GBP/USD Looking for a New High to Retest the Upper Side of a Wedge
Pound keeps moving higher as intraday sentiment turned against the US currency as US stocks indexes keep trading at ATH. Technically speaking, cable made only a three wave drop within a corrective channel that found a support at former wave...
Australian Inflation, FOMC Eyed
The Australian dollar has posted modest gains in the Tuesday session. Currently, AUD/USD is trading at 0.7729, up 0.21% on the day. Australia CPI projected to slow Australia releases key inflation data early Wednesday (00:30 GMT). These are the only...
November home prices rose 9.5%, one of the highest gains on record, Case-Shiller says
Real estate broker Rebecca Van Camp places a “Sold” placard on her sign in front of a home in Meridian, Idaho, on Wednesday, Oct. 21, 2020. Darin Oswald | Tribune News Service | Getty Images The surge in home prices...
Fed Meets: A Non-Event or the Start of a Brewing Dilemma?
The Federal Reserve will begin its first policy meeting of the year on Tuesday and will announce its decision on Wednesday at 19:00 GMT. No change is expected in the Fed’s monetary policy settings nor in its vast array of...
WTI Futures Extend Consolidation; Upside Risks Remain
WTI oil futures are pushing slightly higher within a sideways market that has progressed after oil touched a near 11-month high of 53.92. The easing in the incline of the 50-period simple moving average (SMA) and the directionless Ichimoku lines...
Dollar Turns Soft as European Stocks Surge, Sterling and Commodity Currencies Jump
European stocks are trading generally higher today but no equivalent strength is see in the US pre-markets. Investors seemed to be lifted by news that EU, with backing from Germany, is going to introduce restrictions on COVID-19 vaccines over sudden...
Markets will seesaw for months, Invesco’s $1.2 trillion asset manager warns
Invesco chief global market strategist Kristina Hooper sees a volatile dynamic between optimism and pessimism playing out on Wall Street. According to Hooper, it will contribute to seesaw market behavior for months. “We are going to see some pretty significant...
Gold Prices Confined To Friday’s Range
The precious metal is trading subdued with much of price action staying within the range from last Friday. As a result, price action is seen consolidating near the 1850 level of support multiple times. This consolidation could potentially give way...
Euro, Sterling and Swiss Interplay Eyed as Volatility in Stocks and Yields Shrugged
The forex markets are very quiet in Asian session today as consolidative trading continues. The sharp decline in US treasury yields overnight, and the pull back in Asian stocks, triggered little reaction in currencies. Dollar and Yen are the slightly...