AUD/USD Rallies Above 0.7900, Dollar Struggle Continues
Key Highlights AUD/USD climbed higher above the 0.7850 and 0.7900 resistance levels. It broke a major ascending channel with resistance at 0.7860 on the 4-hours chart. NZD/USD also gained bullish momentum and cleared the 0.7300 resistance. GBP/USD remains in a...
Workhorse Group drops nearly 50% after EV company is passed over for USPS contract
Workhorse W-15 Electric Pickup Truck. Source: Workhorse Shares of Workhorse Group dropped more than 50% at one point on Tuesday after the company was passed over for a key contract from the U.S. Postal Service. Amid heightened volatility, the stock...
Powell says inflation is still ‘soft’ and the Fed is committed to current policy
Inflation and employment remain well below the Federal Reserve’s goals, meaning easy monetary policy is likely to stay in place, central bank Chairman Jerome Powell said Tuesday. Despite a sharp rise this year in bond yields that has accompanied heightened...
USDCAD Finds Footing at Multi-Year Lows; Pauses its Descent
USDCAD is consolidating in the vicinity of the 34-month low of 1.2580. The Ichimoku lines are reflecting the pause in negative momentum, while the falling 50- and 100-period simple moving averages (SMAs) are promoting further deterioration in the price. The...
Weak Retail Sales Cool off NZ Dollar
The New Zealand dollar has posted small gains in the Tuesday session. Currently, NZD/USD is trading at 0.7313, down 0.22% on the day. Retail Sales slide The New Zealand economy has looked strong, with most key indicators pointing upwards. However,...
December home prices rose 10.4%, the biggest gain in 7 years, Case-Shiller says
A houseÕs real estate for sale sign shows the home as being Òunder contractÓ in Washington, DC, November 19, 2020. Saul Loeb | AFP | Getty Images December is usually the slowest month for the housing market, but price gains...
Sterling Stronger on Reopening Optimism, Dollar Stabilizes
Sterling rises broadly today as UK Prime Minister Boris Johnson said he’s “hopeful” and “very optimistic ” to end pandemic restrictions on June 21, based on the “one-way road to freedom” roadmap unveiled yesterday. Canadian Dollar is Dollar is following...
The US Dollar Continues To Fade
Cyclical rotation pushes dollar down The US dollar found no solace in higher longer-end bond yields overnight, likely because the move was mirrored to some extent among other developed market currencies. The greenback suffered as the cyclical rotation into global...
BTCUSD Breaking Lower
Bitcoin is under heavy downside pressure again on Tuesday as a widespread sell-off continues to engulf almost the entire cryptocurrency market. A bearish head and shoulders pattern on the daily time frame currently look to be targeting the $43,500 technical...
HSBC pays dividends again after beating estimates on 2020 profit
HSBC building in the Canary Wharf district of London, U.K. Leon Neal | AFP | Getty Images HSBC on Tuesday reported full-year earnings for 2020 that beat expectations and announced a dividend payout for the first time since the Covid-19...
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