USDJPY Rallies With Eyes On Key Resistance At 111.01 Level
USDJPY rallies with eyes on key resistance at 111.01 level. On the upside, resistance comes in at 111.50 level. Above this level will turn attention to the 112.00 level. Further out, we expect a possible move towards the 112.50 level....
Dollar Surges Against Yen and Swiss as US-China Trade Talks Resume
Yen and Swiss Franc are trading broadly lower today thanks to rebound in global equities. Fresh selling is seen on news that White House senior counselor Kellyanne Conway said Trump may still meet Chinese President Xi Jinping in the near...
US 500 Stock Index Finds Resistance at 200-SMA, Hovers Around 61.8% Fibonacci
US 30 stock index found strong resistance obstacle at the 200-simple moving average (SMA) in the daily timeframe, hovering around the 61.8% Fibonacci retracement level of the downleg from 2,940 to 2,332, near 2,708. The short-term technical indicators support this...
DAX Stabilizes after Sharp Slide
The DAX index has steadied on Monday after sharp losses last week. On Monday the DAX is at 10,991, up 0.78%. There are no German or eurozone events on the schedule. It was a dismal week for the DAX, which...
EUR/USD – Euro Slide Continues As Investor Sentiment Sours Over Soft Data
After posting five losing days last week, the trend continues as EUR/USD has started the week in the red. On Monday, the pair is trading at 1.1307, down 0.13% on the day. It’s a slow day for fundamentals, with no...
Krugman expects to see a global recession this year, warns ‘we don’t have an effective response’
There is a decent chance the world economy is headed for a recession in 2019, according to Nobel Prize-winning economist Paul Krugman. Market participants are increasingly worried about the prospect of a serious economic downturn over the coming months, with...
Crude Oil Turning Down
Pivot (invalidation): 52.60 Our preference Short positions below 52.60 with targets at 51.70 & 51.30 in extension. Alternative scenario Above 52.60 look for further upside with 53.00 & 53.40 as targets. – advertisement –
Comment The RSI shows downside...
Sterling Soft as GDP, Productions and Trade Balance Awaited
Sterling is trading generally soft today, except versus Yen, as market focus turns to UK data. GDP, productions and trade balance will be featured. BoE just downgraded both growth and inflation forecasts last week, based on assumption on smooth Brexit....
EUR/USD At Clear Risk Of Further Declines
Key Highlights The Euro formed a significant top at 1.1514 and declined heavily against the US Dollar. EUR/USD broke a few important supports such as 1.1440 and 1.1400. – advertisement –
The German Trade Balance in Dec 2018 posted...
Here’s why Wells Fargo has sliced its forecasts for rate hikes and bond yields
As bond yields fall on global growth fears, Wells Fargo is making some changes. This month, the firm cut both its year-end Federal Reserve interest rate hike forecast and bond yield targets. However, the firm’s global head of interest rate...
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