Analyst
CURRENCY- EURUSD, GBPJPY
Today, as at the time of this post, EUR/USD exchange rate is trading around 1.03998 USD, having increased by 0.03% over the past 24 hours. However, it continues to struggle to break above the 1.0400 level, particularly ahead of upcoming UoM Consumer Sentiment data which may impact market sentiment.
The GBPJPY has increased by 1.64% in the past 24 hours. There is no major fundamental news regarding this pair, but it is experiencing a rally, with the intraday bias remaining on the upside as it approaches the resistance level of 199.79. This follows a corrective pattern that began from around the 180.00 mark.
INDICES- DE40, US100
The DE40 is falling due to a continuation of negative market sentiment, which has seen indices like the FTSE 100 and CAC 40, US30, US500 also decline. Recent trading data indicates that several constituent stocks of the DE40 have experienced significant price drops, contributing to the overall decrease in the index. Additionally, broader market trends and economic indicators may be influencing investor confidence, leading to a sell-off.
US100 is also affected by circumstances similar to that affecting DE40, and primarily due to declines in tech stocks, which have been impacted by recent inflation data. Economic reports have contributed to a broader downturn in U.S. stock markets, with the US100 down more than 2% this week.
COMMODITY- GOLD
Gold extends losses earlier this week amid strengthening yields, and USD. Also please note that the ongoing hawkish repricing of US rates after Trump's emphatic victory is overshadwing the key interest rate cut descision of the FEDs, which is keeping US dollar and yields underpinned, and buck-denominated gold undermined. A fresh bout of a short-covering could lift the XAU/USD towards the $2,635 area, or the 38.2% Fibo., en route to 50% retracement level, around the $2,655-2,656 supply zone.
When I joined the Rally family, I had zero knowledge about forex. I attended their seminars and lectures and it was a thorough and quality experience. Talking about my success in forex , it’s a steady process , I’ve enjoyed lots of profits and a few losses. I’m grateful for the rally trade foundation I have, I look to grow from under the wings of Rally.
Kobi
I was told I could make money in my comfort zone, then I thought; “this could actually happen in my dreams”. But guess what, I made money and I’m still making money in my comfort zone with RALLY TRADE. To my account manager OLUWASEUN: thank you for keeping to your words and for being nice at the same time, thank you for having my back, you’re the best.To RALLYTRADE: thank you for this opportunity and for letting me know I could do more and better with myself..
Ebere Uzodinma
I am so much impressed not by anybody's action or motivation to pronounce my encounter with rally trade company. I would love to say this company has done so much in my life; personally. I listen to a radio station programme about a seminar/training on how to trade forex, I planned to attend though I don't believe it will work for me. After the training I got a call from one of Rally trade staff, in person of Tamuno who done so much to convince me to go in for the trade. This young girl have been so impacting since I stated the trade and she has never for once ignore my request for support and advice; I so much appreciate you...
Oluwatuyi Timileyin Samuel
THANK YOU, THANK YOU, THANK YOU Rally trade team for the excellent work you are doing. I recommend rally trade for anyone who want to profitably trade Forex on a consistent basis.
Oluwaseun Kayode
I have been with rally trade broker for one year now, they are reliable broker and they have excellent performance in term of training, customer service and prompt payment of profit withdrawal. Morealso, i am also beneficiary of one of their partner program (introducing broker) which I have been receiving payment for monthly commission on it. I recommend Rally trade to d prospective individual and company that intend to trade in forex . Thanks to Rally Trade
Adefuwa Ayodele