Equities Jump on Strong US Earnings
Global equity markets were a sea of green on Friday as investors diverted their attention from geopolitical risks and global growth fears to focus on robust US corporate earnings. Asian stocks marched to a seven-week high to close positive following...
WTI Oil Outlook: Oil Edges Higher on Output Disruption Concerns but Key Barriers Still Intact
WTI oil ticked higher on Friday and eventually penetrated thick daily cloud after cloud base capped attempts in past few sessions. Fresh boost for oil price came from political turmoil in Venezuela that raises concerns about potential output disruption. Also,...
USD/JPY Outlook: Pivotal 110 Barrier Is Under Pressure But Resists For Now
The pair maintains positive near-term tone and ticked higher on Friday’s Asian / European trading, holding in the upper part of week-long 109.05/109.99 congestion and pressuring key barrier at 110.00 (psychological resistance reinforced by falling 30SMA. Lack of bullish momentum...
EUR/USD Aims To S2 At 1.1262
During Thursday’s Draghi’s speech, the European Single Currency depreciated against the US Dollar to pass through the support levels of the monthly S1 and the weekly S1 to end the trading session at the 1.3005 mark. Besides, the chart was...
GBP/USD Will Surge To 50.00% Fibo
During yesterday’s midnight hours, the currency exchange rate broke the pattern line at the 1.3100 mark. The breakout meant that the United Kingdom and Ireland would agree not to build an outpost in Northern Ireland. In regards to the near-term...
USD/JPY Surges To 110.00 Level
During Friday’s morning hours, the currency exchange rate was located at the 109.85 mark. In regards to the near-term future, most likely, the rate will keep surging upwards to the 110.00 level. Besides, the 55-hour simple moving average will support...
XAU/USD Is Retraced By 200-Hour SMA
On Friday morning, the yellow metal was trading between the 200-hour and the 55-hour simple moving averages at the 1,283.19 mark. In regards to the near-term future, most likely, the 200-hour simple moving average will retrace the gold to the...
Silver Spot Further Advance
Pivot (invalidation): 15.2700 Our preference Long positions above 15.2700 with targets at 15.4300 & 15.4800 in extension. Alternative scenario Below 15.2700 look for further downside with 15.2200 & 15.1600 as targets. – advertisement –
Comment The RSI advocates for...
Sterling Surges on Irish Backstop Time Limit Rumor, Pressing Key Resistance Against Dollar and Euro
Sterling surges broadly today on rumors that Northern Ireland’s DUP has privately agreed to conditional support to Prime Minister Theresa May’s Brexit deal. The Pound is also the strongest one for the week. While there are still a lot of...
Shutdown at the SEC: what you can and can’t do
These are quiet times at the US Securities and Exchange Commission. Since the shutdown of the country’s government began on December 22, the SEC, like other government agencies, has been operating on a skeleton staff. Of its roughly 4,400 employees,...
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