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Month: December 2023

Cryptocurrencies

Mortgage rates tumble as bond markets see lower Fed rates by early spring

U.S. mortgage rates extended their recent declines last week, falling to the lowest levels since August, as a big rally in U.S. Treasury bond yields looks set to provide a much-needed boost to home affordability. Read more…

By , 2 years ago December 6, 2023
Cryptocurrencies

Nvidia higher as CEO is working with U.S. to meet China AI-export rules

Updated at 7:33 AM EST Nvidia  (NVDA) – Get Free Report shares moved higher in early Wednesday trading after CEO Jensen Huang said the chipmaker was working with U.S. officials and market participants to produce AI-related Read more…

By , 2 years ago December 6, 2023
Cryptocurrencies

NIKKEI Futures (NKD_F) Found Buyers At The Blue Box

Hello fellow traders. In this technical article we’re going to take a look at the Elliott Wave charts charts of NIKKEI Futures published in members area of the website. As our members know NIKKEI Futures Read more…

By , 2 years ago December 6, 2023
Cryptocurrencies

Stock Market Today: Stocks higher on soft-landing bets and Treasury bond rally

Check back for live updates throughout the trading day. U.S. equity futures bumped higher Wednesday, building on yesterday’s  sharp pullback in Treasury yields, as investors continue to bet that the Federal Reserve will be able Read more…

By , 2 years ago December 6, 2023
Cryptocurrencies

BoE’s Bailey: Rates to stay high for an extended period

BoE Governor Andrew Bailey, in a press conference today, stated that “rates are likely to need to remain at these levels for an extended period to bring inflation back to target on a sustained basis,” Read more…

By , 2 years ago December 6, 2023
Cryptocurrencies

GBP/USD: Cable – Limited Correction Likely to Precede Fresh Rise, US Labor Data in Focus

Cable is holding within a tight range on Wednesday morning, as two-day pullback found a footstep on broken Fibo support at 1.2585, though stronger dollar and weaker than expected UK data continue to sour the Read more…

By , 2 years ago December 6, 2023
Cryptocurrencies

EUR/GBP: Hits New Multi-Month Low, But Oversold Studies Continue to Obstruct Bears

EURGBP fell to three-month low early Wednesday, attempting to resume larger downtrend, after a brief consolidation in past two days. Larger bears regained traction following a double rejection of recovery attempts and received fresh boost Read more…

By , 2 years ago December 6, 2023
Cryptocurrencies

Eurozone retail sales rises 0.1% mom in Oct, EU up 0.3% mom

Eurozone retail sales volume rose 0.1% mom in October, below expectation of 0.2% mom. Volume of retail trade increased by 0.8% mom for non-food products, while it decreased by -0.8% mom for automotive fuels and Read more…

By , 2 years ago December 6, 2023
Cryptocurrencies

GBPUSD Ends 2023 in Bullish Area

GBPUSD finds strong resistance near 200-week EMA Technical signals are negative Will 2024 be a negative year for the pair? With the year 2023 drawing to a close, GBPUSD could not carry the impressive rally of the Read more…

By , 2 years ago December 6, 2023
Cryptocurrencies

USDCAD Slows Down Before BoC Rate Decision

USDCAD halts near last week’s limits Bias remains skewed to the downside BoC policy announcement awaited USDCAD opened with mild losses on Wednesday after Tuesday’s remarkable rally stalled near last week’s resistance of 1.3593. Traders Read more…

By , 2 years ago December 6, 2023

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