AUD/USD Breaks 0.7 as Dollar Selloff Extends
Dollar’s selloff continues on the last trading day of the year, while markets are rather mixed elsewhere. Australian Dollar is the strongest one for now, but it’s followed by Japanese Yen. Meanwhile, New Zealand Dollar is the weakest one, followed...
ETHUSD $158.00 Needed
Ethereum is showing signs of price stabilization, following the recent decline in the ETHUSD pair towards the $115.00 support level. ETHUSD buyers need to rally the pair from current levels towards the $158.00 level to create a large bullish reversal...
China Stocks Fall as Manufacturing PMI Firms
The USD was unchanged in the American and Asian sessions. This was after the market received a number of key economic data from the United States. The pending home sales rose by 1.2% in November. This refers to signed contracts...
EUR/USD: Euro Trading a Tad Higher in the Asian Session
For the 24 hours to 23:00 GMT, the EUR declined 0.05% against the USD and closed at 1.1202. In the US, data showed that the Chicago Fed Purchasing Managers’ Index advanced to a level of 48.9 in December, surpassing market...
Pound to $1.3170?
The pound is on the rise for the sixth straight session, extending gains by 0.3% at the start of the week versus both the euro and the dollar, as thin trading volume enhances action in the fx markets. Pound traders...
3 reasons why mergers and acquisitions will slow down in 2020, according to a legal expert
The amount of mergers and acquisitions in 2020 will trail the previous two years, transactions lawyer Michael Nemeroff told CNBC on Monday. “We still think 2020 will be robust, but not quite as robust as 2019 and 2018,” Nemeroff, the...
USDJPY Bulls Lose Battle With Resistance Trendline
USDJPY pushed lower on Monday and back towards the 109.00 level as the strong descending trendline that joins all the lower highs since mid-September 2018 capped upside movements once again. The slowing RSI, which heads towards its 50 neutral mark...
Dollar Stays Weak as Focus Turns to Trade, Swiss Franc Firm
Dollar remains the worst performing one today as focuses turned from geopolitical tensions to trade. Euro is following as the second weakest as earlier rally reverses. On the other hand, buying in New Zealand Dollar picks up, followed by Swiss...
US Open – Record Highs, Dollar Falls, Oil Refuses to Break, Gold Prospers
Light trading is expected today as market participants leave hints that expectations remain in place for US stocks to continue march higher, while the dollar will soften in the New Year. The limited economic releases this week should paint a...
US 500 Index Prints Bearish Shooting Star Candle at Fresh Record High
The US 500 stock index seems to have formed a bearish shooting star candle on Friday in the same day it unlocked a fresh record high of 3,251 and it remains to be seen whether the bears will take the lead in...
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