AUDJPY Set for Golden Cross in Upward Sloping Channel
AUDJPY continues to post higher peaks and higher troughs within an upward sloping channel since late August, which keeps the broader outlook positive. Moreover, the 50-day simple moving average (SMA) looks ready to cross above the 200-day one soon, which...
All Eyes On The US Employment Report…
Today during the American session (13:30, GMT) we get the US employment report for December and traders tend to zoom into the release. The forecasts are for the unemployment rate to remain unchanged at 3.5%, the average earnings growth rate...
EUR/USD Outlook: The Pair Gained Bearish Momentum Breaking The 1.1130 Support
The Euro started a steady decline from well above the 1.1160 support area against the US Dollar. The EUR/USD pair gained bearish momentum and even broke the 1.1130 support area. Besides, there was a close below 1.1120 and the 50...
EUR/USD Outlook: The Euro Holds In Red Ahead Of Key US Jobs Report
The Euro remains firmly in red on Friday and extends weakness after Thursday’s long-legged Doji signaled bears were pausing. The pair is on track for the worst week since early November as dollar benefited from recent geopolitical turmoil in both...
EURUSD Key Payroll Levels
The euro is trading in a tight range against the US dollar ahead of the release of the Non-farm payrolls monthly job report from the US economy. A strong jobs number could see the EURUSD pair falling towards the 1.1020...
USDJPY Range Break Possible
The US dollar is still moving higher against the Japanese yen currency, with bulls targeting a major breakout above the 109.70 level. A strong US jobs number today could see the USDJPY pair breaking the 110.00 resistance level and targeting...
European stocks inch higher as global markets rally on easing US-Iran tensions
European stocks traded cautiously higher on Friday as world markets rally on the back of easing tensions in the Middle East. The pan-European Stoxx 600 inched up 0.1% during morning trade, with travel and leisure stocks surging 1.7% while banking...
Dollar Supported by Fedspeaks, Awaits NFP for Next Move
Markets are somewhat staying in risk on mode with US stock indices making new record highs overnight. But upside momentum in Asia markets is relatively weak. Australian and New Zealand Dollars are mildly firmer today, paring some of this week’s...
USD/JPY Signaling Bullish Continuation Above 109.50
Key Highlights USD/JPY recovered sharply and climbed above the 109.00 resistance area. The current trend is positive, suggesting more gains if the pair surpasses 109.70. The US Initial Jobless Claims for the week ending Jan 04, 2020 declined from 223K...
Nearly all corporate CFOs say the economy is going to slow and the stock market is overvalued
Chief financial officers at big U.S. companies entered 2020 on a cautious note, with almost all anticipating an economic slowdown against the backdrop of an overvalued stock market, according to a survey released Thursday. The Deloitte CFO Signals Survey showed...
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