British pound steady as EU approves Brexit deal
GBP/USD has posted slight gains in the Monday session. In North American trade, the pair is trading at 1.2829, up 0.10% on the day. It’s a quiet start to the week, with no major releases. On Tuesday, the U.K. releases...
FOMC Minutes, US Data, and Speeches by Fed Officials to Drive Dollar
This week promises to be an entertaining one for the dollar, as the minutes from the latest Fed gathering, several speeches by influential FOMC members, and a raft of key US economic data will probably keep traders on the edge...
EURUSD Outlook: Risk of Renewed Attack at 200WMA Remains in Play While the Upside Stays Capped by Falling 30SMA
The Euro stands at the back foot in early hours of US session on Monday and slid to the session low at 1.1350 after speech of ECB President Mario Draghi, who pointed at gradual growth slowdown, but expressed the optimism...
XAUUSD Outlook: Consolidation to Likely Extend as Market Eyes Powell; Fed Minutes and US/China Talks for Stronger Direction Signals
Spot gold edged higher on Monday but remains within choppy range between $1220 and $1230, as bull-leg from $1196 lost traction on attempts above pivotal barriers at $1225 (Fibo 61.8% of $1243/$1196/bear-trendline off $1243 high). Bullishly aligned daily techs continue...
Sentiments Lifted as Italy Shows Budget Flexibility, But No Follow Through Buying in Euro
Euro, Sterling, Australian and New Zealand Dollar are so far the stronger ones today. Euro is lifted by news that Italy is finally showing some flexibility to adjust it’s 2019 budget deficit target. The development also send European stocks higher...
Stocks making the biggest move premarket: AMZN, WMT, M, TGT, GM, CPB & more
Check out the companies making headlines before the bell: Amazon.com, Walmart, Macy’s, Target – These and other retailers are on watch as shopping results from the holiday weekend – including Black Friday – roll in. Preliminary reports show strong sales...
Nigeria’s mixed signals on fintech
The Central Bank of Nigeria’s headquarters in Abuja Financial technology looked set to take off in Nigeria. Earlier this year, the country’s central bank and the Nigeria Inter-Bank Settlement System opened a regulatory sandbox to enable budding fintech companies to develop...
German business confidence dips again as economy cools
The German economy is cooling down. That is the standout assessment from a key business climate survey, published by the Munich-based Ifo Institute on Monday. The Ifo Business Climate Index fell to 102.0 points in November from 102.9 points in...
S&P 500 Caution
Pivot (invalidation): 2628.00 Our preference Long positions above 2628.00 with targets at 2650.00 & 2670.00 in extension. Alternative scenario Below 2628.00 look for further downside with 2600.00 & 2590.00 as targets. – advertisement –
Comment The RSI is mixed...
DAX The Downside Prevails
Pivot (invalidation): 11210.00 Our preference Short positions below 11210.00 with targets at 11070.00 & 11010.00 in extension. Alternative scenario Above 11210.00 look for further upside with 11270.00 & 11320.00 as targets. – advertisement –
Comment As Long as the...
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