Markets Cautious as Hong Kong Tensions Overshadow Trade Optimism
Asian markets opened higher earlier today following the strong close in US markets. China appeared to be backing down on further tariff retaliation, and there’s hope for continuation in US-China trade negotiation. But sentiments turned sour quickly on escalating tensions...
Elliott Wave View: Ten Year Notes (ZN_F) Resumes Higher
Short Term Elliott Wave structure in 10 Year Notes (ZN_F) suggests the pullback to 129.28 ended wave 4. The note has resumed higher in wave V. The internal subdivision of wave V is unfolding as a 5 waves impulse Elliott...
China Soothes Frazzled Nerves
Soothing comments on trade by the Chinese Commerce Ministry late yesterday in Asia saw Wall Street stocks carve out impressive gains overnight. In addition to refraining from retaliating against the latest tariff hikes from President Trump, the spokesman emphasised the...
Stocks making the biggest moves after hours: Ulta, Ambarella and Dell
Pedestrians pass in front of an Ulta Beauty store in New York. Gabby Jones | Bloomberg | Getty Images Check out the companies making headlines after the bell: Shares of Ulta nosedived 21% after the company lowered its guidance and...
Italy’s political crisis only emphasizes debt is the real problem
Wing and a prayer: Matteo Salvini’s gambit backfired, but he could still be ‘the worst scenario’ Coalition governments in Italy are invariably risky endeavours, and so it proved on August 8 when Matteo Salvini, the leader of the right-wing anti-immigration...
How to Use Bollinger Bands® in Forex Trading
Bollinger Bands® are utilised by technical traders in all financial markets including forex. This article will introduce Bollinger Bands® and how they assist traders in technical analysis. It will also provide an overview of top strategies and tips for trading...
EURJPY Rebounds from 2½-Year Low, But Picture Still Negative
EURJPY hit a new 2½-year low earlier this week at 116.55 but found fresh buy orders and recovered a small portion of its losses. That said, the broader outlook remains negative as the price structure still consists of lower highs...
Eurozone Inflation Prints Due ahead of Draghi’s ‘Last Hurrah’
The euro area’s preliminary CPI data for August will hit the markets at 09:00 GMT on Friday, and forecasts suggest that inflationary pressures remain muted. Another weak set of data could amplify expectations for an aggressive stimulus package by the...
Trump says US and China resume trade talks Thursday ‘at a different level’
President Donald Trump speaks during the G7 summit in Biarritz, France, August 26, 2019. Carlos Barria | Reuters President Donald Trump said the U.S. and China are set to have trade talks on Thursday “at a different level.” “There’s a...
Stocks Rebound as China Backs Down on Tariff Escalation, Dollar Mixed
Stock markets stage a strong rebound today after China appears to be backing down from its hard line stance in trade war with US. Yen and Swiss Franc turn soft while commodity currency regain reverse earlier losses. Euro is also...
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