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Financial Markets Report For Thursday, April 25
Video By:
Ira Epstein
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Thursday, April 25, 2024 8:50 PM EDT
In this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Thursday, April 25.
In this video: FXE, TSLA, DIA, FXB, FXY, IEF, IWM, OIL, SPY, UCO, UNG, USO, UUP, NDX, SPX, BITCOMP, MSFT, GOOGL
USD/CAD Extends Its Downside Below 1.3670, Investors Await US PCE Data
Article By:
Lallalit Srijandorn
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Thursday, April 25, 2024 8:30 PM EDT
The USD/CAD pair extends its downside near 1.3655 on Friday during the early Asian session. The decline of the US Dollar (USD) to the two-week lows around the mid-105.00s exerts some selling pressure on the pair.
EUR/USD Mired Near 1.0730 After Choppy Thursday Market Session
Article By:
Joshua Gibson
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Thursday, April 25, 2024 8:10 PM EDT
EUR/USD whipsawed somewhat on Thursday, and the pair is heading into Friday's early session near 1.0730 after a back-and-forth session and complicated US data that vexed rate cut hopes.
Gold Price’s Behavior Is… Normal
Article By:
Przemyslaw Radomski, CFA
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Thursday, April 25, 2024 1:07 PM EDT
Gold broke below its rising support line, and it’s now verifying this breakdown by moving back to this line and taking a breather in general. This is a completely normal post-breakdown phenomenon.
USD/JPY Analysis: Yen Slumps To 34-Year Low
Article By:
Mahmoud Abdallah
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Thursday, April 25, 2024 10:00 AM EDT
The Japanese yen witnessed further weakness against its counterpart, the US dollar, falling to its lowest level in over three decades.
GBP/USD Analysis: Focus Shifts Cautiously To US Data
Article By:
Mahmoud Abdallah
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Thursday, April 25, 2024 8:27 AM EDT
According to recent trading activity, GBP/USD has been on the rise, easing some recent selling pressure.
Daily Market Outlook - Thursday, April 25
Article By:
Patrick Munnelly
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Thursday, April 25, 2024 8:15 AM EDT
Asian stock markets are trading with mixed results on Thursday, following the uncertain signals from Wall Street overnight as META earnings failed to impress afterhours causing a late selloff.
Elliott Wave Technical Analysis: British Pound/U.S. Dollar
Article By:
Peter Mathers
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Thursday, April 25, 2024 8:02 AM EDT
The GBP/USD Elliott Wave Analysis describes a counter-trend movement with an impulsive mode, focusing on red wave 3 within blue wave A.
Japanese FX Intervention: Primed And Ready
Article By:
ING Economics
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Thursday, April 25, 2024 7:51 AM EDT
With USD/JPY trading above 155, markets are now on high alert for BoJ FX intervention.
Japanese Yen Hits All-Time Low As BoJ Meeting Commences
Article By:
Andrey Goilov
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Thursday, April 25, 2024 6:15 AM EDT
The USD/JPY pair reached an all-time high on Thursday, touching the 155.50 level.
Two Trades To Watch: EUR/USD, FTSE Forecast
Article By:
Fiona Cincotta
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Thursday, April 25, 2024 5:45 AM EDT
EUR/USD rises after German consumer confidence & ahead of US GDP data.
AUD/USD Forex Signal: More Upside Ahead Of US PCE Data
Article By:
Crispus Nyaga
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Thursday, April 25, 2024 4:33 AM EDT
The AUD/USD pair retreated slightly as traders refocused on the upcoming US GDP and PCE economic numbers.
EUR/JPY Price Analysis: Extends Its Upside Above 166.50 Amid The Overbought Condition
Article By:
Lallalit Srijandorn
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Thursday, April 25, 2024 3:55 AM EDT
EUR/JPY gains traction near 166.85 on Thursday, the highest level since 2008.