Siemens Reversal Patterns Appear But Support And Uptrend Indicate Buys
The company Siemens (SIEG) is in a strong uptrend like many other stocks. But the price action in August was calm and sideways. Reversal chart patterns also started to appear. What is the next expected price swing based on the...
Aussie and Kiwi Down on Easing Expectations, Dollar and Yen Firm
Commodity currencies tumble generally in Asian session today. New Zealand Dollar softens as RBNZ further affirm that it’s in progress for more monetary easing, including negative interest rates. Aussie also tumble on increasing expectation of on imminent RBA rate cut...
SNB Preview : FX Intervention the Key Monetary Policy Tool to Curb CHF’s Strength
We expect SNB to leave the policy rate unchanged at -0.75%. While it does not rule out the possibility of further rate cut, the central bank’s main tool is FX intervention to curb excessive strength in Swiss franc. Economic contraction...
China’s online shopping growth stalls — a sign of slow economic recovery
A couple wearing protective facemasks as a prevention measure against the COVID-19 coronavirus walk at a nearly empty shopping mall in Beijing on February 27, 2020. Nicolas Asfouri | AFP | Getty Images BEIJING — Chinese fervor for online shopping waned...
Existing home sales jump to 14-year high, as prices set another record
A home for sale is seen in Santa Monica, California. Lucy Nicholson | Reuters After a record-setting July, the housing market still shows no sign of cooling off. Sales of existing homes rose 2.4% to a seasonally adjusted annualized rate...
EUR/USD Outlook: Bears Crack Pivotal 1.1700 Support Zone, Risk of Stronger Bearish Acceleration on Firm Break
The Euro holds in red for the third straight day after failing to benefit from recent risk sentiment. Fresh risk aversion on rising fears about the second wave of coronavirus and restrictions that governments plan to impose, pushed the single...
USD/CAD Climbs to 6-Week High
USD/CAD has leveled off on Tuesday, after starting the week with strong gains. In the North American session, the pair is trading at 1.3309, up 0.03% on the day. Earlier in the day, USD/CAD touched a high of 1.3345, its...
NZD/USD Steady ahead of RBNZ Announcement
The New Zealand dollar is steady in Tuesday trade. Early in the North American session, NZD/USD is trading at 0.6670, up 0.05% on the day. The US dollar started the week with broad gains, and NZD/USD declined by 1.2% on...
Dollar Awaits Fuel for Committed Rally, Stocks Consolidate Losses
The overall markets are relatively steady today. Dollar attempted for a brief rally in early European session. But it quickly retreated together with mild recovery in stocks. Though, there seems to be no committed buying in the equities market yet,...
GER 30 Index Records Worst Day Since June, Structure Remains Unchanged
The German 30 stock index (cash) crashed by almost 4% on Monday, recording its worst daily session since June. The index tumbled below its 20- and 50-day simple moving averages (SMA), which have been curbing downside corrections from early August,...
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