XAU/USD Trades At 1,565.00
Yesterday, the XAU/USD exchange rate raised to the 1,620.00 level. During Friday morning, the rate jumped to the 1,635.00 mark. It is likely that yellow metal could gain support of the monthly R1 at 1,628.78 and continue to extend gains...
XAU/USD Outlook: Gold Extends Advance To New Highest Level Since 2009
Spot gold posted new seven-year high on Friday, in extension of strong six-day advance from $1561 higher base. Persisting fears about coronavirus spreading beyond China and negative impact on global economy, maintain strong safe-haven demand and keep gold price well-supported....
CHI 50 Index Faces Strong Resistance At 50- And 100-Day SMAs
CHI 50 index is capped by the 50- and 100-day simple moving averages (SMAs) and the Ichimoku cloud after the upside recovery from the 12,528 support level. The short-term upside tendency is confirmed by the technical indicators. The MACD is...
Markets Worried as Coronavirus Outbreak Widens, Aussie Decline Continues
Market moods turned sour again today as outbreak of the coronavirus seems to be getting more serious outside China. In particular, South Korea cases surged by 52 to 156. In China, there were 889 new confirmed cases yesterday, with total...
More Pressure For The Aussie On Risk Aversion
The shift in risk appetite overnight, caused by a jump in new CoVid-19 cases outside of China, piled more pressure on the beleaguered Aussie. Weak local data added to the downforce, pressing AUD/USD to the lowest levels in 11 years....
USD/JPY Rallies Above 112, Weekly Chart Signaling Crucial Bullish Break
Key Highlights USD/JPY rallied recently above the 111.00 and 112.00 resistance levels. A crucial bearish trend line was breached at 110.05 on the weekly chart. The US Initial Jobless Claims for the week ending Feb 15, 2020 increased from 206K...
Stocks making the biggest moves after hours: First Solar, Dropbox, Fitbit and more
A contractor for First Solar Inc. works on construction of the Tenaska Imperial Solar Energy Center South project in Imperial County, California. Sam Hodgson | Bloomberg | Getty Images Check out the companies making headlines after the bell: Dropbox —...
DP World delisting is a blow to UAE markets
For a country that is taking great pains to improve liquidity in its equity markets, endorsing a buyback of Nasdaq Dubai’s most liquid stock seems an odd move. On Monday, DP World and its majority owner Port and Free Zone...
Goldman Sachs decided to pass on E-Trade before Morgan Stanley snatched it up, sources say
Goldman Sachs had plenty of chances to make an offer for discount brokerage E-Trade before rival Morgan Stanley made its $13 billion move, but the bank didn’t throw its hat in the ring, according to people with knowledge of the...
America’s manufacturing recession looks like it could be over
A contraction in U.S. manufacturing spurred by the trade battle with China and slowing global growth may have reached an end already, if two key business surveys hold up. Production at American facilities fell in the second half of 2019...
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