Expert Technical Fundamental Insights 14.11.2024

EURUSD Five consecutive days of negative closing, EURUSD fell further today to 1.0543, the lowest since October 2023 as USD index strength continued, DXY traded higher today at 106.72, the highest in a year. Macroeconomics from EZ remained weak, while the US inflation increased by 2.6 in October which means that the Fed is unlikely […]
Read More

Sterling Heads for Worst Weekly Performance since January

LONDON, Nov 15 Reuters The pound headed for its biggest weekly loss since January on Friday, under pressure from weak UK economic data and a surging dollar that is getting a lift from investors39; conviction that Donald Trump39;s policies will drive up U.S. growth and inflation. Britain39;s economy contracted unexpectedly in September and growth slowed to a […]
Read More

FTSE 100 Subdued as Pharma Stocks Weigh

FTSE 100 up 0.1, FTSE 250 flat Nov 15 Reuters The main UK stock indexes were subdued on Friday, with losses in AstraZeneca and GSK weighing on the bluechip FTSE 100, while data showed Britain39;s economy contracted unexpectedly in September. Shares of drugmakers AstraZeneca dropped 2.4 and GSK dipped 3.2, tracking losses in U.S. and European vaccine […]
Read More

Europes STOXX 600 Falls as Tech, Healthcare Shares Drag

Generali gains after ninemonth profit beat Evotec jumps on 2 bln euro buyout offer from Halozyme STOXX 600 down 0.5, set for fourth straight weekly fall Nov 15 Reuters Europe39;s STOXX 600 fell on Friday, dragged by technology and healthcare stocks, keeping the index on track for its fourth successive weekly drop. The panEuropean STOXX […]
Read More

Expert Technical Fundamental Insights 15.11.2024

EURUSD It was rough week for EUR bulls as EURUSD is still down by more than 1.6 in a week, trading slightly higher today at 1.0542. GDP in EZ grew by 0.4 in Q32024, matching expectations, while industrial production fell by 2 in September, worse than the estimates, and weaker than August that increased by […]
Read More