Not the Chill We All Crave
Slow start to the week Stock markets are edging higher in a relatively chilled start to the day, as we navigate through the low-tier economic data portion of the week. I say chilled as I sit here in London in...
AUDUSD Seems Ready to Test Uptrend Line
AUDUSD completed a double top formation around the 0.7243 resistance level and dropped beneath the 0.7174 resistance and the 40-period simple moving average (SMA). However, the price found strong support at the 23.6% Fibonacci retracement level of the up leg...
Swiss Franc Weakens While Markets Tread Water
Markets continue to tread water today with little movements. European indices are fluctuating in tight range between gain and loss. US futures point to mildly higher open. In the currency markets, most major pairs and crosses are stuck in side...
Stocks making the biggest moves premarket: Marriott, Eastman Kodak, Twitter, FedEx & more
Check out the companies making headlines before the bell: Marriott – The hotel operator reported an adjusted quarterly loss of 64 cents per share, wider than the 42 cent loss predicted by analysts and the first quarterly loss for Marriott in...
USD Tries To Stabilise, Yet Situation Remains Uncertain
The USD seems about to stabilise after Friday’s gains against some of its counterparts, as the US employment report was a tat bit better than expected. The Non-Farm Payrolls figure was better than expected yet was slashed below half in...
Gold’s Stability May Not Be A Worry Above 2,000-1,939 Zone
Gold finished Friday’s session in the red after pulling slightly below its new record high of 2,079, but overall managed to add another constructive week for the ninth consecutive time. In the daily chart, technical signals remain cautiously bullish. The...
Subdued Trading With Japan and Singapore on Holiday, Dollar Yet to Confirm Rebound
The week starts with a rather subdued tone without much activity. It’s National Day of Singapore while Japan is also on Mountain Day holiday. There is also no further price movements on US-China tensions. Major forex pairs and crosses are...
RBNZ Preview: Expect QE Size Expansion and More Discussion on Negative Rates
We expect RBNZ to leave the OCR unchanged at 0.25% this week. It will likely increase the size of the Large-Scale Asset Purchase (LSAP) Program (QE) to NZD 80-90B from the current NZD 60B. The accompanying statement would contain a...
Fed’s Kashkari advocates six-week economic lockdown to defeat the coronavirus
Neel Kashkari, president of the Minneapolis Federal Reserve, in an interview on February 17, 2016. David Orrell | CNBC The U.S. economy needs an even more stringent shutdown than the last time if it’s going to defeat the coronavirus, Minneapolis...
Dollar Trying For Rebound after Trump’s Combination Move Against CCP
Dollar was under pressure most of the week on risk-on sentiments. NASDAQ gapped higher and marched to new record highs. Nevertheless, the greenback staged a notable comeback after combination move by the US administration against the Chinese Communist Party, with...
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