US 100 Index Stabilizes Marginally Below Record High
The US 100 index is stabilizing around the record high of 13,904, pausing the strong upside tendency. The technical indicators, though, are sending mixed signals, suggesting that the softness in the market may not over yet. The RSI has turned...
USDCAD’s Positive Impetus Curbed By 50-Day SMA And Cloud
USDCAD is struggling to tick higher after its recent positive propulsion off the 37½-month low of 1.2365. The descending simple moving averages (SMAs) are imposing the predominant bearish bias. Additionally, the fairly neutral demeanour of the Ichimoku lines is suggesting...
Biden’s China policy is tougher on financial firms than Trump’s was, report says
The “Fearless Girl” sculpture is seen outside the New York Stock Exchange (NYSE) during a snow storm in New York, February 1, 2021. Brendan McDermid | Reuters BEIJING — As U.S.-China tensions continue to simmer under a new administration, risks...
USDCAD Awaiting Jobs Data
The US dollar is pressing towards the 1.2600 level against the Canadian dollar, ahead of today’s monthly jobs report from the Canadian economy. A weaker jobs report could cause the USDCAD pair to rise, with bulls likely to take aim...
USDJPY Buyers Return
The US dollar has bounced back fairly sharply against the Japanese yen currency after bulls stepped in from the 109.00 support level. Bearish MACD price divergence has now been reversed, setting the stage for further upside in the USDJPY pair....
Market Morning Briefing: Euro Has Risen Above 1.19 Again
STOCKS Equities remain mixed and are consolidating at higher levels. Broadly we remain cautious on the equities and will be looking for a corrective fall after this consolidation. Dow has to break above 33550 to avoid a fall below 33000...
Sterling Still Facing Downside Pressure in Quiet Markets
Markets are generally quiet in Asian session today. Sterling is set to end as the worst performing one for the week. And it’s still facing much downside pressure against Euro, Swiss Franc and Yen. Dollar is following as the second...