EURAUD Stays Neutral in Short- and Long-Term Timeframes
EURAUD has been moving sideways in the short-term and long-term timeframes. Over the last two-months, the price has been developing between the 1.6060 resistance level and the 1.5720 support barrier, trading near the 20- and 40-simple moving averages (SMAs) in...
Oil Trading Strategies with Futures Trader Tracy Shuchart| Podcast
KEY POINTS COVERED IN THIS PODCAST – How Tracy uses a macro approach to trading the oil market – The books to check out to improve your oil trading knowledge – Key oil benchmarks for 2019 Tracy Shuchart is a...
Sterling Breaks Key Resistance as UK Moves a Big Deal to Avoid No-Deal Brexit
Sterling rises broadly today and takes out key resistance against Dollar and Euro. UK has moved a big step in avoiding no-deal Brexit. Prime Minister Theresa May announced to hold three separate votes on Brexit deal, no-deal Brexit and delay....
$8 billion money manager sees 2019 as year of record upside despite sell-off warning
Avalon Advisors’ Bill Stone sees stocks hitting record highs this year, but getting won’t come without trouble. “This is as good as it gets, at least in the short run,” the firm’s chief investment officer said Monday on CNBC’s “Trading...
GBP/CAD 4H Chart: Short-Term Surge Expected
The British Pound has appreciated about 1.58% in values against the Canadian Dollar since last week. The currency pair was supported by a cluster formed by the of the weekly and the monthly PPs and the combination of the 50-,100...
Currency Carry Trade: What is it and how does it work?
A currency carry trade involves borrowing a low-yielding currency in order to buy a higher yielding currency in an attempt to profit from the interest rate differential. This is also known as “rollover” and forms an integral part of a...
USD/JPY Outlook: Bulls Face Strong Headwinds From 200SMA And Keep Risk Of Stall Despite Improved Sentiment
The pair trades near 2019 high at 111.23 following Monday’s rally which generated bullish signal on close above triangle resistance (110.86) and fresh probes above 111 barrier. Fresh risk appetite on optimistic tones from US/China trade talks boosted the greenback,...
European markets open lower on Brexit, US-China trade talks
European stocks start Tuesday’s session in the red, following on from the volatile session seen in Asia-Pacific markets. The pan-European Stoxx 600 was down by 0.2 percent with every sector in the red. Overall, investors kept abreast of the ongoing...
Sterling Surges as BoE Hearing and May’s Cabinet Meeting Watched
Sterling rises broadly today on news that opposition labor is going to back second Brexit referendum. Meanwhile, the UK government is also considering delaying Brexit. The Pound stays firm entering in to European session and eyes will be on Prime...
Market Morning Briefing: Dollar-Index While Above 96
STOCKS Equities continue to remain bullish. The global indices can move further higher in the next few days. However, key resistances are coming up which increases the possibility of a corrective fall in equities going forward. Dow Jones (26,091.95, +60.14,...
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