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Day: January 11, 2021

US 500 Index Looks Optimistic Despite Minor Retreat

The US 500 index (Cash) has retracted ever so slightly after stalling around the fresh all-time high of 3,831. Although the Ichimoku lines are revealing the ebbing in positive price action, the bullish demeanour of the simple moving averages (SMAs) is defending the positive structure. The withdrawal in price will have to mature into a …

US 500 Index Looks Optimistic Despite Minor RetreatRead More

Dollar Rises Further, Gold Recovers, Stocks Pare Recent Gains

Dollar’s rebound extends further today and remains firm entering into US session. Yen is following as the second strongest. Markets are paring back recent strong risk-on sentiment, on concern of near term deterioration in coronavirus spread and lockdowns. Commodity currencies are generally weakest for now, as led by Australian Dollar. European majors are mixed, with …

Dollar Rises Further, Gold Recovers, Stocks Pare Recent GainsRead More

Stocks making the biggest moves in the premarket: Twitter, Gilead Sciences, Lululemon & more

Take a look at some of the biggest movers in the premarket: Twitter (TWTR) – Twitter shares are falling sharply in premarket trading after the company permanently suspended President Donald Trump’s account. Twitter said it took the action due to the risk of further incitement of violence. Shares of Twitter were down 6.7% in premarket …

Stocks making the biggest moves in the premarket: Twitter, Gilead Sciences, Lululemon & moreRead More

ETHUSD $1,420 In Focus

Ethereum is testing towards its all-time record high, as the second-largest cryptocurrency continues to build upside momentum above the $1,000 level. Technical analysis highlights that the ETHUSD pair could explode higher if the $1,420 level is breached with conviction. To the downside, a strong pullback from the $1,400 level could cause wide-spread ETHUSD profit taking. …

ETHUSD $1,420 In FocusRead More