JP Morgan Chase & Co. saw its stock slump after warning on interest income. JPM – Daily Chart JPM stock saw its largest one-day drop since 2020 and with the uptrend channel in place it could be an important high. Support is below at the $191.03 level. President and COO of the bank Daniel Pinto…
The price of gold is consolidating near the recent all-time highs and awaits a catalyst. XAUUSD – Daily Chart The price of gold is still consolidating above an uptrend resistance line and is caught in a range between $2,258 and $2,477. Gold has been rallying recently on slower inflation and the expectation for a Federal…
Key US Core CPI data came in slightly above expectations yesterday pushing expectations for a Fed cut of 50 basis points off the table. Stocks initially dipped but recovered strongly in afternoon trading. Both the dollar and treasury yields remained steady, pushing slightly higher on the day and Oil pulled back off recent lows, whilst…
The price of Nvidia has bounced from recent lows but still has some risk. NVDA – Daily Chart The price of NVDA has bounced to $108.84 but may not have found a low yet. That will depend on upcoming news and quarterly earnings into the year-end. Nvidia is down from it’s all-time highs, but the…
US election polls and inflation data are among the factors driving the stock market. SP 500 – Daily Chart The S&P 500 was able to bounce over the last two days but there is a risk of returning to the Monday lows. The August lows would be a target of further correction. Kamala Harris was…
Table of contents: What is Forex Trading Best 10 Forex Trading Strategies How to Choose The Best Forex Trading Strategy That Suits You Why Choose ATFX How to Open a Live Trading Account & Start Trading with ATFX Introduction to Forex Trading Forex trading, or FX trading, is the buying and selling of currencies…
Table of contents: What is Forex Trading What is Buy and Sell in Forex Trading How to Buy and Sell in Forex Trading When to Buy and Sell in Forex Trading Top 3 Most Traded Currency Pairs Buy and Sell in Forex Trading Summarized Buy and Sell Forex with ATFX Overview of Forex Trading…
US Stock markets experienced a mixed day ahead of the twin key events of CPI and the first presidential debate between Kamala Harris and Donald Trump. The Nasdaq and S&P gained ground whilst the Dow fell off, whilst yields and the dollar trod water near recent levels. Demand concerns continued to weigh on Oil with…
The euro slipped below the 1.1100 level against the dollar on Monday as growing expectations of a European Central Bank (ECB) interest rate cut weighed on the currency. The EUR/USD pair fell 0.44%, ending the day at 1.1036, as investors increasingly expect the ECB to lower rates by 25 basis points at its September 12 meeting. The…
Oil prices remained steady in early trading Tuesday, with supply disruptions from Tropical Storm Francine balancing concerns over faltering Chinese demand. Brent crude rose 0.22% to $72.00 a barrel, while West Texas Intermediate gained 0.17% to $68.83. Both benchmarks saw gains of around 1% in the previous session. The US Coast Guard shut down operations at…
