Dollar Firm on Upbeat Fedspeaks, at a Near Term Juncture
Dollar remains firm after some Fed officials’ upbeat talks about the second half but buying appears to be slowing slightly in Asian session. Gold is also setting in range for now, reflecting some hesitation to push the greenback further higher....
Euro Skid Hits 3-Week Low on US Yields
The euro slide has continued on Monday, as EUR/USD has fallen for a third straight day. Currently, EUR/USD is trading at 1.2145, down 0.62% on the day. US dollar flexes muscle The markets have become accustomed to the US dollar...
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)...
Currency Pair of the Week: XAU/USD (Gold)
Markets don’t like uncertainty. When there is uncertainty, investors by gold. Many of the uncertainties that have been surrounding the markets towards the end of the year have been lifted. Joe Biden won the US Presidential election and will become...
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...
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...
Asia Stock Markets Slightly Higher
Equity markets paint a mixed picture Asian markets had a positive start this morning, but those rallies have quickly given most of those gains back after the US said its ambassador to the UN would meet with Taiwan’s President. Another...
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...
Dollar Continues to Rebound, Coronavirus Worries Might be Coming Back
Dollar trades generally higher today as rebound continues. Yen and Swiss Franc are following as the next strongest so far. Commodity currencies are generally lower as led by Australian Dollar. The picture might imply risk aversion but there is no...
JPMorgan and Citigroup join U.S. corporations halting political donations after Capitol riot
Jamie Dimon, chief executive officer of JPMorgan Chase & Co., second left, listens during a House Financial Services Committee hearing in Washington, D.C., U.S., on Wednesday, April 10, 2019. Andrew Harrer | Bloomberg | Getty Images JPMorgan Chase and Citigroup...
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