EUR/USD Makes New 2019 Low But No Follow Through Selling Yet
Forex traders remain rather uncommitted today. Euro was weighed down by renewed weakness in German 10-year bund yield, which hit as low as 0.594. The common currency hit new 2019 low against Dollar but there is no follow through selling....
Market Brief: A Trade Headline a Day Keeps the Bears Away
At 13:00 BST, the NZD was the strongest and GBP among the weakest, while stocks were sharply higher in Europe, led by the FTSE 100. The Dollar Index edged further higher after posting a bullish pattern the day before as...
US weekly jobless claims rise marginally
The number of Americans filing applications for unemployment benefits rose moderately last week, pointing to sustained labor market strength. Initial claims for state unemployment benefits increased 3,000 to a seasonally adjusted 213,000 for the week ended September 21, the Labor...
US business investment much weaker in the second quarter than previously estimated
A worker builds a 2020 Ford Explorer car at Ford’s Chicago Assembly Plant in Chicago, June 24, 2019. Kamil Krzaczynski | Reuters U.S. business investment contracted more sharply that previously estimated in the second quarter and corporate profit growth was...
Stocks making the biggest moves premarket: Beyond Meat, Accenture, Target, Rite Aid & more
Check out the companies making headlines before the bell: Beyond Meat – McDonald’s is testing a new “PLT” – a plant, lettuce, and tomato sandwich – that uses Beyond Meat’s plant-based patties. The tests will take place in 28 restaurants...
US Open – Trade Optimism, Impeachment Analysis, Fed’s Evans, Oil Sinks, Gold Steadies
US stocks are attempting to open higher on trade optimism and after most impeachment analysis sees equities possibly soaring higher, like President Clinton’s rally in 1999. Impeachment proceedings are the markets new Brexit, with President Trump leaving office being similar...
EUR/USD: How Low Can EUR Go?
The US dollar has extended its gains against European currencies today, causing the Dollar Index to break to a new weekly high above 99.10. The pound had been hammered again as political uncertainty in the UK continue to weigh on...
USD/JPY Capped By A Negative Trend Line
Pivot (invalidation): 107.85 Our preference Short positions below 107.85 with targets at 107.45 & 107.25 in extension. Alternative scenario Above 107.85 look for further upside with 108.05 & 108.25 as targets. – advertisement – Comment The RSI calls for a...
Dollar Buying Lost Momentum ahead of Key Resistance
The forex markets remain in rather indecisive mode for now. Dollar buying attempted to take off yesterday, but quickly lost momentum. The greenback pares back some of yesterday’s gains in Asian session. Similarly, there was no follow through selling in...
Asia Morning: Chicken Kiev For The Soul
The much anticipated ‘transcript’ of President Trump’s phone call with Ukrainian President Zelensky was released overnight. Having read it, there was an element of Biden-bashing going on, no doubt, and an offer to get in touch with the U.S. Attorney...