AUDUSD Barely Recovers; Looks to Develop Sideways
AUDUSD has adopted a positive trajectory, improving slightly after pivoting at the 0.7055 low. The rising red Tenkan-sen line and the strengthening technical indicators endorse additional positive price action. Yet, the weakened slopes of the simple moving averages (SMAs) and...
Crude Oil: Bulls are Waiting at Lower Levels
It appears that crude oil prices stabilized after that sharp drop at the start of September. Then energy was able to recover close to $42 but move is not that strong, rather slower and choppier; very undecided direction due to...
Markets Optimistic on Stimulus Talks
A tentative start to the week with European stock markets a mixed bag and US futures a little higher on slightly improved hopes of a stimulus deal before the election. There are an unusual number of major risk events occuring...
Dollar Weakens on Renewed Stimulus Hope, Euro Surges
Dollar and Yen are back under notable selling pressure today. US investors are apparently ignoring continuing surge in global coronavirus infections, which broke 40m mark. Instead, there is renewed hope of fresh fiscal stimulus, as House Speaker Nancy Pelosi said...
U.S Futures Rising – Watch COP, CXO, SNAP, HAL, ADM
The S&P 500 Futures are on the upside after they closed mixed on Friday. On Sunday, House Speaker Nancy Pelosi called on the government to reconcile remaining disputes on stimulus legislation within 48 hours in an attempt to pass a...
EURUSD Fails To Improve Bullish Bias, Indicators Are Weak
EURUSD has been in a slightly descending movement after the break below the rising channel in the previous month. Currently, the price is capped by the short-term simple moving averages (SMAs) and the red Tenkan-sen and the blue Kijun-sen lines....
Sentiments Lifted Slightly by Upbeat Chinese Data, But Movements Limited
Commodity currencies follow Asian markets slightly higher today, with support from solid economic data from China. On the other hand, Euro and Swiss Franc are softer on concerns over record coronavirus infections and return to lockdown. Additionally, Euro could face...
Asia Morning: U.S. Stocks Mixed, Tech Shares Still Down
On Friday, U.S. stocks closed mixed. The Dow Jones Industrial Average rebounded 112 points (-0.39%) to 28606, the S&P 500 was flat at 3483, while the Nasdaq 100 sank a further 46 points (-0.39%) to 11852. Dow Jones Industrial Average...
Stock futures rise as traders weigh rising coronavirus cases, U.S. stimulus talks
A passenger wears a protective mask at the Wall Street subway station in New York, on Monday, March 30, 2020. Michael Nagle | Bloomberg via Getty Images U.S. stock futures rose on Sunday night as the number of newly confirmed...
Chaotic Markets With Many Themes Going On
It’s a rather chaotic week with many themes developing. The first October surprise of US President Donald Trump’s coronavirus infects seemed to have fade as he’s back in election campaign. Just as challenger Joe Biden appeared to be widening lead,...
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