Platinum Futures Stand In Bullish Correction Within Long-Term’s Negative Structure
Platinum futures delivered on January 2019 are moving higher over the last three months, following the bounce off the 753 support level. The price seems to be in a bullish correction mode as it surpassed the first significant level of...
GBPNZD Breaks Below Trendline, Turns Negative In Medium-Term
GBPNZD crossed below a medium-term uptrend line taken from the lows of June in recent sessions, and also below its 200-day simple moving average (SMA), recording a ten-month low yesterday. These suggest the medium-term outlook has turned firmly negative. Short-term...
GBPJPY Holds Above 2-Week Trough, Neutral In Medium-Term
GBPJPY has declined considerably over yesterday’s trading session, diving to a two-week low near the 144.20 level. In the very short-term the price seems to be strongly negative, while in the daily chart the pair remains in a consolidation area...
Europe needs a fully formed banking union to compete with Wall Street, Deutsche Bank CEO says
European banks desperately need a fully formed banking union to compete with the world’s most valuable financial institutions, according to the chief executive of Germany’s biggest lender. “We have to accelerate the banking union and revitalize the concept of a...
Wall Street Ends Five-Day Losing Streak, Sterling Plummets
U.S. stocks finally managed to end a five-day losing streak yesterday supported by the Tech, Financial and Energy sectors, thanks to unofficial reports stating that further U.S. tariffs on Chinese imports would be put on hold. Although U.S. Trade Representative...
USDCAD Loses Some Ground In Very Short-Term, Upside Structure Holds In Long-Term
USDCAD has been underperforming since yesterday, remaining below the four-month high of 1.3265. Currently, the price holds above the very short-term rising trend line, but in case of a penetration it would move even lower in the near term. Also,...
GBPUSD 1.2835 Level Now Key Resistance
The British pound is testing towards the 1.2800 resistance level against the US dollar after finding strong technical support from the 1.2722 level. The intraday sentiment surrounding the GBPUSD pair remains strongly bearish while price trades below the former weekly...
Calm Before The Storm As Sterling Halfs Decline
Yesterday, sterling dropped sharply after Brexit Minister Dominic Raab resigned. This was the biggest drop since the day the UK voted to leave the EU. In the Asian session, sterling was little moved as traders waited for an indication of...
Sterling Takes a Breather after PM May Pledged to Hold On, How Long Could It/Her Last?
Sterling recovers mildly today but remains the weakest one on political turmoil in the UK. There is no clear sign of a come back in the Pound and it remains vulnerable for more selloff, even before weekly close. The markets...
Stocks making the biggest moves after hours: Nvidia, PG&E, Sonos and more
Check out the companies making headlines after the bell: Nvidia shares plummeted as much as 16 percent during after-hours trading Thursday after the company missed on revenue. The chipmaker reported $3.18 billion in revenue versus $3.24 billion as expected by...
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