GOLD Breaks Patterns And Drops
The yellow metal found resistance in the 1,740.00 level, which was enough for it to decline. The decline was only slowed down by the 55-hour simple moving average. However, eventually the SMA failed. By mid-day on Friday, the metal had...
GBPJPY Flashes Green As Buyers Take Full Control
GBPJPY in the last nine days has logged only one bearish doji candle and it seems set to push to new heights as upside pressures continue to overpower. It appears the pivot at 147.39 gained significant traction refuelling the rally...
Would ECB Bond-Buying Might Slow The Uptrend Of EMU Bond Yields?
Markets European and US bonds parted ways yesterday, driven by a different ‘domestic’ narrative. After cautious positioning ahead of the ECB decision, European bonds outperformed as the ECB put money on the table to reinforce its commitment to prevent an...
Sterling and Aussie Rise as Risk-On Sentiment is Back
Sterling and commodity currencies are back in driving seat on positive market sentiments. Nikkei rises sharply in Asian session, following another record close in DOW overnight. Treasury yields also appear to have settled in range after this week’s central bank...
Elliott Wave View: EURUSD Correction Maybe Completed
Short term Elliott Wave View suggests that EURUSD ended wave ((4)) pullback at 1.1834. Internal of wave ((4)) unfolded as a zigzag Elliott Wave structure where wave (A) ended at 1.1951, wave (B) ended at 1.2243, and wave (C) ended...
Stocks making the biggest moves after the bell: Ulta Beauty, Funko, Poshmark & more
Pedestrians pass in front of an Ulta Beauty store in New York. Gabby Jones | Bloomberg | Getty Images Check out the companies making headlines after the bell on Thursday: Ulta Beauty – The beauty retailer’s stock dipped about 7%...