US 500 Index Gaps Higher; Holds ATH in its Scope
The US 500 index (Cash) gapped above the 50-period simple moving average (SMA) today re-establishing a positive bearing towards the upper Bollinger band, near the recent all-time high of 3,715. The dictating bullish bearing in the SMAs remains robust even...
Pound Rebounds on Brexit Optimism
The British pound is flying in the Monday session. GBP/USD is currently trading at 1.3368, up 1.14% on the day. In the European session, the pound climbed as high as 1.3445, before retreating back below the 1.34 level. Brexit causing sterling...
Dollar Breaking Down as Stocks Surge on Vaccines, Sterling Jumps on Brexit Optimism
The global markets are quickly back in risk-on mode today. DOW future is back above 30k handle, as coronavirus vaccine rollout began. There seems to be some progress in the US Congress for fresh fiscal stimulus too. Dollar is under...
More and More Risks Appear Around Pound
December 13th was the deadline for the negotiations between British and European politicians about the conditions of the United Kingdom’s exiting the European Union. However, no decisions have been made and there is no extra time to make them. There...
EUR/USD Holding Support, GBP/USD Starts Fresh Decrease
Key Highlights EUR/USD remained well supported above 1.2050 and 1.2080. It is facing a strong resistance near the 1.2160 and 1.2175 levels. GBP/USD failed to extend gains and declined sharply below 1.3300. Crude oil price rallied above $47.50 before correcting...
Will A Brexit Breakthrough Ever Come?
Brexit talks failed to deliver a breakthrough on Sunday, but both the UK and EU have agreed to continue negotiations ahead of December 31. No progress has been made on the major sticking points, but the extension provides hope that...
Sterling Gaps Up as Brexit Talks Go an Extra Mile, But Upside Capped
Sterling opens broadly higher as Brexit trade negotiation is extending through the Sunday deadline. The Pound is taking Euro and Swiss Franc slightly higher today. Nevertheless, it should be noted that no important resistance level is broken by Sterling. Traders...
FOMC Preview – Fed to Update Forward Guidance on QE
At the last meeting of the year, we expect the Fed to be more cautious about the near-term outlook, while more optimistic over the longer-term. The focus of the meeting will be on the adjustment of the forward guidance about...
Dow futures rise 150 points, stocks attempt to bounce back from losing week
Traders work on the floor of the New York Stock Exchange. NYSE U.S. stock futures moved higher in overnight trading on Sunday as markets indicated a rebound from a losing week. Investors are weighing updates on the Covid-19 vaccine rollout...
How sports cards became a multi-million dollar alternative investment
Packs of 2019 Topps cards spread out across a table. Sam Rega Interest in collecting and values have seen a steady uptick for the last decade with prices really starting to rise at quicker rate somewhere around 2016 or 2017....
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