USDCAD Edges Marginally Up as Progress Remains Capped
USDCAD has been nicely hovering above the 1.3350 support level but is capped by the 20-day simple moving average (SMA). From a technical perspective, the short-term bias is viewed as positive, reflected by the improvement in the RSI and the stochastic....
EUR/USD Gains Continue after Dismal Week
EUR/USD has recorded gains for a second straight day. In Tuesday’s North American session, EUR/USD is trading at 1.1703, up 0.34% on the day. The pair is looking to recover from a decline of 1.7% last week, marking its worst...
Dollar Drops Further ahead of Trump-Biden Debate
Dollar drops broadly today, partly due to month-end flows, and partly as position adjustment ahead of the first one-on-one Presidential debate between Donald Trump and Joe Biden. Nevertheless, Yen and Canadian Dollar are slightly weaker. On the other hand, Aussie...
Home prices rose 4.8% in July, according to Case-Shiller index
People wait to visit a house for sale in Garden City, Nassau County, New York, the United States, on Sept. 6, 2020. Xinhua News Agency | Getty Images Strong demand from homebuyers in July, coupled with rock-bottom mortgage interest rates,...
XAU/USD Analysis: Trades At 1,880.00
Yesterday, the XAU/USD exchange rate raised to the 1,885.00 level. From the one hand, it is likely that some upside potential could prevail in the market. In this case the exchange rate could face the resistance formed by the 200-hour...
Dollar Soft as Focus Turns to Fed Speakers, But Yen Even Weaker
Asian markets trade with a mixed tone today despite strong rebound in the US overnight. Positive sentiments couldn’t carry through to the session again. Nevertheless, Yen is trading slightly weaker in general, followed by Canadian and Dollar. Aussie and Kiwi...
LTCUSD Turning Bullish
Litecoin is starting to appear more bullish in the near-term after the cryptocurrency recently found strong technical support from the $42.00 area. LTCUSD bulls could now challenge towards the $55.00 area if they are able to move price above the...
Asia Morning: U.S. Stocks Rally Further
On Monday, U.S. stocks continued their rally. The Dow Jones Industrial Average jumped 410 points (+1.51%) to 27584, the S&P 500 rose 53 points (+1.61%) to 3351, and the Nasdaq 100 was up 213 points (+1.91%) to 11364. Nasdaq 100...
Stocks making the biggest moves midday: Snap, Devon Energy, Virgin Galactic, UPS, Chevron & more
Evan Spiegel, co-founder and chief executive officer of Snap Inc., speaks during the New Work Summit in Half Moon Bay, California, U.S., on Monday, Feb. 25, 2019. David Paul Morris | Bloomberg | Getty Images Check out the companies making...
USD/TRY Outlook: Lira Falls to New All-Time Low on Intensifying Conflict in Caucasus
The USDTRY surged to new all-time high at 7.8592 on Monday, as conflict in Caucasus, on Turkey’s border, revived negative sentiment and pushed lira further down. The unexpected action from CBRT last week, when the central bank increased interest rate...
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