Week Ahead: FOMC and Jobs Data in Sight
- Fundamental Analysis, Recent Posts, Trending Now
- April 27, 2024
OPENING CALL: The Australian share market is expected to open higher. The SPI200 futures contract is expected to open down 3 points.
READ MORECharts: Trading View (Italics: Previous Analysis) EUR/USD: Following a dismal week of trading for Europe’s common currency (down 2.4 per cent), EUR/USD eked out modest losses on Monday. Over the course of last week, the currency pair navigated through the pandemic low of $1.0638 (March 2020) to a multi-year low of $1.0471. In light of
READ MOREOPENING CALL: The Australian share market is expected to open higher. The SPI200 futures contract is expected to open down 3 points.
READ MOREXJO WEEKLY: Last week’s low saw the retest of the 6890 completed, with a high close in the range.
READ MORECharts: Trading View (Italics: Previous Analysis) US Dollar Index (Daily Timeframe): Unpacking a fourth consecutive week in positive territory, the US Dollar Index (USDX) added 5.0 percent in the month of April, its largest monthly gain since early 2015. The impressive run also elevated the buck to a high of 103.93 last week, levels not
READ MOREOPENING CALL: The Australian share market is expected to open higher. The SPI200 futures contract is expected to open down 3 points.
READ MORECharts: Trading View (Italics: Previous Analysis) EUR/USD: Despite the US economy shrinking at an annual rate of 1.4 per cent in the first quarter of 2022, Europe’s common currency remained on the ropes against its US counterpart on Thursday. Pencilling in a sixth successive bearish session, EUR/USD has erased 2.6 per cent, week to date.
READ MORECharts: Trading View (Italics: Previous Analysis) EUR/USD: Measuring the value of the US dollar against a basket of six international currencies, the US Dollar Index (USDX) touched a high of 103.28 on Wednesday, its highest top since early 2017. USD upside has left a considerable dent in Europe’s shared currency; week to date, EUR/USD is
READ MOREOPENING CALL: The Australian share market is expected to open higher. The SPI200 futures contract is expected to open down 3 points.
READ MORECharts: Trading View (Italics: Previous Analysis) EUR/USD: Europe’s single currency maintained a bearish narrative against its US counterpart on Tuesday, falling around 0.5 per cent heading into the European close. Week to date, EUR/USD is lower by 1.2 per cent and on the brink of submerging Quasimodo support at $1.0778 and channel support on the
READ MOREReading time: 7 minutes The Foreign Exchange Market (or ‘’Forex market’’) is the largest trading market globally with many countries permitting currency trading. However, some countries refuse the transactions of trading foreign currencies. These countries either have implemented rules that restrict trading currencies or have banned them outright. The good news is Australia is not
READ MOREAltcoins, an abbreviation for ‘alternative coin’, refers to alternative cryptocurrencies to Bitcoin, which makes up a large portion of the total crypto market value. Bitcoin was the first cryptocurrency to launch; however, many open-source virtual currencies are now available. Why altcoins over Bitcoin? Bitcoin (BTC) is the first and most popular blockchain network; however, this
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