AUD/CHF 4H Chart: Bears Could Prevail
The AUD/CHF exchange rate has been trading within a descending triangle pattern since the end of August. Given that the currency pair is pressured by the 55– and 100-period moving averages near 0.6570, it is likely that a breakout south...
AUD/CAD 4H Chart: Falling Wedge Pattern In Sight
The AUD/CAD currency pair has been trading downwards within a falling wedge pattern since the beginning of September. From a theoretical point of view, it is likely that the exchange rate could continue to decline within the predetermined pattern in...
EUR/USD Could Trade Upwards
Yesterday, the EUR/USD currency pair re-tested the lower line of the short-term ascending channel. From a theoretical point of view, it is likely that some upside potential could prevail in the market, and the exchange rate could re-test the upper...
NZD/JPY 4H Chart: Breakout Could Occur
The New Zealand Dollar has surged by 168 pips or 2.44% against the Japanese Yen since September 24. The currency pair tested the 200– period simple moving average at 70.32 on October 6. Currently, the exchange rate is trading near...
UK economy grew 2.1% in August, below analyst expectations, as recovery from the coronavirus pandemic slows
The White Lion pub seen at the Covent Garden. UK Covid-19 cases are now doubling every seven to eight days, Prime Minister Boris Johnson is considering national restrictions for a short period to “short-circuit” the virus. SOPA Images | LightRocket...
Canadian Dollar Surges With Oil Price, Job Data Eyed
Canadian Dollar surged broadly overnight, following the strong rally in oil prices, partly due to strike in Norway which affect as much as one million barrels a day of crud oil production. The Loonie is also the strongest one for...
ECB Minutes Tilted to Dovish Side
The message sent from the ECB minutes came in more dovish that the meeting statement released a few weeks ago. Policymakers were concerned about the inflation outlook more than previously expected. Despite upward revisions to the economic projections, the members...
Asia Morning: U.S. Stocks Rise As Stimulus Tug-Of-War Continues
On Thursday, U.S. stocks posted further gains. The Dow Jones Industrial Average rose 122 points (+0.43%) to 28425, the S&P 500 climbed 27 points (+0.80%) to 3446, and the Nasdaq 100 was up 47 points (+0.42%) to 11550. S&P 500...
Years of low interest rates made the current economic crisis worse, Fed’s Rosengren says
The Federal Reserve Bank of Boston’s President and CEO Eric S. Rosengren Keith Bedford | Reuters Years of low interest rates led to excessive risk taking in commercial real estate and will make the current economic downturn even more severe,...
Jobless claims were worse than expected amid slowdown in hiring
First-time claims for unemployment benefits totaled 840,000 last week, higher than expected in another sign that the spike in job growth over the summer has cooled heading into Election Day. Economists surveyed by Dow Jones had been expecting 825,000 new...
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