Investment Portfolio

Gain: 

Pulse Wallet

Gain: 

REA Learn Copy

Gain: 

Quick Tools:

Forex Today: US Stocks Hit New Highs

Forex Today: US Stocks Hit New Highs

Positive results from banks and speculation on AI advances lift major US stock indexes to new long-term high prices.

➡️ US stock markets rose sharply yesterday, amid a strong bullish trend that saw prices advance to new 1-year highs in the NASDAQ 100 Index and S&P 500 Index. Yesterday's rise appears to be fueled by a good set of banking results, which extended the rally. Trend traders will be attracted to being Long these indices now.

➡️ In the Forex market, the Japanese yen weakened as the governor of the Bank of Japan stated that monetary easing will continue, pushing the USD/JPY currency pair up to 139.41 yen. EUR/USD hit another 15-month high yesterday above $1.1270, but made a bearish retracement. The Asian session saw the strongest major currency as the US dollar while the yen was the weakest.

➡️ Yesterday there was a release of Canadian CPI (inflation) data which came in weaker than expected, with a month-over-month increase of only 0.1%, lower than the 0.3% expected. However, other inflation metrics were higher than expected.

➡️ Yesterday there was a release of US retail sales data which came in lower than expected, with a month-over-month increase of only 0.2% when 0.5% was expected. This could strengthen the case for a smaller rate hike by the Fed in the near future.

➡️ Yesterday there was a release of New Zealand's CPI (inflation) data, which was higher than expected, showing a quarterly increase of 1.1% when only 0.9% was expected. However, the Kiwi weakened against the US dollar.

➡️ Today there will be a release of the UK CPI (inflation) data, which is expected to show a drop in the annualized rate from 8.7% to 8.2%.

 

Credit by DailyForex.com

en_USEN

Investment Portfolio

Copy strategies

Find out how our strategies copy works. You can copy our strategies without costs and without risk with a demo account, and with a real account in exchange for a profit-share.

REA TradeKit

Access Advanced Tools and Strategies.

14 day money back guarantee.

Free Resources

Mentoring 1 to 1

Reavolution's 1-to-1 mentorships allow you to learn our strategies directly from our trainers.

Main Categories

Forex Calculators

Commercial Lotto Calculator

Leverage and Margin Calculator

Drawdown Calculator

Compound Interest Calculator

Pips Value Calculator in Euros

Economic Calendar