GBP/JPY 4H Chart: Sets For Breakout
The British Pound has depreciated about 1.99% in values against the Japanese Yen since January 25. The exchange rate is currently trading near the lower boundary of a junior ascending channel pattern at 142.01. If the currency pair passes the...
FX: Brokers cannot afford an identity crisis
Aggregated pricing streams are preferable to single bank lines for most FX trading clients. Non-bank price-makers have become more influential during the past few years and for most clients a prime-of-prime (PoP) broker is the only way to get access...
Gold Trading Near Critical Level
Gold bulls have lost their momentum and the price is threatening the psychological level of $1,300. The bulls must defend this level, otherwise, it is highly that the bears will drive the price all the way to $1,270 mark. The...
Sterling Range Bound ahead of BoE Super Thursday, New Zealand Dollar Dives after Job Data
Sterling is generally steady today and gyrates in tight range. UK events are the major focuses with BoE Super Thursday featured. UK Prime Minister Theresa May will also visit Brussels to seek alternative arrangements on Irish border backstop. For now,...
Market Morning Briefing: Dollar Yen Continues To Trade Below 110.50
STOCKS Dow retains its strength and remains bullish while DAX has paused near a key resistance. Among the Asians, while the resistance in Nikkei has held well and keeps the near-term view negative, the Indian benchmark indices, the Sensex and...
Antipodes Action Overnight, Don’t Dream It’s Over?
Another central banker has ‘blinked’ with the RBA Governor Lowe shifting to a neutral stance joining the Federal Reserve and ECB. We can expect more of the same from the Bank of England (BOE) this evening. Governor Carney has been...
Fed’s Powell reveals what he thinks is the biggest challenge over the next decade
Sluggish productivity and widening wealth gap are the biggest challenges facing the U.S. over the next decade, Federal Reserve Chairman Jerome Powell said Wednesday. Speaking at a town hall in Washington D.C. to a group of educators, the central bank...
Yelp hires Evercore for activist defense after hedge fund calls for sale and board overhaul
Yelp, the review site for restaurants and local businesses, has hired Evercore to help defend the company against an activist investor, who recently called for a board shake-up and potential sale, according to people familiar with the matter. Hedge fund...
Janet Yellen: Possible next Fed move is a cut if global growth continues to slow
The Federal Reserve’s next move may well be an interest rate cut if weakening growth around the world starts infecting the U.S. economy, former central bank Chair Janet Yellen said Wednesday. Weakening economies in China and Europe is posing danger...
Stocks making the biggest moves midday: Snap, Electronic Arts, Skyworks & more
Check out the companies making headlines midday Wednesday: Capri Holdings — Shares of the company that owns Michael Kors, Versace and Jimmy Choo jumped 11.3 percent for the day after the company reported earnings that beat expectations. Capri Holdings also...
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