LTCUSD Bullish against $36.00
Litecoin is starting to struggle with the $40.00 level as the market comes under downside pressure before the weekend. The LTCUSD pair still has strong upside potential while the $36.00 support level continues to hold. Traders that a medium-term bullish...
GBPUSD Still Bearish
The British pound is testing towards the 1.2900 level against the US dollar as the recovery from the 1.2800 support level gathers pace. Bulls need to move price above the 1.3075 level to convince traders that the recent technical correction...
Christmas Keeps Delivering Thanks to US-China Trade Optimism
The Santa rally continued on Wall Street as investors remained optimistic about US-China trade relations in 2020. This followed a statement by a Christmas Eve message from Donald Trump, who said that the ‘deal is done and being translated.’ A...
Asian Indices Trade Generally Higher after US Gains
Asia Market Update: Asian indices trade generally higher after US gains; Hang Seng rises over 1% after return from 2 day holiday; Shanghai rises amid improvement in China’s industrial profits General Trend: Shanghai Composite Industrial index outperforms on industrial profits...
This is how an IPO greenshoe works
It’s nearly the end of the year, so how about an alternative award? Award category: Least-Understood-And-Yet-Easy-To-Understand-Capital-Markets-Thing Winner: The Greenshoe As the recent Aramco IPO has shown yet again, the greenshoe (or over-allotment option, to give it its proper name) still...
Santa Returns to Wall Street to Fight Christmas-Tech
Santa Claus is clearly worried about potential disruptors to his annual gift distribution business from the likes of Amazon and their online ilk. Faced with an onslaught of data that suggests that the Christmas-tech disruptors were on course for a...
Aussie and Kiwi Strong as Stocks Extended Record Runs
Commodity currencies are extending this week’s rallies on strong risk appetite, with US stocks continuing record runs. Solid gains are also seen in oil price and gold. New Zealand and Australian Dollars are set to end as the strongest ones...
Metals and Oil Dragging Commodity Currencies Higher
Gold, Silver, and Oil all moved higher today and as a result brought many of the commodity currencies with them. The Australian Dollar and the New Zealand Dollar are putting in highs vs the US Dollar not seen since late...
China’s corporate borrowing soars and cash flows deteriorate, independent survey shows
Jiangsu Pilot Free Trade Zone Lianyungang Area on November 28, 2019 in Jiangsu Province of China. Wang Chun | VCG | Getty Images China’s fourth-quarter economic growth may have been “the weakest of 2019” — but it still showed an...
Stocks making the biggest moves premarket: Boeing, Amazon, PayPal & more
Check out the companies making headlines before the bell: Boeing – Boeing remains on watch, after new documents reviewed by a congressional panel revealed what’s being called “very disturbing” revelations regarding the grounded 737 Max jet, according to a congressional...
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