Stocks making the biggest moves midday: Snap, Boeing, Alibaba, Lemonade & more
Check out the companies making headlines in midday trading. Ormat Technologies — Shares of the alternative energy company advanced more than 4% after Bank of America initiated coverage on the stock with a buy rating and $96 target, according to...
No Post-Deal Rally for the Pound as Brexit Negotiations Far from Over
Britain and the European Union have just agreed on a post-Brexit relationship – including, of course, on trade – ending more than four years of uncertainty and political drama. However, with negotiators having less than 12 months to strike a...
USDCAD’s Negative Tempo Diminishes; Downside Risks Remain
USDCAD appears to be in the process of finding some footing on the 100-period simple moving average (SMA), after pulling back below the Ichimoku cloud and the 50-period SMA around 1.2818, in the four-hour chart. The strengthening 50-period SMA and...
Euro Surges in Quiet Markets, Yen Dives with Nikkei’s Strong Breakout
Euro’s rally is a focus in rather quiet markets today. Clearance of no-deal Brexit risk was a positive for the common currency. There’s additional boost from rumors that a EU-China investment deal is likely this week. However, we’d like to...
USD/CHF 4H Chart: Decline To Continue
The US Dollar has declined by 2.94% against the Swiss Franc since December 1. The currency pair breached the lower line of a descending channel pattern at 0.8825 on December 8. All things being equal, the exchange rate could continue...
Oil Range Trades, Gold Rises Slightly
Oil’s range-trade continues With liquidity and volumes much reduced this week, oil continued to range trade overnight and through Asia, lacking the momentum to break one way or the other. Brent crude has risen 0.70% today to USD51.25 a barrel....
WTI Crude Oil Could Likely Form A Top
Oil prices maintained their bullish continuation with prices rising in early Monday trading. However, after rising to intraday highs of 48.94, the commodity gave back the gains, forming a lower high. If prices break down below the pivot lows of...
Dollar and Yen Weaken Again on Strong Risk-on Market
Dollar turns softer again in Asian session today as markets are back in full risk on mode. Following the record runs in US, Nikkei is also hitting new 30-year high. Yen is following as second weakest for now. However, risk...
China’s economy is still months away from a full recovery, business survey finds
Containers and trucks at the port of Qingdao, China on February 14, 2019. Reuters BEIJING — China has not fully recovered from the shock of the coronavirus pandemic, business leaders said in a survey by the China Beige Book released...