USD/JPY Could Go Downwards
Since Thursday, the USD/JPY currency pair has been trading sideways near the 103.80 mark. It is likely that some downside potential could prevail in the market as the exchange rate is pressured by the 55-hour moving average near 108.90. Note...
US Recovers On Stimulus Optimism, But Futures Drop On Friday
US equities partially recovered on Thursday, after tumbling over 1% in the previous session. Investors reacted positively to the new stimulus hopes, which offset the worries over tighter restrictions and layoffs related to the surging coronavirus infection rates. Senate Minority...
LTCUSD $80.00 Hit
Litecoin has rallied towards the $80.00 level as the breakout rally in the increasingly popular cryptocurrency shows few signs of stopping. Technical analysis highlights that the LTCUSD pair could trade towards the $90.00 level, following a multi-year trendline breakout. Traders...
Consolidations Continue in Mixed Markets, Dollar Downside Breakout in Favor
Consolidation trading continues with US stocks closing mildly higher overnight while Asian markets are mixed. Gold also lost some downside momentum just ahead of 1850 key support level. In the forex markets, range trading continues in general with Aussie and...
Mnuchin decision cuts Fed lending power, but sources say emergency programs can be revived
U.S. Treasury Secretary Steven Mnuchin and Federal Reserve Chair Jerome Powell share an elbow bump greeting prior to testifying before a House Financial Services Committee hearing on oversight of the Treasury Department’s and Federal Reserve’s coronavirus disease (COVID-19) pandemic response...
October existing home sales see ‘spectacular’ 26.6% annual gain even with short supply and surging prices
Sales of existing homes in October soared well past expectations, rising 4.3% compared with September and 26.6% annually to a seasonally adjusted annualized rate of 6.85 million units, according to the National Association of Realtors. The NAR’s chief economist, Lawrence...
John Malone says platforms like Apple, Amazon and Roku will dominate streaming
John Malone chairman of Liberty Media Michael Kovac | Getty Images | Vanity Fair) Liberty Media Chairman John Malone told CNBC that Amazon, Apple or Roku could dominate in the crowded streaming space given their ability to scale globally. “I think these...
Jobless claims filings pick up amid continued struggles for labor market
The pace of workers filing for unemployment claims picked up last week and was a bit higher than Wall Street had been expecting. Jobless claims totaled 742,000 for the week, the Labor Department reported Thursday, ahead of the 710,000 estimate...
EURAUD Challenges 23.6% Fibo Near 1.6300
EURAUD is testing again the strong resistance around the 23.6% Fibonacci retracement level of the down leg from 1.6825 to 1.6143 at 1.6305, remaining at the same time inside the Ichimoku cloud. The MACD oscillator is flattening near the zero level, while the RSI,...
Aussie Dips Despite Sharp Job Data
The Australian dollar has dipped lower in the Thursday session. Currently, AUD/USD is trading at 0.7268, down 0.50% on the day. Sparkling job numbers, but Aussie falls There was excellent news on the employment front in October, as the economy...
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