Yen, Dollar and Swiss Franc Suffer as Markets in Full Risk-On Mode
Yen traders broadly lower today as risk appetite extends from Asia markets to Europe and then US. Dollar is following as the second weakest and then Swiss Franc. Meanwhile, New Zealand, Australian and Canadian Dollars are the strongest one. The...
Billionaire tech investor: Let’s not talk ourselves into a recession
Billionaire tech investor Robert Smith is urging American business leaders and economists not to talk the U.S. economy into a recession. “There’s still massive productivity being introduced in every industry, and a lot of it is driven by technology,” said...
Gold Continues To Trade Below Key Resistance At 1,298.55
GOLD continues to trade below key resistance at 1,298.55 as it remains in consolidation mode. On the downside, support comes in at the 1,280.00 level where a break will turn attention to the 1,270.00 level. Further down, a cut through...
The Fed may be moving closer to ending its rally-killing balance sheet reduction
Federal Reserve officials are nearing a decision on when to end the reduction of the bonds it is holding on its balance sheet, a key consideration for investors watching how far the central bank will go in tightening monetary policy,...
Canadian Dollar Edges Higher, Investors Look for Cues
USD/CAD has posted slight gains in the Friday session. Currently, the pair is trading at 1.3318, down 0.29% on the day. On the release front, there are no Canadian or U.S. events on the schedule. Considering the weak performance of...
Equities Jump on Strong US Earnings
Global equity markets were a sea of green on Friday as investors diverted their attention from geopolitical risks and global growth fears to focus on robust US corporate earnings. Asian stocks marched to a seven-week high to close positive following...
WTI Oil Outlook: Oil Edges Higher on Output Disruption Concerns but Key Barriers Still Intact
WTI oil ticked higher on Friday and eventually penetrated thick daily cloud after cloud base capped attempts in past few sessions. Fresh boost for oil price came from political turmoil in Venezuela that raises concerns about potential output disruption. Also,...
USD/JPY Outlook: Pivotal 110 Barrier Is Under Pressure But Resists For Now
The pair maintains positive near-term tone and ticked higher on Friday’s Asian / European trading, holding in the upper part of week-long 109.05/109.99 congestion and pressuring key barrier at 110.00 (psychological resistance reinforced by falling 30SMA. Lack of bullish momentum...
EUR/USD Aims To S2 At 1.1262
During Thursday’s Draghi’s speech, the European Single Currency depreciated against the US Dollar to pass through the support levels of the monthly S1 and the weekly S1 to end the trading session at the 1.3005 mark. Besides, the chart was...
GBP/USD Will Surge To 50.00% Fibo
During yesterday’s midnight hours, the currency exchange rate broke the pattern line at the 1.3100 mark. The breakout meant that the United Kingdom and Ireland would agree not to build an outpost in Northern Ireland. In regards to the near-term...
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