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Forex Today: US Dollar struggles to rebound as markets assess Fed announcements
Here is what you need to know on Thursday, May 2: The US Dollar (USD) suffered large losses against its major rivals in the late American session on Wednesday as the Federal Reserve's (Fed) statement language and Chairman Jerome Powell's comments turned out to be not as hawkish as feared. Final revi
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GX Uranium ETF (URA) Elliott Wave technical analysis [Video]
GX Uranium ETF (URA) Elliott Wave analysis Function - Counter trend. Mode - Corrective. Structure - Zigzag for 4. Impulse for (A). Position - Wave 4 of (A). Direction - Wave 5 of (A). Details - Price continues to circle the 30 major level. We can now consider the blue wave ‘4’ of the primary degree
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IMF chief warns of emerging market risk with high U.S. interest rates
Kristalina Georgieva, the managing director of the International Monetary Fund, played down the prospect of any negative impact from a monetary policy divergence between Europe and the U.S., but said issues could be more acute in emerging markets. The benchmark rates of most advanced economies soare
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Japanese Yen shows volatility amid speculation of intervention
The USD/JPY pair is hovering around 155.00 on Monday, having earlier touched a new 34-year peak at 160.00. Market rumours suggest that the Japanese authorities might have intervened in the currency market, although there has been no official confirmation. Today's market movement is particularly nota
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Pull-up Update