EURUSD Bearish Under 1.1000
The euro currency has fallen below the 1.1000 level against the US dollar, marking a bearish trendline break from a descending triangle pattern. The downside breakout could take the EURUSD pair back towards the 1.0940 level, according to its overall...
Markets On Tenterhooks Ahead Of Draghi’s Finale | EUR/CHF, EUR/AUD, EUR/NZD
Draghi’s final meeting is just hours away, with several Euro crosses sitting on ‘make or break’ levels. For a full preview of what to expect from today’s ECB meeting, you can read yesterday’s ECB preview by my colleague Fiona Cincotta....
Sentiments Lifted by US-China Goodwill Gestures, ECB Stimulus Awaited
Market sentiments were given another strong lift after both US and China offered gestures of good will ahead of next month’s trade meeting. Yen extended this week’s pullback and remains generally soft in Asian session today. Swiss Franc follows as...
Stocks making the biggest moves after hours: Oracle, Aurora Cannabis and more
Mark Hurd, CEO of Oracle. Adam Jeffery | CNBC Check out the companies making headlines after the bell: Shares of Oracle dipped as much as 5% during extended trading after the company’s CEO, Mark Hurd, announced a medical leave of...
Here’s how to play the massive transformation taking place in the stock market
Traders and financial professionals work at the opening bell on the floor of the New York Stock Exchange (NYSE) on August 6, 2019. Drew Angerer | Getty Images Value is seeing the light of day finally. A huge rotation out...
WTI Outlook: Oil Price Eases as OPEC Cuts Forecasts for Global Oil Demand Growth, Little Help from Upbeat Inventories
Oil price eases as OPEC cuts forecasts for global oil demand growth, little help from upbeat inventories WTI oil price dipped near $57.00 support, following brief jump to $57.91 after release of US crude stocks report. EIA report showed much...
US Retail Sales and CPI Inflation Should Not Surprise
Another round of high-level trade talks between Washington and Beijing has been arranged and the spotlight now turns back to data releases as markets are trying to figure out whether there is a need for a sharper rate cut, ahead of the Federal...
Trump’s approval on the economy slides as recession fears grow
President Donald Trump Joshua Roberts | Reuters Voters may have started to sour on what they consider the best part of President Donald Trump’s White House tenure. For much of Trump’s presidency, Americans have broadly held glowing views of the...
Euro Lower as Traders Prepare for ECB, Dollar Shrugs Trump’s Tweets
Euro weakens broadly today, in relatively quiet markets, as traders are probably adjusting their positions ahead of tomorrow’s ECB rate decision. A new package of stimulus is widely expected. Yet, opinions on the exact composition of the package is divided....
US producer prices unexpectedly rise in August
Engines assembled as they make their way through the assembly line at the General Motors (GM) manufacturing plant in Spring Hill, Tennessee, August 22, 2019. Harrison McClary | Reuters U.S. producer prices unexpectedly rose in August and underlying producer prices...