USDZAR Trades Below Downtrend Line; Outlook Cautiously Negative
USDZAR has been printing lower highs and lower lows on the daily chart, below a downtrend line drawn from the highs of September 6. The pair has also recently fallen below its 50-day simple moving average (SMA), which has turned...
CADJPY Struggles Inside Bollinger Band Levels; Positive View in Long-Term
CADJPY is back in bullish mode in the daily timeframe over the last eight months that helped the market to head higher and peak at 89.25 on October 3. While the MACD suggests that the market could maintain the neutral...
Wall Street’s newest billion-dollar battleground: Small town, USA
John Richert knew the moment Goldman Sachs was coming to town. First, the J.P. Morgan Chase banker got a call from a recruiter in June 2017 asking if he would consider joining the rival. Then Goldman went after his entire...
Fed’s Clarida says central bank close to neutral and should be ‘data dependent’ on more hikes
The Federal Reserve is close to the point of being “neutral” on interest rates and should predicate further increases on economic data, the central bank’s vice chairman said Friday. Recent appointee Richard Clarida told CNBC’s Steve Liesman that nearly three...
Stocks making the biggest move premarket: FB, NVDA, PCG, JWN & more
Check out the companies making headlines before the bell: Facebook – COO Sheryl Sandberg responded to a New York Times report that alleged the company ignored and then attempted to cover up how Russia used Facebook to disrupt the 2016...
Yen Gathers Stream For Rebound ahead of Close, Sterling Pares Losses
Yen and Sterling are the two strongest ones today, but what they’re doing are very different. Yen is extending this week’s rebound. But Sterling is paring back Brexit triggered losses. Meanwhile, commodity currencies turned generally weaker as they’re paring some...
GBPJPY Retains Bearish Pressure Towards 144.25 Support
GBPJPY retains bearish pressure towards 144.25 support following its Thursday sell off. On the downside, support comes in at the 144.50 level where a violation will aim at the 144.00 level. A break below here will target the 143.50 level...
WTI Oil Outlook: Recovery Extends as Strong Downside Pressure Eases on Output Cut Hopes
WTI oil price holds in green for a third straight day and extends recovery after 12-day uninterrupted fall. Hopes that OPEC may cut production and stabilize oil price which held in steep descend for six consecutive weeks, marking over 20%...
USDJPY Intraday Bearish Below 113.37 Level
The US dollar continues to drift lower against the Japanese yen currency following negative reports surrounding Sino-US trade talks. Indicators are still turning lower, with the intraday sentiment surrounding the USDJPY pair bearish while price trades below the 113.37 level....
GBPUSD Back Under Pressure Below 1.2800
The British pound has started to once again move lower against the US dollar, following a strong technical rejection from the 1.2831 level during the European trading session. News that British Prime Minister Theresa May will likely face an upcoming...
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