GER30 Not Helped By Economic Data
News of agreement for a three-party coalition on Wednesday, provided support to the German Index, but today’s economic data are not helpful
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News of agreement for a three-party coalition on Wednesday, provided support to the German Index, but today’s economic data are not helpful
The Chinese firm reported its latest quarterly earnings on Tuesday, after the Hong Kong stock market closed, with the results disappointing investors and pushing the stock lower today
Weekly Chart Past Performance: Past Performance is not an indicator of future results. The chart above is FXCM's proxy for Brent, UKOil, on a weekly scale. From the mid-August low to the mid-October high, UKOil appreciated around 32%. We have used this impulse move for our reference trough (T) and reference peak (P). Since reaching P, UKOil has retraced to the 38.2% Fibonacci level (black horizontal). This level is currently…
The Reserve Bank of New Zealand (RBNZ) hiked rates for a second time in a row, bringing them to 0.75%, but the pair reacted lower, as the move was largely expected
The Chinese electric vehicle maker released solid financial results for the third quarter, earlier today, with the stock rallying at the beginning of trading in the US
The US President announced that the Department of Energy will make available 50 million barrels of oil from the Strategic Petroleum Reserve (SPR)
Zoom announced its financial results for the third quarter of Fiscal Year 2022 on Monday November 22, after US markets had closed
The German index sheds around 1% and runs its fourth straight losing day, breaching key technical levels, amidst poor investor sentiment
The pair runs the fifth straight profitable week, after yesterday boost from Mr Powell’s re-nomination, while on a monthly level, November is on track to become the best of the year
The pair did not avert fresh 2021 lows today, after yesterday’s drop from Mr Powell re-nomination US Dollar boost, but finds support as European trader enter.
US President Biden announced his intent to nominate Mr. Jerome Powell for a second term as Chair of the Board of Governors of the Federal Reserve System
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