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Weekly S&P500 Technical Analysis | Forexlive

The market continues to hold positive sentiment as the latest economic data is interpreted as good news Alleviating the strength and price pressures in the labor market. Fed Chairman Powell did not touch on monetary policy or the latest data set, allaying fears for the market and giving him more confidence to continue the rally. … Read more

Germany and the Netherlands propose an EU-wide plan to cap gas prices Forexlive

Germany and the Netherlands have proposed 10 measures the EU could use to cap gas prices and eliminate fuel rationing, including a new price adjustment for liquefied natural gas. The plan, seen by Reuters and shared with other EU countries before the bloc’s energy ministers met on Wednesday, calls for the EU to begin buying … Read more

Eurozone retail sales YoY: -2% (forecast -1.7%, previous -0.9%) | Forexlive

Eurozone retail sales fell in August, data showed on Thursday, pointing to weakness in consumer demand and a looming recession. Eurozone retail sales YoY: -2% (forecast -1.7%, previous -0.9%) The European Union’s statistics office, Eurostat, said that retail sales in the 19 countries that share the euro fell by 0.3 percent in the month, down … Read more

It is reported that the Chinese government has seen banks selling dollars in the offshore market Forexlive

High risk warning; Forex trading carries significant risks that may not be suitable for all investors. Use creates additional risk and loss exposure. Carefully consider your investment objectives, experience level and risk tolerance before deciding to trade forex. You may lose some or all of your initial investment; Don’t invest money you can’t afford to … Read more

As the AUD / USD continues to depreciate, last week’s low prices are threatening. Forexlive

Sellers are keeping a close eye on the recent 100-hour moving average near 0.6920. We are now seeing the price fall to a new low of 0.6875, which closed at around 0.6869-75 last week. The break below will bring the key support level to a two-day low of around 0.6850 in May. There is little … Read more

UK May Construction PMI 56.4 vs 56.6 Expected | Forexlive

For the past two years, the weakest housing project has been a smooth read since January, when construction was halted last month. Companies have been warned that rising borrowing costs and severe economic instability could be a major wind for customers in the next 12 months. S&P Global observed: “The resilience of the business and … Read more

Forexlive Americas FX News Summary US stocks recover but fall for seventh straight week | Forexlive

Markets Market- Gold from $ 3 to $ 1844 U.S. 10-year production fell from 7 bps to 2.79% WTI crude oil rose from $ 95-cent to $ 110.83. S&P 500 up 0.1% Nasdaq -0.3% NZD leads, Euro delayed. The S&P 500 weekly fall was the seventh in a row, the longest since 2001. The most … Read more