Overall, selling pressure reminds us that this exchange rate is in a technical downtrend, and any strength should be considered short-term. US dollar buyers should be ready to jump on these comfortable highs. Overall, we note that the EUR/USD price broke below
Entertainment
The value of modeling recession risk based multiple indicators is a hardy perennial. The latest example comes by way of aggregating trends in the 50 US state economies for estimating the odds that a NBER-defined downturn has started or is imminent. As recently
GBP/JPY is a market that is getting out of control and volatility is probably going to continue to pick up. But at this point in time, the trend is still very positive. And that’s something that you’re going to have to be cognizant
Nasdaq Higher Ahead of Next Tech EarningsThe Nasdaq continues its attempted recovery this week with price testing back above the 17693.37 level, having bounced off support at the 16982.40 level. The index has suffered in recent weeks as a hawkish
Today, on April 30th, fast food giant McDonald’s Corporation (NYSE: MCD) reported its Q1 2024 financial results before US markets opened.Global comparable sales were up marginally, at a disappointing 2% higher.Compare this to Q1 of 2023, which showed a 12.6% growth in the same
The probability the U.S. economy will see a recession begin sometime in the next twelve months has started to fall again during the past six weeks. after having hit a double-top.Since our previous update, the probability has dropped from over 76% to
ASX: REA GROUP LTD – REA Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart)Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with REA GROUP LTD – REA. We identified that wave 2-red may have just ended, and wave 3-red could
On Monday, the Dow Jones (US30) rose by 0.38%, while the S&P 500 (US500) Index gained 0.32%. The NASDAQ Technology Index (US100) closed positive 0.35%. Meanwhile, the S&P 500 (US500) and NASDAQ (US100) 100 indices hit 2-week highs. Optimism over first-quarter earnings, positive corporate news, and lower bond yields contribute to the
Image Source: DepositPhotosConsumer price inflation in France stood at 2.2% in April compared with 2.3% in March, while the harmonised index remained stable at 2.4%. We think inflation could rise again in the coming months. Disinflation easesConsumer price inflation in France stood
USD/CAD consolidates within the ascending channel on the daily chart, with the 14-day Relative Strength Index (RSI) positioned above 50, indicating a recovery of bullish sentiment. The pair edges higher to near 1.3700 during the European session on Tuesday.Moreover, the Moving Average
