GBP/CHF 1H Chart: Two Scenarios Likely
The British Pound has been appreciating against the Swiss Franc since the beginning of October when the GBP/CHF currency pair reversed north from the support level—the Fibonacci 23.60% retracement at 1.2210. Given that the exchange rate is supported by the...
EUR/USD Remains Below 1.1170
On Thursday, the EUR/USD currency pair tried to surpass the psychological level at 1.1170. During today’s morning, the pair was testing the weekly R1 at 1.1150. Given that the exchange rate is supported by the 55-hour moving average, it is...
USD/JPY Dropped To 108.00
Yesterday, the USD/JPY currency pair dropped to the support level formed by the monthly PP and the weekly S2 at 108.00. During Friday morning, the pair was testing the given support. If the given support level holds, it is likely...
Country risk: Economics is not the only factor putting Asia in a quandary
Asia is sound, superficially. The region is, after all, one of several showing improvement in Euromoney’s country risk survey this year along with the Caribbean, CIS and sub-Saharan Africa. Among the investor locations analysts have upgraded are Bangladesh, Bhutan, Cambodia,...
USDJPY New Low
The US dollar is coming under increasing pressure against the Japanese yen, with the pair falling to a fresh multi-week trading low. The USDJPY pair risks a deeper decline towards the 107.30 level if the 107.90 support level is broken...
Dollar Soft as Markets Await US Non-Farm Payrolls, Aussie Firmer on Chinese Data
Dollar stays soft in Asian session today as markets await non-farm payrolls and ISM manufacturing data. Yen and Swiss Franc follow as next weakest. On the other hand Aussie and Kiwi are the strongest ones so far, both are lifted...
Euro-Zone’s Economy Grew More-Than-Expected In 3Q 2019
For the 24 hours to 23:00 GMT, the EUR slightly declined against the USD and closed at 1.1152. On the data front, Euro-zone’s seasonally adjusted preliminary gross domestic product (GDP) rose 0.2% on a quarterly basis in 3Q 2019, surpassing...
Stocks making the biggest moves after hours: Pinterest, Beigene, Arista Networks and more
A Pinterest banner hangs on the facade of the New York Stock Exchange (NYSE) in New York City, September 22, 2017 Brendan McDermid | Reuters Check out the companies making headlines after the bell: Shares of Pinterest plummeted 20% after...
Dire financial results bode badly for Uber’s push into payments
Uber’s second-quarter results showed a net loss of to $5.2 billion up from $878 million the year before. On the back of the news in August, its shares plummeted and have remained between $28 and $35 a share – way...
XAU/USD Outlook: Gold Rises as Renewed Trade Uncertainty Prompted Traders into Safe-Havens
Spot gold rallied on fresh safe-haven demand on Thursday, after China expressed doubts about signing any deal with the US that increased uncertainty over ongoing trade conflict. Yellow metal was boosted by dovish Fed on Wednesday which deflated dollar, with...
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