis: Latest Updates and Insights for Forex Traders
Oil markets experienced significant volatility today, with Brent prices initially rising by 3.5% before settling at a 2.7% increase. This surge was in response to Iran's missile attack on Israel, which led to fears...
NZDUSD Trades Towards Yesterday’s Low: Sellers in Action
The NZDUSD currency pair is currently on a downward trend, reaching new lows for the day and retesting the previous day's low around 0.6263. This level is below the 38.2% retracement of September's trading...
EUR/USD Update: Euro Vulnerable on Rate Cut Bets and Safe Haven Flows
The Euro's attractiveness has decreased recently due to expectations of rate cuts by the European Central Bank (ECB). This is influenced by weaker economic data and comments from policymakers indicating a dovish stance. The...
Understanding the Federal Reserve Interest Rate Cut and Rising Treasury Yields
The Federal Reserve Interest Rate Cut and Rising Treasury Yields: What You Need to KnowAs construction work continues around the Federal Reserve building in Washington, DC, the financial world is abuzz with discussions about...
EURUSD Price Approaches Resistance Level in Forex Trading
EURUSD Price Approaches Resistance Level in Forex TradingThe EURUSD pair experienced a day of volatile price action, with fluctuations that kept traders on their toes. The price moved above and below the 100/200 hour...
EUR/USD Forecast: Mid-Day Analysis and Updates – Action Forex
EUR/USD Forecast: Mid-Day Analysis and Updates - Action ForexThe EUR/USD pair continues to trade with a neutral bias for consolidations below the key resistance level of 1.1213. The intraday bias remains uncertain as the...
Fed credibility at stake: David Tepper urges for two to three more rate cuts
Doubts Surrounding Fed's Credibility
David Tepper, the founder and president of Appaloosa Management, recently voiced concerns about the credibility of the Federal Reserve and urged for two to three more rate cuts. Tepper emphasized the...
US Pending Home Sales for August Fall Short of Expectations
US Pending Home Sales for August Fall Short of ExpectationsThe latest data on pending home sales in the United States for August has shown a slight increase of 0.6%, falling short of the 1.0%...
Sunset Market Analysis: Actionable Insights on Forex Trends
Sunset Market Analysis: Key Insights on Forex TrendsAs the sun sets on the trading day, the global markets have been buzzing with activity, driven by a range of economic developments and policy decisions. From...
Chip Stocks Surge on Micron’s 15% Rally; ASML Gains 4%
Chip Stocks Soar as Micron Leads the Way
Global chip stocks surged on Thursday as Micron, a leading memory semiconductor maker, exceeded revenue expectations and saw its share price jump by 15%. This rally in...