USD/JPY Reaches 108.00
On Friday morning London trading hours, the USD/JPY reached below the 108.00 level. The event signaled that the decline of the pair can be expected to continue. In that case the next technical support level should be reached. The next...
EUR/USD Drops Below Support
The Thursday squeeze of the EUR/USD resulted in high volatility and a break out to the downside. By the middle of Friday’s trading, the currency exchange rate had dropped below the support levels that are located from 1.1153 to 1.1141....
GBP/USD Continues To Decline
The GBP/USD has continued to decline. By the middle of Friday’s London trading hours, the pair reached the support of the 200-hour simple moving average at 1.3061. In theory, the rate had two possible scenarios. If the 200-hour SMA holds,...
CAD/JPY 4H Chart: Could Edge Lower
The Canadian Dollar has been edging higher in an ascending channel against the Japanese Yen since the beginning of December. The currency pair has surged by 2.81% in value during this period. All things being equal, the exchange rate might...
Big Tech will push deeper into finance this year — but avoid the ‘headache’ of being a bank
The logo for Google Pay displayed on a phone screen. Jakub Porzycki | NurPhoto via Getty Images Big Tech may want to get into banking this year, but it doesn’t want to be your bank. Google plans to introduce consumer...
Middle East Tensions Push Yen, Franc and Oil Higher
Yen and Swiss Franc jump sharply as markets turned from strong risk appetite to risk aversion. Despite record closes in US stocks, Asian markets tumble on fresh geopolitical tensions in Middle East. Oil prices also skyrocket together with gold, while...
Market Morning Briefing: Dollar Index Is Looking Bearish While Below 97
STOCKS Dow has surged but is coming closer to a crucial long-term resistance level of 29000 which can halt the upmove and drag it lower. DAX has to break above 13400 in order to regain bullishness. Shanghai is hovering around...
Market Brief: Stocks Rocket Out Of The Gates To Start 2020 On A Strong Note
DISCLAIMER: The information and opinions in this report are for general information use only and are not intended as an offer or solicitation with respect to the purchase of sale of any currency. All opinions and information contained in this...
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...
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