USDJPY Retreats But Still Holds Within Bollinger Band
USDJPY remains under pressure and risk is still to the downside as prices continue to drift lower after the bounce off the 109.70 resistance level, remaining within the Bollinger bands. The short-term technical indicators are bearish and moving in the...
Market Brief: New Year Cheer Has a Familiar Feel
Stock market snapshot as of [2/1/2020 2:17 pm] Thursday’s stock markets are what it looks like when risk appetite hits the ground running for the first session of the decade. European shares, U.S. stock index futures and Asia-Pacific indices have...
‘First five days’ indicator, which has a good track record at predicting year, off to good start
Traders work on the floor at the New York Stock Exchange, December 9, 2019. Brendan McDermid | Reuters Stocks jumped to a record on the first trading day of 2020, and if the rally extends to the next four sessions,...
Dollar Attempting Recovery Together With Yen, Market in Consolidation Mode
Dollar started the first trading day of 2020 with mild recovery, as the year end selloff seems to have passed the climax temporarily. Though, Yen is currently even stronger. On the other hand, European majors are generally lower for the...
AUDUSD Starts Year In Red After Fresh 6-Month Top
AUDUSD stretched its nine-day rally to a new six-month high of 0.7030 on December 31, penetrating the upward sloping channel to the upside, before pulling slightly lower. The pair rallied very sharply at the end of the previous year, but...
Markets Question SNB’s Credibility By Keeping CHF Strong
Market movers today Both Norway and Sweden are set to release PMI data. Concerning Swedish PMIs, we have seen a decline in both the manufacturing and services indices over the past three months. They are now close to the lowest...
Dollar Soft in Holiday Trading, Sterling Extending Rebound
Dollar remains soft in mixed, quiet market in Asia. Trading is subdued, on holiday mood, with no reaction to Chinese data, nor the surprised PBoC RRR cut. Calendar is light today too, with PMI manufacturing final reading from, Eurozone, UK...
NZD/JPY And AUD/JPY Are Coiling Just Off Their Highs
Assuming we don’t see a repeat of January 2019’s yen flash-crash, we’re looking for these pairs to extend their bullish trends. It was one year tomorrow that JPY pairs exhibited extreme volatility in a low liquidity environment. Given that Japanese...
Livestreaming in China is growing, offering hopes of fame and wealth to ordinary Chinese
Beauty blogger Austin Li Jiaqi speaks with a dog on his lap while livestreaming on the e-commerce platform Taobao on October 26, 2018 in Shanghai, China. The 27-year-old Li, nicknamed “Lipstick Brother,” is the hottest online beauty blogger in China....