GBP/USD Tests 55-And 100-Hour SMAS
On Thursday, the GBP/USD exchange rate declined to the 200-hour SMA near 1.3120. During today’s morning, the rate reversed north. It is likely that the currency pair could be pushed down by the 55– and 100-hour moving averages near 1.3200....
US 30 Index Returns Lower After Spike To Record High
The US 30 index posted an aggressive spike towards a fresh all-time high of 30,091.18 on Monday before returning near the previous high of 28,945. Momentum indicators in the daily chart are currently supporting that positive momentum is likely to...
GBPUSD Starting To Recover
The British pound is starting to recover higher against the US dollar currency, following the release of positive news coming Brexit negotiations. A key technical test of the 1.3200 resistance level could take place after sellers failed to move price...
LTCUSD Breakout Looms
Litecoin has broken above the $62.00 resistance level as the popular cryptocurrency starts to build short-term upside momentum. Technical analysis shows that a bullish breakout from a large triangle pattern on the lower time frames is close to taking place....
White House Steps Back From Stimulus Negotiations
Markets quiet on Friday as latest bout of risk aversion fades Equities set to end week barely higher, yen and gold much lower Investors grappling with vaccine hopes vs rising infections White House reportedly stepping back from fiscal talks It’s...
GBPUSD 1.3100 Support
The British pound continues to plunge lower against the US dollar currency, as traders remain nervous over ongoing Brexit negotiations. If the GBPUSD pair fails to reclaim the 1.3200 level, the downside pressure is expected to remain over the short-term....
Yen Recovers Further as Stocks Pull Back Continues
Commodity currencies turn softer today, following pull back in stocks. On the other hand, Yen, Swiss Franc and Dollar are gaining some grounds. Euro and Sterling are mixed on the sideline. Over the week, Kiwi remains the strongest one, followed...
Stock futures are flat as traders weigh virus resurgence and its impact on the economy
U.S. stock futures were flat on Thursday night as Wall Street continues to grapple with the rising number of coronavirus cases and its potential economic impact. Dow Jones Industrial Average futures traded 32 points higher, or 0.1%. S&P 500 futures...
Here are the things that scare Jerome Powell the most about the economy right now
Federal Reserve Chairman Jerome Powell said Thursday he worries about women, children and business owners who face long-term consequences from the coronavirus pandemic. Asked to name his chief concerns as the world tries to recover from the Covid-19 crisis, Powell...
US: Inflation Pressures Cooled in October
The information contained in this report has been prepared for the information of our customers by TD Bank Financial Group. The information has been drawn from sources believed to be reliable, but the accuracy or completeness of the information is...
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