Image Source: Unsplash The EURUSD currency pair has made a significant breakthrough, surpassing the resistance level at 1.0965. This breakout suggests that the previous downward movement from 1.1139 has concluded at 1.0893.The recent price action indicates a potential upward trend in
January 4, 2024
Shares of key Apple suppliers TSMC and Foxconn are in the red following an abrupt dip in Apple’s stock.Apple’s shares (AAPL) have fallen over 4.2% since the start of 2024 after recent analyst downgrades. The company has found itself in a
Image source: Pixabay 2024 is upon us.By the time this hits your inbox, the ball will have fallen, “Auld Lang Syne” will have been packed away for another 364 days, and my dogs will almost have recovered from the sedative we
If interest rates continue to decline, it will likely boost the appeal of cryptocurrencies, given their higher risk profile compared to most other assets. Ethereum encountered some turbulence earlier today, dropping below the $2,100 mark, only to swiftly rebound and
Image Source: Pixabay The US spends a much higher share of its GDP on healthcare than other advanced economies. But is that higher spending due to higher prices for delivery of healthcare services or to a greater quantity of healthcare being
The USD/CAD pair falls sharply after failing to extend upside above 1.3370. The Loonie asset has dropped to near 1.3320 as the US Dollar Index (DXY) has corrected after the release of the Federal Open Market Committee (FOMC) minutes strengthened prospects
Image source: Pixabay In our Fed Minutes preview, we warned the tone could be less dovish. Indeed, this was the case, with the Minutes highlighting concern about loose financial conditions, while also producing warnings from some members that policy could stay
The GBP/USD pair wavered after testing the lower side of the ascending channel. Bullish view Buy the GBP/USD pair and set a take-profit at 1.2750. Add a stop-loss at 1.2600. Timeline: 1-2 days. Bearish view Set a sell-stop at 1.2650 and
Image Source: Pexels The level of hiring in the US has collapsed in a way we haven’t seen since 2008 and 2009 (outside the pandemic lockdowns). JOLTS survey results show the largest 6-month decline in hiring of any same-sized period over
Image Source: DepositPhotos On Thursday, European shares experienced slight gains, driven by a flurry of economic data and the release of the December Federal Reserve meeting minutes. Key highlights from the European market include: France’s CPI Report: The Consumer Price Index (CPI)
