USD/CHF Outlook: Swiss Franc Hits The Highest Since Jan 2015 Vs US dollar
The pair extends weakness on Wednesday and dips to the lowest since January 2015, when the Swiss National Bank freed the franc to rise, as news that Democrats move closer to Senate control, added pressure on the US dollar. Strong...
A SoftBank-backed education start-up could be Europe’s first major tech IPO in 2021
Brothers learning at home Vesnaandjic | E+ | Getty Images LONDON — Online education company Kahoot is “on track” to list on the main Norwegian stock market by the end of March, its CEO told CNBC, after a pandemic-driven boom...
Dollar Declines Further, Oil Up on Production Cuts
Dollar’s decline resumed overnight and stays soft in Asian session today. Though, intensity of the selloff remains relatively weak. FOMC minutes is a feature today but that’s unlikely to provide any inspiration for the greenback. Sterling is indeed still the...
Asia Trades Mixed, US Equity FUTs Reversed Gain, US Treasury FUTs Decline
Trade The Newshttp://www.tradethenews.com/ All information provided by Trade The News (a product of Trade The News, Inc. “referred to as TTN hereafter”) is for informational purposes only. Information provided is not meant as investment advice nor is it a recommendation...
Scammers have taken $36 billion in fraudulent unemployment payments from American workers
Tom Williams | CQ-Roll Call, Inc. | Getty Images PUA fraud Most of the theft has focused on Pandemic Unemployment Assistance, a temporary program created by the federal CARES Act in March. It offers unemployment benefits to workers who don’t...
US: Manufacturing Ends the Year on a High Note
TD Bank Financial Grouphttp://www.td.com/economics/ The information contained in this report has been prepared for the information of our customers by TD Bank Financial Group. The information has been drawn from sources believed to be reliable, but the accuracy or completeness...
USD/JPY Outlook: Dollar Expected to Remain in Red Regardless the Outcome of Georgia Senate Run-off
The dollar returned to red on Tuesday after Monday’s long-legged Doji and pressuring new multi-month low at 102.71. Broad dollar’s negative sentiment keeps in play risk for further weakness as bears gained fresh signal on December’s break and close below...
Dollar Weakens in Quiet Markets, But Holding in Range
Dollar weakens again in rather quiet markets today. But there is no committed selling so far, as the greenback is staying inside yesterday’s range. European majors also soften, on lockdown concerns, and shrug of solid German economic data. Commodity currencies...
GBP/USD Outlook: New National Lockdown and Fears of Sub-Zero Rates Could Sideline Larger Bulls
Cable is consolidating after Monday’s 0.62% drop, as bulls were deflated after cracking 1.37 barrier and hitting new 2 ½ year high. Despite bullish expectations, investors were cautious at the start of the year, considering risk of exploding new coronavirus...
Outside Reversals
Readers can relax; this is not another flying story. I am referring to the technical reversal pattern, which in the case of asset classes overnight, refers to financial instrument making a fresh high before closing below the low price traded...
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