Yen and Swiss Franc Rise as Sentiments Weighed Down by Weak Data
Yen and Swiss Franc are trading stronger together with Dollar today, as stock markets are pulling back slightly. On the other hand, New Zealand Dollar is leading other commodity currencies lower. US President-elect Joe Biden’s new spending package was generally...
NZDUSD’s Uptrend Under Negative Pressure
NZDUSD has retreated from the recent 32½-month high of 0.7314 and is consolidating around the gradually rising 100-period simple moving average (SMA), which for the last week has curbed further deterioration under the 0.7152 trough. The steady upwards creeping 100-...
GBP/USD Is Putting Strong Pressure On Support At 1.3631. Below, There Is Resistance At 1.3578
Cable edged lower in European trading on Friday but remains resilient as less steep than expected fall in UK GDP partially compensates negative impact from lockdowns on raging coronavirus and Brexit. Bulls probed again through 1.37 and posted marginally higher...
Citigroup is set to report fourth-quarter earnings – here’s what the Street expects
Jane Fraser, chief executive officer for Latin American at Citigroup Inc., speaks during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, April 29, 2019. Kyle Grillot | Bloomberg via Getty Images Citigroup is scheduled to report...
US 30 Stock Index Looks For A Make-Or-Break Point
The US 30 index (cash) is nosing around for fresh bullish traction near the four-month old restrictive line at 30,800 after topping twice around its new record high of 32,252. A clear close below that floor, where the surface of...
EUR/GBP Outlook: Bears Pressure Key Support And Look For Strong Signal On Close Below Weekly Cloud Base
Bears are taking a breather above new multi-week low at 0.8865 (the lowest since Nov 11) following a steep fall in past six days. The Euro lost traction and was additionally pressured by political crisis in Italy, while sterling remains...
EUR/USD Bearish Zigzag Pattern Has Target At 1.20
EUR/USD is breaching the 144 ema support zone. This indicates bearish pressure. A breakout could confirm the decline in wave C (pink). The EUR/USD needs to push below the support trend line (green). This confirms the bearish break and ABC...
NZD/CAD 4H Chart: Decline Likely To Continue
The New Zealand Dollar has declined by 141 pips or 1.52% against the Canadian Dollar since January 6. The currency pair breached the 50-, 100– and 200– period SMAs during this period. All things being equal, the exchange rate is...
Muted Reaction To $1.9Tn Stimulus
Biden’s long-awaited announcement prompts risk-off. Markets wary of hikes to corporate taxes, minimum wage. Fed’s continued support to limit Gold’s downside. Asian stocks are mixed while US futures are pushing lower, even after US President-elect Joe Biden unveiled his $1.9...
Euro Stays Weak, More Downside Before Weekly Close
The forex markets are generally staying in tight range in Asian session today. Dollar is mildly higher even though Fed chair Jerome Powell further talked down stimulus removal. Yen is also strengthening while commodity currencies turn slightly softer. For the...
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