Dollar Set For Big Monthly Losses, Stocks Struggle For Direction Again
Dollar steadier but month-long rout probably not over yet, yen firmer too S&P 500 closes at another record high but stocks slip today amid some jitters Copper soars past $10,000 a tonne, oil moderates after boost from upbeat US GDP...
GBP/USD Outlook: Thursday’s Shooting Star And Stronger Dollar Weigh On Sterling
Cable accelerated lower in early Friday, driven by fading risk appetite and a stronger dollar. Five-day rally 1.3823 (Apr 22 trough) showed signs of stall and Thursday’s action formed a shooting star candle, while today’s weakness added to signals of...
EUR/USD Outlook: Euro Eases On Weak German Data, Profit-Taking
The Euro dips below the 1.21 mark in European trading on Friday, pressured by greater than expected German economy’s contraction in Q1, and profit-taking ahead of May holidays in China and Japan, which are expected to reduce the activity and...
USD/CAD Bears Could Prevail
The US Dollar traded sideways against the Canadian Dollar on Thursday. The USD/CAD currency pair made about 35 pips or 0.28% move during Thursday’s trading session. As for the near future, the exchange rate is likely to maintain the narrow...
GBP/JPY Breakout Occurs
The British Pound has declined by 85 pips or 0.56% against the Japanese Yen since yesterday’s trading session. A breakout occurred through the lower boundary of an ascending channel pattern during the Asian session on Friday. Given that a breakout...
AUD/USD Decline To Continue
The Australian Dollar declined by 55 pips or 0.72% against the US Dollar on Thursday. The decline was stopped by the 200– hour simple moving average during Thursday’s trading session. The exchange rate could continue to edge lower during the...
BTCUSD Watching Bollinger Bands
Bitcoin remains under pressure on Friday, following bearish news surrounding a potential Bitcoin ETF and Facebook failing to add the top crypto to its holdings. The Bollinger Band indicator is highlighting the next major move could come once the $53,000...
Asian Markets in Mild Risk-Off Mode Despite Japan and China Data
The financial markets are trading with a mild risk-off tone in Asia today, despite the resilience in US overnight. Solid economic data from Japan and China provided little support to sentiment. The region is generally in deep worry over record...
Stock futures dip even after Amazon reports profit surge
FAANG stocks displayed at the Nasdaq. Adam Jeffery | CNBC Futures contracts tied to the major U.S. stock indexes dipped at the start of the overnight session Thursday evening as investors pored over a flurry of earnings results and a...
Job growth could surpass 1 million in April hiring boom as economy roars back
A Wawa store hiring sign in Bethany Beach, Delaware. Stephanie Dhue | CNBC The economy could add more than 1 million jobs in April, economists say. Hiring seems to have strengthened as businesses reopen, leading some economists to make big...