More for ECB to Consider and Better UK Employment Data: EUR/GBP
German PPI for March was released earlier today. The MoM print increased from 0.7% in February to 0.9% in March. Expectations were for a decline to 0.6%. However, the bigger story regarding German PPI was the YoY print at 3.7%...
Risk Markets Consolidate on Pandemic Concerns, Dollar Recovering Mildly But Stays Weak
Some renewed concerns over global spread of coronavirus appears to be putting risk-on rally to a halt. In Japan, Tokyo Governor is seeking the government o declare a state of emergence to curb the infections ahead of the Olympics that...
DAX 30 Waiting For Pullback To 38.2% And 144 Ema At 15k
On the 4 hour chart below, we can see how the moving averages help us identify the moments when price action is making a pullback within the uptrend. German stock index DAX 30 (DE30) has been in a major uptrend...
US Stocks Closed In The Red. Dow Jones And S&P 500 Retreated From Record Highs
The US indices declined by 0.4-1%. It was partially triggered by a Tesla car crash near Houston and a decline in shares of Microsoft, Amazon, and Nvidia ahead of quarterly reports. The producer price index (PPI) in Germany jumped 3.7%...
ECB Preview – Looking for Hints on PEPP Destiny
We do not expect much news from the upcoming ECB meeting. European yields have stabilized since the central bank “accelerated significantly” the pace of PEPP purchases in mid-March. Inter-meeting economic data have been mixed. We believe policymakers would reinstate that...
Facebook-backed Diem aims to launch digital currency pilot later this year
Facebook wanted to revolutionize finance with a global digital currency — then came the regulators. First proposed in June 2019 with the name libra, the token was initially intended to be a universal currency tied to a basket of sovereign...
Sterling Firm ahead of Job Data, Dollar and Yen Pressured
Sterling stays firm in Asian session today, but remains the strongest one for the week so far. The Pound will look into UK job data for inspiration for further rally. Meanwhile, Dollar and Canadian remain the weakest ones for now....
Oil Choppiness, Gold Pares Gains
Oil Crude prices are stuck in the mud as an improving European outlook is countered with a weekly record for global infections. The energy market is paying close attention to India as the current surge is forcing refiners to shutdown...
Stocks making the biggest moves midday: Peloton, GameStop, Harley-Davidson and more
A monitor displays Peloton Interactive Inc. signage during the company’s initial public offering (IPO) across from the Nasdaq MarketSite in New York, U.S., on Thursday, Sept. 26, 2019. Michael Nagle | Bloomberg | Getty Images Check out the companies making...
US 500 Index Ready to Elevate All-Time High
The US 500 stock index (Cash) is sustaining its bullish tone above the rising Ichimoku lines, which are nourishing the price’s attempts to steer higher. Additionally, the advancing simple moving averages (SMAs) are shielding the positive structure. The short-term oscillators...
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