EURJPY Immediate Risk Remains Lower Towards 128.60 Region
EURJPY: immediate risk remains lower towards its key support located at 128.60 zone. Further down, support comes in at the 128.00 level where a break if seen will aim at the 127.50 level. A cut through here will turn focus...
Stocks making the biggest move premarket: GE, DIS, PG, MNST, STNE & more
Check out the companies making headlines before the bell: General Electric – J.P. Morgan Securities analyst Stephen Tusa cut his price target on the stock to $6 from $10, saying the most recent earnings report was worse than expected...
GBP/USD Rally Stalls Along with UK Economic Hrowth
The GBP/USD was down for a second day this morning, giving back some of its recent gains made on the back of hopes over an imminent breakthrough in Brexit talks between the UK and EU over the issue of Northern...
AUDUSD Outlook: Pullback Expected To Offer Better Buying Opportunities While Supports At 0.7190/80 Hold
The Australian dollar stands at the back foot on Friday and extends pullback after double upside rejection at 0.7300 zone and repeated failure to close above cracked top of falling daily cloud. Lower Asian stocks and weaker than expected Australian...
US 30 Index Bounces Sharply, Re-Approaches Rrecord Highs
The US 30 index rebounded sharply in recent sessions, after finding support near a medium-term uptrend line drawn from the lows of February 6. The index has now crossed back above both the 50- and 200-day simple moving averages (SMA),...
GBPUSD Testing Psychological 1.3000 Level
The British pound has continued to move lower against the US dollar during the European trading session, following weaker than expected UK GDP data and bearish Brexit headlines. The GBPUSD pair is likely to experience further technical selling if the...
USD/CAD – Bullish Fed Sends Canadian Dollar To 8-Week Low
The Canadian dollar has posted losses in the Friday session, following the trend seen on Thursday. Currently, USD/CAD is trading at 1.3195, up 0.31% on the day. The pair is trading at its highest level since early September. There are...
Stocks Fall Amid China Worries, Dollar Holds Gains
European stocks slid, following a retreat in Asia, amid growing concerns about a slowdown in China and policy makers’ steps to address it. The dollar advanced as the Federal Reserve stayed on track for a December rate hike. Mining and...
The CEO of stricken private equity giant Abraaj is not to blame for its collapse, lawyer says
The lawyer for embattled private equity CEO Arif Naqvi says his client is not to blame for the collapse of his Abraaj investment fund, but admits that the scandal has done “some damage” to the reputation of Dubai. “There...
Dollar Strikes Back as Yields Jumped after FOMC, Yen Following
Dollar is making a come back as US treasury yield surged after FOMC rate decision and statement. The decision to stand pat was widely expected. One surprise was probably the lack of reference to the stock market crash in October....
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