Stocks making the biggest moves premarket: Wells Fargo, Micron Technology, Delta, Apple & more
Check out the companies making headlines before the bell: Wells Fargo – Wells Fargo named Bank of New York Mellon CEO Charles Scharf as CEO, effective October 21. Wells Fargo has been without a permanent CEO since Tim Sloan left...
GBPUSD 1.2250 Possible
The British pound has moved below the 1.2300 level against the US dollar, following dovish comments from Bank of England member Michael Saunders. It is possible that the GBPUSD pair could target the 1.2250 support level if sellers break through...
USDJPY 108.10 Possible
The US dollar is moving higher against the Japanese yen currency, as the U.S dollar index surges to a fresh monthly trading high. The USDJPY pair may test towards the 108.00 resistance level if bulls continue to gain strength above...
USD/CNH 1H Chart: Bulls Could Prevail
The US Dollar has been depreciating against the Chinese Offshore Renminbi since the beginning of September when the USD/CNH currency pair reversed south from the upper boundary of the rising wedge pattern. Note that the exchange rate is supported by...
Meandering Trading, Oil Prices Deflate
Meandering Trading Markets are mixed with clear drivers lacking. S&P 500 rebounded marginally on positive trade news. Yet Asian trading has been more tentative. Thursday Chinas top diplomat stated that China was willing to purchase additional US products and trade...
Bitcoin Suffers Biggest Weekly Loss
Bitcoin price has dropped over 20% this week, a substantial drop. We have not seen this sort of weakness since November 2018. This particular move was long coming because the price failed to cross above the 50-day moving average during...
Dollar Firm after Breaking Key Resistance Against Euro
Dollar stays firm in rather quiet pre-weekend trading today. EUR/USD’s break of 1.0926 support is a clear sign of greenback’s strength. Yet, we’d still prefer to seen more buying in other Dollar pairs to confirm. For the week, European majors...
Uruguay’s longer-term potential undimmed
One notable observation from Euromoney’s country risk data is how few countries have seen improved scores since the global financial crisis. Just 49 of the 186 countries in the survey have scores higher than in 2007, with a dozen only...
Stocks making the biggest moves after hours: LATAM, Micron, Las Vegas Sands and more
Passengers seen boarding a LATAM Airlines Airbus 320 at Puerto Maldonado airport also know as Padre Aldamiz International Airport. John Milner | LightRocket | Getty Images Check out the companies making headlines after the bell: LATAM Airlines shares skyrocketed more...
XAU/USD Outlook: Gold recovers after Strong Fall But Pivotal Barriers Stay Intact for Now
Spot gold bounces from $1500 level which contained Wednesday’s 1.9% fall. The yellow metal fell sharply on renewed risk appetite that prompted traders to collect profits from four-day $1483/$1535 rally. Wednesday’s fall (the second biggest one-day loss in Sep) found...