EUR/JPY Stranded Between SMAs
The single European currency has continued to appreciate in an ascending channel against the Japanese Yen. The currency pair tested the upper boundary of the channel pattern at the end of yesterday’s trading session. Currently, the exchange rate is stranded...
AUD/USD Moving Towards Weekly PP At 0.7090
The Australian Dollar depreciated about 58 base points against the US Dollar on Thursday. However, the situation changes during the end of Thursday’s trading session when the currency pair reversed from the 0.7020 level and started gaining strength. The exchange...
USD/CAD Remains Near 1.3608
The US Dollar appreciated about 92 base points against the Canadian Dollar on Thursday. The surge was stopped by a resistance level formed by the upper boundary of a medium-term ascending channel pattern at 1.3650 during yesterday’s trading session. However,...
SPX’s Volatility At 2015’s High
Talking about how aggressive the Fed is going to be towards their monetary policy in the coming year, traders have started to do something unusal. The argument of cutting an interest rate is becoming serious among traders and the odds...
ECB Economic Bulletin Provides Forecasts For 2019
According to ECB, the global economy is heading towards a slowdown in 2019 and could stabilize afterwards. The ECB also stated that inflation pressures could persist, globally but also in the Eurozone. More specifically it was said inflation is expected...
The US Dollar Index Is In The Red
The US dollar weakened significantly against a basket of major currencies during yesterday’s trading. It became known that the US President Trump may impose a ban on the use of equipment made by Chinese companies Huawei and ZTE for US...
Asia Shrugs US Stock Rebound Again, Some Dollar Weakness Before Year End
Despite initial setback, US equities extended the post-Christmas historic rebound overnight. DOW ended up 1.14% to 23138.82. S&P 500 rose 0.86% and NASDAQ added 0.38%. But the improvement in sentiments isn’t carried over to Asian session. Nikkei is currently down...
The volatility in stocks right now is ‘abnormal,’ says manager of $200 billion pension fund
Investors should be careful as the recent spike in market volatility is far from normal, according to the manager of the California State Teachers’ Retirement System, which has more than $200 billion in assets. “The last few days have been...
GER 30 Stock Index Set for the Fifth Monthly Loss
The GER 30 stock index (DAX 30) is heading for its fifth monthly loss, dropping to a fresh 2-year low of 10,301 on Thursday. According to the RSI and the Stochastics which have entered oversold terittory, the market could see...
Buying Momentum Falters, Shutdown and Consumer Confidence to Move Dollar
Asian markets pushed higher overnight, with the exception of the Shanghai Index, which was nursing losses following dismal Chinese industrial profits. Europe also started in the black, although European bourses were back in the red by midway through the European...
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