Safe-Haven Currencies Rally as Risk Appetite Takes a Break
Rand Moody’s gave the rand a bone over the weekend and today’s opinion piece shows they will give the South African government time to stabilize the economy. On Friday, Moody’s decided to defer the schedule review of South Africa’s investment...
Sideways: Trump makes banks look good – for now
The 35-day partial shutdown of the US government over Trump’s call for funding of a border wall gave the country’s banks an opportunity to position themselves as responsible corporate citizens, with the interests of their customers at heart. Large banks...
BTCUSD Eases Below 4½-Month High after Sharp Bullish Rally
BTCUSD skyrocketed to a fresh four-and-a-half-month high of 5052 earlier on Tuesday, finally creating an impressive bullish rally. Currently, the price is returning some of those gains but remains above the 23.6% Fibonacci retracement level of the upleg from 3313...
Dollar Trading Higher Despite Durable Miss, Sterling Soft in Established Range
Dollar trades generally higher today even though upside momentum is capped by weaker than expected durable goods report. Economic data released this week are so far mixed. But at least, they don’t point to heightened recession risk. While long treasury...
Royal Commission is uncomfortable reading for Australia’s big banks
Justice KennethHayne From the big banks’ point of view, the final report from the Australian Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry is embarrassing and humbling but changes little. Justice Kenneth Hayne handed over the...
Your first trade for Tuesday, April 2
The “Fast Money” traders shared their first moves for the market open. Tim Seymour was a buyer of Activision Blizzard. Brian Kelly was a buyer of Freeport-McMoRan. Steve Grasso was a buyer of Take-Two Interactive. Guy Adami was a buyer...
GBP/USD Outlook: Bears Extend on Rising No-Deal Brexit Fears
Sterling remains firmly in red ahead of start of the US session on Tuesday and extends weakness closer to psychological/trendline/Fibo supports at 1.30 zone. Rising fears of no deal Brexit continue to weigh on the pound, after PM May’s divorce...
US core capital goods, durable goods orders drop in February
New orders for key U.S.-made capital goods unexpectedly fell in February and shipments were unchanged, but data for January was revised slightly higher. The Commerce Department said on Tuesday orders for non-defense capital goods excluding aircraft, a closely watched proxy...
Dollar Index Futures Could Get More Bullish In Short Term
Following the close under the 200-day moving average (MA), the US dollar index future price (with an expiry date in June) regained considerable ground to overcome its MAs once again and return above the Ichimoku cloud, staying mostly green over...
EURUSD Weakness Persists
The euro has continued to decline against the US dollar during the European trading session as the greenback recovers early week losses. The EURUSD pair has a strong bearish outlook while trading below the 1.1216 level, with breakout weekly support...
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