USDJPY Vulnerable, Extends Weakness
USDJPY looks to move further lower after selling off on Wednesday. On the downside, support comes in at 105.00 level. Below this level will turn attention to the 104.50 level. Further down, support is seen at the 104.00 level. A...
Oil Remains Under Pressure, Gold Holding On
Oil holds firm around $40 Oil prices recovered slightly on Tuesday but are under a little pressure again today. Under the circumstances, it’s perhaps surprising they’re being as resilient as they are given that much of last week’s rally was...
EURGBP Declines Steeply in Short-Term; Holds in Descending Channel
EURGBP has lost significant ground over the last 4-hour session, finding resistance at the lower surface of the Ichimoku cloud. The price has been developing within a descending channel since September 15 and the RSI is confirming this negative bias as it is...
Sterling Powers Up after Initial Dip, Dollar Recovery Fades
Sterling had a roller coaster ride today, dropped notably on concerns over the deadlock in Brexit negotiations. Though, it then rebounded on talks that UK is still going to engage in talks after its self imposed mid-October deadline. Additional the...
Stocks making the biggest moves premarket: Bank of America, UnitedHealth, Goldman Sachs
Check out the companies making headlines before the bell: Bank of America (BAC) – The bank beat estimates by 2 cents with quarterly earnings of 51 cents per share, though revenue was slightly below Wall Street forecasts. The bank set...
GBP/USD Pair Started A Fresh Decline And Traded Below 1.3020
The British Pound struggled to gain momentum above the 1.3075 resistance zone against the US Dollar. The GBP/USD pair started a fresh decline and traded below the 1.3020 support. The decline gained pace below the 1.3000 support, the 50 hourly...
US Stock Halts Rally As COVID Vaccine & Treatment Trials Temporarily Suspended
Wall Street took a pause on Tuesday after four straight bullish sessions. Investors are worried that J&J’s vaccine trial halt would delay the introduction of a coronavirus vaccine. Meanwhile, negotiations over further stimulus went in sleep mode. Still, tech stocks...
Dollar Struggling to Extend Rebound in Indecisive Markets
The markets are overall indecisive or the moment. US indices retreated mildly just ahead of record highs overnight. Mild softness is carried forward to Asian session. G20 finance leaders are seeing a less negative outlook for the global economy. Yet,...
Stocks making the biggest moves midday: Disney, Ethan Allen, BlackRock, JPMorgan and more
The Disney+ (Plus) logo is seen displayed on a smartphone. Rafael Henrique | LightRocket | Getty Images Check out the companies making headlines in midday trading. Disney — Shares of the media giant advanced more than 4% after the company...
Oil Enjoying Reprieve, Gold Coming Under Pressure
Oil seeing temporary reprieve Oil prices are rebounding on Tuesday, up around 2% after falling for the last two sessions. The gains came following the release of Chinese trade data which showed purchases from the world’s largest importer surged last...
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