Market Morning Briefing: EURJPY Fell From 126.75 But While Above 126
STOCKS Dow seems to lack momentum to breach the immediate resistance. As cautioned yesterday, inability to surpass the immediate resistance can trigger a sharp corrective fall in the Dow. DAX remains higher and have room to move up further. The...
Special country risk survey: Lebanon on the ropes after Beirut explosion
The destroyed port in Beirut The impromptu special survey shows Lebanon’s total risk score downgraded further to less than 22 points out of a maximum 100, pushing the country deeper into the lowest of the five tiers containing the world’s...
40% of companies discussed diversity on earnings calls, up from 4% in prior quarter, new data shows
Tito Garcia, of New England United for Justice, holds a sign during a rally at Vertex Pharmaceuticals in the Seaport District of Boston, MA on July 14, 2020. Craig F. Walker | Boston Globe | Getty Images Corporate America is...
The Recovery Continues, Claims Dip Below 1 Million
The recovery continues, claims dip below 1 million, Oil softens, UAE/Israel historic deal, Gold’s tentative rebound US stocks edged closer to record high territory after jobless claims fell below the 1 million level for the first time since March and...
AUDUSD Bulls Flirt with Long-Term SMA after Two Years
AUDUSD has been flirting with the 200-weekly simple moving average (SMA) around 0.7240 for the past fortnight while struggling to surpass the 61.8% Fibonacci of the 0.8135-0.5701 downtrend at the same time. The last time the price touched the long-term SMA was...
Dollar Shrugs Jobless Claims, Yen Selloff Accelerates
Dollar continues to trade with a soft tone despite better than expected jobless claims data. The decline in claims data is seen more as a result of expiration USD 600 a week supplemental federal benefits, rather than the improvement in...
US Futures Consolidating – Watch CSCO, LYFT, MU
The S&P 500 Futures consolidate after they posted a strong rebound yesterday with tech shares gaining the most. Official data showed that U.S. Core Consumer Prices rose 0.6% on month in July, the largest gain since 1991. Later today, the U.S....
EURUSD Uptrend Edges Sideways, Upside Risks Remain
EURUSD appears to have consolidated its advancements between 1.1695 and 1.1915, despite existing positive signals. In the meantime, the price is engaging the Ichimoku clouds upper band at 1.1842, while the 50-period simple moving average (SMA), the cloud and Ichimoku...
Euro Higher in Consolidative Markets, Yet to Break Resistance Against Dollar
European majors turn slightly stronger today, in mixed markets. Euro appears to be supported by news that US is refraining from tariffs hikes on Airbus subsidies retaliation. Though, except versus Yen, Euro’s strength is not too convincing yet. Dollar turns...
Silver Intraday: Downside Correction Not Yet Done?
Spot silver plummeted nearly 15% on Tuesday and despite a 2.9% rebound yesterday, it becomes more clear that investors are taking profit as price had nearly tripled from March’s low. DoubleLine Capital CEO Gundlach, the “bond king”, said even he...
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