Week Ahead – Fed to Stand Pat but BoE Could Cut; US and Eurozone Q4 GDP Eyed
There will be no shortfall of market-moving events in the coming week, with plenty of top-tier data and crucial central bank meetings shaping the agenda. The Federal Reserve will hold its first policy meeting of 2020 but Q4 GDP and...
Euro and Sterling Dip after PMIs, Dollar and Canadian Firmer
European majors are generally weaker today. Stronger than expected UK PMIs add to the case for BoE to stand pat next week. But the Pound shrugs off the data. Euro also receive no particular support from PMIs, which signals that...
GBPCHF Looks Undecided after its Pullback Off the December 2019 High
GBPCHF’s correction from the seven-month high of 1.3307 bounced off the 200-day simple moving average (SMA) and is now confined between the downward sloping 50-day SMA and the flat 20-day one, located at 1.2682, which is the 38.2% Fibonacci retracement...
Stocks making the biggest moves premarket: Intel, American Express, Disney, Broadcom & more
Check out the companies making headlines before the bell: American Express (AXP) – American Express reported quarterly earnings of $2.03 per share, 2 cents a share above estimates. Revenue was slightly above consensus. The financial services giant said revenue growth...
EURNZD In A Slippery Slope, Bears Look At 5-Month Low
EURNZD is holding to losses, slipping beneath the short-term moving averages in the daily timeframe. The strong sell-off day on Thursday is driving the pair towards the five-month low of 1.6615. The MACD is heading lower and is approaching the...
GBP/USD Outlook: Sterling Eases Despite Upbeat UK PMI Data As Traders Collect Profits
Cable jumped to two-week high (1.3174 after release of much better than expected UK PMI data, but gains were short-lived as traders took profits from longs in past four days and sent the pair to session low at 1.3085. The...
EURUSD 1.1020 Support
The euro remains under pressure against the US dollar after breaking key technical support, following Thursday’s ECB policy meeting. Continued weakness under the 1.1060 level could see the EURUSD pair falling towards the 1.1020 support level later today. Overall, the...
EUR/USD Declined To 1.1040
On Thursday, the EUR/USD currency pair tumbled to the 1.1040 level. During today’s morning, the pair was trading at the given level. It is likely that some downside potential could prevail in the market in the short run. Note that...
GBP/USD Squeezed By Moving Averages
Yesterday, the GBP/USD exchange rate traded sideways in the 1.3120 area. During Friday morning, the rate was trading at 1.3100. On the one hand, the currency pair could gain support from the 100– and 200-hour SMAs, currently located circa 1.3050,...
XAU/USD Remains Below 1,568.00
On Thursday, the XAU/USD exchange rate tried to surpass the 1,568.00 level. During today’s morning, the rate was trading at 1,562.00. Note that yellow metal is supported by the 55– and 100-hour moving averages, currently located at 1,559.00. Thus, it...