CAC 40 Forecast: Sideways Movement Continues
The trading session on Thursday has been a bit positive for indices around the world as we continue to see a lot of momentum thrown around the markets in various direction.
GBPUSD works down toward the 100 day MA and the 100 hour MA
The GBPUSD moved up to test the 200 hour MA (green line) at 1.29986. THe high price reached 1.29977, just below that level. The subsequent move to the downside has seen the price move lower and toward the 100-day MA and 100-hour MA. Both of those MAs come in at 1.29683. The dualing MAs increase […]
EURUSD moves back to the 100 hour MA after the push against the 200 hour MA stalled.
The EURUSD moved higher in the early US session and tested its 200-hour moving average currently at 1.08342. Although the price ticked above the MA line on a few hourly bars, the momentum stalled. The buyers turned to sellers, and the price has moved back to the 100-hour MA (blue line) at the 1.08056. The […]
AUDUSD trades below 50% midpoint, and around the 200 day MA
The AUDUSD moved lower earlier this week, and in the process fell below its 100-day moving average at 0.66952. A corrective bounce higher on Tuesday saw sellers lean against that level. Going forward, that level is a key resistance target. The subsequent fall midweek took the price below its 200-day moving average at 0.6628. It […]
NZDUSD trades above and below 0.6000
The NZDUSD has moved lower this week, and in the process moved below a swing area between 0.6031 and 0.60387. That swing area was retested yesterday on a corrective move higher and found willing sellers. On the downside, the low price reached earlier today stalled at 0.5986. That was just short of the high of […]
USDCAD buyers hold support. Tests the high for the week. Buyers in control.
The USDCAD continues to consolidate near highs in up and down trading: Key resistance: Key support: Targets on breaks: Buyers remain in control. The sellers tried to push lower after the Bank of Canada rate decision, but were not successful.This article was written by Greg Michalowski at www.forexlive.com.
Dollar Pulls Back with Market Caution Rising Before Critical US Events
The forex markets have shifted into consolidation mode today, with Dollar’s rally slowing as profit-taking sets in. Traders are showing caution ahead of two critical events that could reshape the near-term outlook: the upcoming non-farm payroll report next Friday, and the US presidential election the following week. NFP data is expected to set the stage […]
Oil Prices Surge Amid Heightened Supply Fears in the Middle East
Increased geopolitical tensions in the Middle East, coupled with strong fourth-quarter demand for distillates, are driving a notable rise in oil prices. The market remains on high alert as supply disruptions become a growing concern. As a result, oil prices climbed by 1%, partially reversing losses from earlier sessions. This surge reflects heightened uncertainty surrounding […]
Analysis-Heavy oil shortage spells higher cost for shippers, road builders
Mexican export cuts and a rerouting of Canadian output are shrinking already limited supplies of heavy crude in the Atlantic basin, driving up refiners’ costs with a likely knock-on effect to industries ranging from shipping and construction to Middle Eastern power plants. Prolonged OPEC supply cuts and international sanctions on Venezuela, Iran and Russia had […]
PM Financials Attended FOREX EXPO Dubai
We are thrilled to announce that we will be attending the Forex Expo in Dubai! 🎉 📅 Date: 07-08 Oct 2024 📍 Venue: World Trade Center Dubai Join us for an incredible opportunity to network, learn, and grow together in the world of Forex trading. Whether you’re an experienced trader or just starting out, this […]