USD/JPY Outlook: Bulls Look For 110.00+ After Clearing 109.15 Pivot
The pair extends recovery to new two-week high at 109.59 on Friday after bullish signal was generated on Thursday’s close above 109.15 pivot (daily Kijun-sen / 50% retracement of 113.70/104.59). The greenback was boosted by better than expected US jobless...
S&P 500 Supported By A Rising Trend Line
Pivot (invalidation): 2596.00 Our preference Long positions above 2596.00 with targets at 2657.00 & 2685.00 in extension. Alternative scenario Below 2596.00 look for further downside with 2578.00 & 2545.00 as targets. Comment The RSI is bullish and calls for further...
What is a Pip? Using Pips in Forex Trading
What are pips in forex trading? “PIP” – which stands for Point in Percentage – is the unit of measure used by forex traders to define the smallest change in value between two currencies. This is represented by a single...
Sterling Extends Rally, Yen Lower on Risk Appetite, Dollar Follows Yields Higher
Yen trades generally lower in rather quiet markets today. Risk appetite strengthens mildly despite extended record run in US government shutdown. There were rumors that US is considering to roll back tariffs to facilitate trade negotiation with China. But that...
Silver Consolidates As Investors Consider Dollar Direction
As mentioned yesterday, I am still of the view that the dollar could weaken this year and boost buck-denominated metal prices. After all, the Fed has stopped hiking interest rates. You would think this would be good news for noninterest-bearing...
This ’90s Jack Bogle interview shows how little his famous investing strategy changed over the years
Jack Bogle was famous for making investing accessible to the everyday person through index funds – funds that match a market barometer like the S&P 500. His message was simple: why waste money on expensive fees and commissions for complex...
Stocks making the biggest moves after hours: Netflix, American Express, Atlassian and more
Check out the companies making headlines after the bell: Shares of Netflix fell as much as 5 percent in after hours trading based on their mixed earnings released Thursday. Fourth-quarter earnings were 30 cents per share which beat analyst’s estimates...
HSBC finds blockchain drastically improves efficiency of internal payments
HSBC announced on Monday that during the past year it has been orchestrating more and more cross-border payments between the various balance sheets within the federation of separately capitalized banks that make up the group using a new technology. This...
US officials debate lifting tariffs on China to get a trade deal: WSJ
U.S. officials are reportedly debating lifting tariffs on Chinese imports to give Beijing a reason to make deeper concessions in ongoing trade talks between the two countries. Treasury Secretary Steven Mnuchin proposed lifting all or some of the tariffs, The...
Canadian Inflation Figures Due as Loonie Tracks Oil Prices
The latest inflation data out of Canada will hit the markets on Friday, at 1330 GMT. While these figures are always important for market expectations around future Bank of Canada (BoC) rate hikes, the loonie’s overall direction may depend mostly...
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