GBPJPY Holds Within Squeezed Bollinger Band, Lacks Direction
GBPJPY has been moving in a horizontal trajectory over the last week, failing to improve the rebound on the 137.60 support level. The Bollinger band is squeezing, suggesting a neutral bias, and the momentum indicators are flattening. The MACD is...
Markets Turned into Consolidations, Gold Weakness Might Help Dollar
The financial markets generally turned into consolidation for now as vaccine boost faded. Commodity currencies are mildly softer in Asian session, together with Dollar. On the other hand, Swiss Franc and Yen are the firmer ones, together with Sterling. For...
Gold Price Approaching Next Key Break, Dollar Weakens
Key Highlights Gold price is trading above the $1,850 and $1,860 support levels. A major bullish trend line is forming with support near $1,870 on the 4-hours chart of XAU/USD. EUR/USD climbed above 1.1850, and GBP/USD surpassed the 1.3200 resistance....
Ant Group is still capable of securing the world’s biggest IPO, says Chinese investor
Liu Qiang, Vice President of Fosun Technology and Financial Group, Deputy Chairman of Hani Securities, speaks with Arjun Kharpal, Senior Correspondent of CNBC, during Day 1 of CNBC East Tech West at LN Garden Hotel Nansha Guangzhou on November 17,...
Asia Morning: U.S. Stocks Take A Breather
On Tuesday, U.S. stocks took a breather after a recent strong run. The Dow Jones Industrial Average dropped 167 points (-0.56%) to 29783, the S&P 500 fell 17 points (-0.48%) to 3609, and the Nasdaq 100 was down 35 points...
Stocks making the biggest moves midday: Tesla, Walgreens, DraftKings, Square and more
CEO of Tesla Motors Elon Musk reacts following the company’s initial public offering at the NASDAQ market in New York June 29, 2010 Brendan McDermid | Reuters Check out the companies making headlines in midday trading. Tesla — Tesla shares...
Vaccine Optimism Fades Quickly
There’s been plenty to celebrate recently and the stock markets are evidence of this but once again we’re seeing them run out of steam as the Moderna announcement quickly wears off. Not that this is anything to do with the...
Bostic says Fed’s tools still have ‘juice’ and will be used if the economy slows
Atlanta Federal Reserve President Raphael Bostic said the central bank is prepared to step in with more policy help if needed to help businesses and people get through what could be some tough months ahead. Even with the prospects of...
Dollar Recovering as Stocks Digest Gains, But European Majors Stronger
Global stock markets are paring some of yesterday’s strong gain, together with slight pull back in oil price. The development translates into mild weakness in commodity currencies. Yet Dollar is not gaining much for now, as it’s overshadowed by the...
XAU/USD Remains Below 200-Hour SMA
Yesterday, the XAU/USD exchange rate touched the 1,870.00 level. During Tuesday morning, the rate was trading at 1,900.00. From the one hand, it is likely that yellow metal could gain support from the 55– and 200-hour moving averages in the...
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