Software stocks were thought to be a can’t miss trade this year, but now they are struggling
Free gondola rides to and from Salesforce Park Source: Saleforce Transit Center In a year plagued by U.S.-China trade tensions where investors piled into “tariff-proof” software stocks like Microsoft and Salesforce, a stunning reversal is occurring. As trade tensions cool...
USD/CHF Tests Potential Rresistance as Dollar Squeezes Higher
Short covering has helped the US dollar regain its poise in this first half of the week, underpinning the likes of the USD/CHF and undermining the likes of the EUR/USD. But fundamentally not a lot has changed to support the...
MARKET WRAP: European Stocks Closed Mostly Lower; Bitcoin Experienced Massive sell-off
*Dow Jones moved higher mainly due to Boeing’s, the company still has hopes for 737Max *Brexit ball is in the EU court, extension most likely *Gold likely to move above $1,500 Stocks The S&P 500 continued to flirt with the...
Market Brief: Texas Drags, Boeing Surprisingly Lifts, Brexit Drags On
Stock market snapshot as of [23/10/2019 2:03 PM] The Brexit process finally looks like it’s moving again, though new frustrations have almost certainly scotched Boris Johnson’s wish to hit the 31st October deadline and the pound’s rally is beginning to...
Yen Softens as Risk Sentiments Stabilized, in Quiet Trading
The forex markets turns mixed in relatively quiet trading today. Earlier selloff in Asia stocks didn’t carry forward to other markets. Yen turned slightly softer, following Australian Dollar as second weakest. Sterling’s selloff halted and recovers broadly as consolidations continue....
Uzbekistan outlines path to banking sector reform
Uzbek policymakers have announced plans to clean up the balance sheets of the country’s largest banks as part of a drive to restructure and privatize the state-dominated sector. Nearly 30 years after the end of the Soviet Union, publicly owned...
EUR/USD Tests Weekly PP
On Tuesday, the Euro depreciated slightly against the US Dollar. During today’s morning, the EUR/USD was testing the support level formed by the weekly PP at 1.1112. Note that the exchange rate is pressured by the 55– and 100-hour moving...
Markets in Mild Risk Aversion on Political Risks, Sterling Mixed after Brexit Votes
Yen and Swiss Franc rise broadly in Asian session today, followed by Dollar, on mild risk aversion. Traders are seeing some risk of a snap election in UK after the schedule of Brexit deal was voted down. Additionally, political risks...
EUR/GBP Poised For A Rebound After 440 Pips Decline
Short-term technical outlook on EUR/GBP Key Levels (1 to 3 days) – advertisement – Pivot (key support): 0.8615 Resistances: 0.8695 & 0.8790/8810 Next support: 0.8550/8470 (key medium-term pivot) Directional Bias (1 to 3 days) The EUR/GBP cross pair is now...
Asia Morning: Defeated Yet Again
Familiar scenes (of defeat) for Brexit Two significant votes were undertaken in UK Parliament early this morning and needed simple majorities to pass. The first of those was regarding the Withdrawal Agreement Bill, effectively a vote in support of PM...