EUR/USD Touched 1.1050
On Thursday, the EUR/USD currency pair skyrocketed to the 1.1000 level. During today’s morning, the pair jumped to the 1.1050 mark. From the one hand, it is likely that some upside potential could prevail in the market. In this case...
A Sea Of Red
A sea of red European markets opened with a heavy weight on their collective shoulders Friday after the Dow Jones Index lost 4.4%, building up cumulative losses for this week that are beginning to resemble those in 2008. The FTSE...
EURUSD 1.1060 Target
The euro is building on yesterday’s gains against the US dollar, with the pair now starting to advance above the 1.1000 resistance level. The EURUSD pair could target the 1.1060 resistance area before a meaningful technical correction takes place. Overall,...
USDJPY Approaching 108.40
The US dollar is tumbling lower against the Japanese yen, as financial markets go into full risk-off trading move during the European session. A break under the 108.40 support level exposes further losses in the USDJPY pair towards the 107.50...
Elliott Wave View: Dow Jones Futures (YM_F) Target Lower
Short term Elliott Wave view in Dow Futures (YM_F) suggests the Index ended the cycle up from October 3, 2011 low in wave (III) at 29543 high. The index is correcting that cycle in wave (IV) as a zig-zag. Wave...
COVID-19: How Would Fed Easing Help?
Financial markets have been thrown into a tailspin in recent days on news that the COVID-19 outbreak is spreading beyond China. Market participants fear that the outbreak will lead to slower economic growth in most countries, the United States included,...
Stock Rout Continues, Fed Cut Odds Surged on Coronavirus Pandemic Fears
Risk aversion on fear of Wuhan coronavirus pandemic continues to be the main theme in the financial markets. DOW lost over -1000 pts overnight as it’s suffering one of the worst weeks in history. 10-year and 30-year yield hit new...
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