Monthly Archives: December 2024
41654156156Reverse Hammer Candlestick: A Key Reversal Signal in Trading
Written on December 18, 2024 at 5:54 am, by seoagencyteam
An Inverted Hammer candlestick is one of the most famous charting tools in technical analysis. It is used to identify a potential reversal pattern from bearish to bullish. This trend may occur after a downtrend or a corrective phase within an uptrend, which suggests that selling pressure may slowly decrease and a shift towards upwardContinue Reading
All Eye on Today’s FOMC Interest Rate Decisio
Written on December 18, 2024 at 5:33 am, by pumarketings
Market Summary Ahead of the Fed’s interest rate decision today, the U.S. dollar maintained its recent high levels, while Wall Street faced downside risk. This market sentiment was largely driven by the U.S. retail sales data, which came in higher-than-expected and reinforced hawkish expectations for the Fed’s upcoming decision. Among the major currencies, the PoundContinue Reading
NZD/USD Slips Amid Upbeat U.S Retail Sales.
Written on December 18, 2024 at 2:04 am, by pumarketings
Fundamental Analysis * Retail Resurgence: The New Zealand Kiwi remains under pressure against the U.S. dollar as stronger-than-expected U.S. Retail Sales data lend support to the greenback. According to the U.S. Census Bureau, Retail Sales in the U.S. rose 0.7% MoM in November, exceeding the market forecast of 0.5% and up from a revised 0.4%Continue Reading
