Sage Investment Club

EURUSD falls to the 38.2% retracement of the 2023 trading range

EURUSD corrects to the 38.2% of the move up in 2023 The EURUSD EUR/USD The EUR/USD is the currency pair encompassing the European Union’s single currency, the euro (symbol €, code EUR), and the dollar of the United States (symbol $, code USD). The pair’s rate indicates how many euros are needed in order to […]

AUDUSD falls to 2- week low and below 50% of 2023 range but rebounds

AUDUSD moves back to swing area The AUDUSD moved lower with the USD move up after the stronger than expected US jobs data and the stronger ISM data. The US jobs report took the price away from its 100 and 200 hour moving averages up at 0.7069 and 0.7081. In the Asian session, the price […]

Baker Hughes total rig count falls -12 to 759

The Baker Hughes rig count fell -12 to 759. That was the lowest total rig count since September 2022. Oil rigs fell -10 to 599. NatGas rigs fell -2 to 158. The total fall of -12 was the biggest fall for a week going back to June 2020. The price of crude oil is continuing […]

Google Stock Falls Following Earnings Miss |

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VIX falls to the lowest since last January

The meme stocks are running again today despite a choppy market, including shares of Lucid Motors now up 56%. Money is piling into beaten-up tech stocks at an incredible pace as the market bets on inflation coming back down to target. With that, the VIX is down 3% today to the lowest since last January. […]

Intraday Analysis – CAD falls back

USDCAD attempts to rebound The Canadian dollar slipped after the BoC signalled a pause in rate increases. On the daily chart, the pair is looking to hold above 1.3320 as a triangle consolidation pattern seems to be taking shape between 1.3230 and 1.3700. After hitting resistance at the former support at 1.3520 […]

Pakistani rupee falls after market maker group removes currency cap By Reuters

© Reuters. FILE PHOTO: A currency trader counts Pakistani Rupee notes as he prepares an exchange of U.S dollars in Islamabad, Pakistan December 11, 2017. REUTERS/Caren Firouz By Ariba Shahid and Asif Shahzad KARACHI, Pakistan (Reuters) – The Pakistani rupee fell by 1.2% on Wednesday after foreign exchange companies removed a cap on the currency, […]

Iranian currency falls to record low amid isolation and sanctions By Reuters

© Reuters. FILE PHOTO: A currency dealer poses for a photo with a U.S one dollar bill and the amount being given when converting it into Iranian rials in an exchange shop in Tehran, Iran December 25, 2022. Majid Asgaripour/WANA (West Asia News Agency) via REUTERS DUBAI (Reuters) – Iran’s troubled currency fell to a […]