Stocks making the biggest moves in the premarket: Netflix, BlackRock, Microsoft, Lyft & more
Take a look at some of the biggest movers in the premarket: Netflix (NFLX) – The video streaming service saw its bottom line fall 22 cents a share below Wall Street forecasts with quarterly profit of $1.59 per share. Revenue...
EUR/USD Outlook: The Euro Stands At The Front Foot Ahead Of Key EU Summit Decision
The Euro regained traction and probes again above former high at 1.1422 on Friday, following strong upside rejections and failures to close above 1.1422 barrier. The action in past two days left daily candles with long upper shadows that could...
EUR/USD Tests 100-Hour SMA
On Thursday, the EUR/USD currency pair declined to the support provided by the 100-hour SMA near 1.1380. During today’s morning, the pair was testing the given support. Given that the exchange rate is pressured by the 55-hour SMA and the...
GBP/USD Pressured BY Moving Averages
Yesterday, the GBP/USD exchange rate tried to exceed the 1.2620 level. During Friday morning, the rate was trading at 1.2560. It is likely that some downside potential could prevail in the market as the currency pair is pressured by the...
USD/JPY Tests Support
On Thursday, the USD/JPY currency pair broke the upper line of a newly revealed falling wedge pattern. During today’s morning, the pair was testing the support formed by the 55– and 100-hour SMAs, as well the weekly PP in the...
XAU/USD Tests 200-Hour SMA
Yesterday, the XAU/USD exchange rate declined to the 1,795.00 level. During Friday morning, the rate reversed north. Given that yellow metal is pressured by the 200-hour moving average near 1,802.00, it is likely that a reversal south could occur, and...
ECB Keeps Interest Rates On Hold
For the 24 hours to 23:00 GMT, the EUR declined 0.27% against the USD and closed at 1.1384. On the macro front, Euro-zone’s trade surplus widened to £8.0 billion in May, amid easing of coronavirus-led lockdown restrictions and compared to...
Dollar Mixed in Subdued Trading, With Prospect of Recovery Before Close
The forex markets are generally stuck inside yesterday’s range in subdued trading today. Chinese stocks attempted a recovery at the start of the session, but quickly turned into red again, continuing with Thursday’s mini-crash. Other Asian markets are mixed though,...
ECB: Lagarde Reiterated to Use All EUR 1.35 trillion of Emergency Purchases to Lift Inflation
ECB at the July meeting maintained all the monetary policy measures unchanged. President Christine Lagarde acknowledged the encouraging economic recovery in May and June. She also suggested that the rebound will continue into 3Q20, as supported by monetary and fiscal...
Market Morning Briefing: Euro Dipped Below 1.14
STOCKS Equities look mixed. The immediate resistances on the Dow and Nikkei are holding well but at the same time the market seems not wanting to take profit off the table here itself. Both the Dow and Nikkie can dip...
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