Gold Price to Mirror June on Failure to Push Above 50-Day SMA
The price of gold may mirror the price action from June if it fails to push above the 50-Day SMA ($1793). Read More
AUD/USD Hits Post-Wedge Target. Bulls Eye Higher Ground Ahead of Central Bank Decision
AUD/USD rose to its post-wedge target overnight as the US Dollar weakened despite a drop in US equity indexes. The RBA and Nancy Pelosi’s Taiwan visit present risks to market sentiment. Read More
EUR/USD Eyes Former Support Zone After Staging Four Day Rally
EUR/USD may attempt to test the former support zone around the May low (1.0349) as it stages a four-day rally for the first time since March. Read More
S&P 500 and Nasdaq 100 Lose Momentum at the Start of August. Is the Rally Over?
The S&P 500 and Nasdaq decline modestly at the start of the new month, ending a three-day winning streak, but this may be a temporary respite ahead of the next leg higher. Read More
Japanese Yen Roars Back to Life – USDJPY, AUDJPY, EURJPY, GBPJPY
The Yen has come back to life as markets digest a recession fears and the FOMC reaching its “neutral range.” Read More
Gold Price Forecast: Gold Recovery Grows After Critical Support Test
Gold prices put in their biggest weekly gain in over a year last week, fresh on the heels of a critical test of support. Can Gold bulls continue to drive? Read More
Deutsche Börse’s Cash Markets Shrink Further by 17% to €120.2B in July
This article was written by Solomon Oladipupo at www.financemagnates.com. Read More
ISM Manufacturing Activity Cools, but Weakens Less than Expected, Prices Paid Collapse
U.S. manufacturing activity weakened less than expected in July, but continued to slow down, a sign that the economic outlook is not yet improving. Read More
DAX 40 Rallies as Poor German Data Fails to Dampen the Mood
The Index continued its rally higher from last week as global sentiment improved, while poor German data failed to quell the move higher. Read More
Blue Ocean ATS Integrates Broadridge’s Solution to Enhance After-Market Trading
Broadridge Financial Solutions (NYSE: BR) announced its partnership on Monday with Blue Ocean Technologies, which offers capital markets infrastructure for global after-hours trading. Under the partnership, Blue Ocean ATS is going to integrate Broadridge’s NYFIX order-routing network, thus offering clients after-markets access to US equities. It aims to better serve banks and broker-dealers in North America and APAC regions. “In […]