EURUSD Attempting To Recover
The euro is attempting to recover higher against the US dollar after dropping towards the 1.1410 support level during the European trading session. The EURUSD pair is once again testing around the pivotal 1.1430 level, where the next directional move...
GBPJPY Stabilizes At 4-Month Lows, Decline Looks Oversold
GBPJPY paused selling at a four-month low of 140.55 on Thursday, with the RSI hinting that a rebound could possibly take place in the four-hour chart as the indicator is fluctuating below 30 in oversold territory for the second day....
EUR/USD Analysis: Reveals Ascending Pattern
The EUR/USD currency exchange rate has revealed an ascending channel pattern. The pattern represents the rate’s surge following the bounce off from the lower trend line of a dominant descending pattern. In the near future the rate is expected to...
DOW Dropped to Critical Fib Level, Yield Curve Flattened Further
While risk aversion continued in Asian session, volatility cooled mildly. Major pairs and crosses are staying in relatively tight range. Swiss Franc and Sterling are generally higher while commodity currencies are soft. But the picture for the day could easily...
S&P 500: So Much For A Santa Rally!
The last few months have been hard on stock market bulls, to put it lightly. Only three short months ago, the S&P 500 was trading up by 10% on the year, on track for its 10th straight positive year on...
Markets Trend Every Which Way But Up
Markets trend every which way but up. Its been another frightening session for investors across a multitude of asset classes with some issues coming to a head as markets deal with year-end dwindling liquidity. US bond yields are falling the...
China’s stocks are set for a rocky start to 2019
Chinese stocks took a beating this year, but a recovery may not come until the second half of 2019, experts say. The Shanghai composite and main Shenzhen index are down more than 20 and 30 percent, respectively, this year. That...
House passes spending bill with border wall money — setting up shutdown stalemate with Senate
The House passed a temporary spending bill Thursday with money for President Donald Trump’s proposed border wall, further muddying the scramble to dodge a partial government shutdown by Friday. The chamber approved the measure to keep the government running into...
Kevin O’Leary chides the Fed for claiming data-dependence while still forecasting two 2019 rate hikes
Investor and entrepreneur Kevin O’Leary told CNBC Thursday he’s not fond of the Federal Reserve’s plans for interest rates next year. Fed Chairman Jerome Powell “made a mistake” during his highly-anticipated news conference Wednesday afternoon, said O’Leary, chairman of O’Shares...
Elliott Wave Analysis: EURCAD at Interesting Levels; More Weakness in View
Let’s take a look at daily chart of EURCAD. What we see is a leading diagonal into wave A/1 from highs and a current recovery since the beginning of October definitely looks slow and corrective. But, the most important part...
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