GER 30 Index Reactivates Long-Term Uptrend, Eyes Record High
The German 30 stock index opened positive this week after hitting support at 12,946, which is where the price bottomed in December and peaked in October. The bulls are currently pushing efforts to extend the uptrend off 10,276 towards the...
Dollar Rises as Iran Risks Fade, Yen and Franc Soften
Yen and Swiss Franc weakened notably as imminent US-Iran war receded. Canadian Dollar also turned slightly softer as oil prices reversed this week’s gains. Dollar is currently trying to ride on the development to extend recent rebound. But the real...
Asia’s Morning: Gone In 60 Seconds
And as quickly as it began, the latest Middle East crisis was over it appears. President Trump announced that no further action was to be forthcoming from the United States as Iran’s missiles caused no casualties in yesterdays attack. Iran,...
Market Morning Briefing: Pound Continues To Trade Above 1.30
STOCKS A strong bounce in the equities all over. The US-Iran tensions fading out after both the countries toned-down their voices and indicating not to escalate the situation has given a breather to the market. Dow has bounced-back sharply but...
JP Morgan tells wealthy clients a ‘progressive overhaul’ of economy is one of 2020’s biggest risks
Democratic presidential candidate Sen. Bernie Sanders (D-VT) speaks during a campaign event at NOAH’s Events Venue on December 30, 2019 in West Des Moines, Iowa. Joe Raedle | Getty Images J.P. Morgan’s private bank, which manages $2.2 trillion for wealthy...
Stocks making the biggest moves after hours: Bed Bath & Beyond, Chico’s and Tufin Software
Shoppers enter a building housing a Bed Bath & Beyond Inc. store in New York. Mark Kauzlarich | Bloomberg | Getty Images Take a look at the companies making headlines after the bell. Bed Bath and Beyond shares tumbled more...
XAU/USD Outlook: Surge to New High and Quick Pullback Suggest that Larger Bulls May Take a Breather
Spot gold price spiked to new seven-year high at $1611 in Asia on Wednesday after Iran’s rocket attack sparked strong risk safe-haven buying in the market, but gains were short-lived as situation stabilized after America’s mild reaction. Renewed risk appetite...
Crude Oil Falls Sharply after Iran Attack Spike
After spiking again on the back of the Iran’s retaliatory attacks on air bases housing US forces in Iraq, gold and oil prices have now turned to their levels from the day before, while stock index futures have also more...
Private payroll growth surges in December to end 2019 strong, ADP says
Recruiters and job seekers are seen at a job fair. Rick Wilking | Reuters Private payroll growth ended 2019 on a strong note, with companies adding 202,000 positions in December in another sign of a healthy labor market, according to...
Dollar Rebounds on Lesser Iran Risks and Strong Job Data
Dollar rebounds strongly as risk of imminent escalation in US-Iran tensions seem to have eased. It’s reported there was no casualties caused by Iran’s retaliation strikes against US forces in Iraq. The greenback is additionally supported by strong ADP employment...
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