EURCHF Ranges above Ichimoku Cloud; Positive Signals Grow
EURCHF appears to have found a foothold on the 50-day simple moving average (SMA) and near the bottom of the sideways market. The Ichimoku lines reflect the neutral tone, which has controlled the pair for the last one-and-a-half-months. Nevertheless, a...
Best August in Years
Wall Street Poised For Best August in Decades A rather flat end to an otherwise very good month, with indices from Europe to the US enjoying their best August in many years. There’s been nothing normal about 2020 and this...
Fed’s Clarida says rates won’t rise just because unemployment falls
The Federal Reserve will not raise interest rates just because the unemployment rate is falling, the central bank’s vice chairman, Richard Clarida, said Monday. In a wide-ranging speech that addressed a major policy shift in Fed thinking, Clarida also said...
Yen Softens Further on Yields, Euro to Test Resistance Levels
Yen is trading with an undertone today despite mixed risk markets. Treasury yield is a factor weighing on Yen again, with US 10-year yield staying firm around 0.73 handle. Germany 10-year is also back above -0.4% handle. US stocks open...
Stocks making the biggest moves in the premarket: Honeywell, Amgen, Salesforce, Apple, GE & more
Take a look at some of the biggest movers in the premarket: Honeywell (HON), Amgen (AMGN), Salesforce.com (CRM) – Honeywell, Amgen and Salesforce become members of the Dow Jones Industrial Average as of today, replacing Pfizer (PFE), Exxon Mobil (XOM)...
AUD/USD Pair Traded As High As 0.7381 And It Is Currently Correcting Lower
The Aussie Dollar started a steady rise above the 0.7200 resistance level against the US Dollar. The AUD/USD pair even gained pace after it broke the 0.7280 resistance and pivot zone. The pair traded towards the 0.7400 level on FXOpen...
Dollar Recovery Ends Quickly
Dollar under pressure after brief respite US yields are quickly reversing lower after spiking higher after Mr Powell’s address on Thursday. The reality that inflation is but a distant hope, and that interest rates in the US are going nowhere...
Yen Softens as Nikkei Rebound, Busy Week Ahead
Yen softens mildly in quiet Asian session, accompanied by the rebound in Nikkei, as markets digest Prime Minister Shinzo Abe’s resignation. Dollar is also paring some of last week’s steep losses. But overall, major pairs a crosses are bounded in...
Minefield of risks faces investors in Japan and South Korea
Asian investors may be comforted by the fact China’s economy was brought back to life in the second quarter, after the lockdown-induced collapse in the first months of the year, but the difficulty of managing the region’s risk-return profiles remains....
Ominous trend suggests the S&P 500’s record rally faces trouble, long-time bull Art Hogan warns
It may be time to brace for a pullback. On track for the best August performance since 1986, National Securities’ Art Hogan warns a key technical trend suggests the S&P 500’s record win streak is running into trouble. “We’re overbought...
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