Dollar Consolidating Gains as Focus Turns to ADP Employment First
Dollar and Yen are consolidating this week’s gains in Asian session today. There is no clear sign of topping in both Dollar and Yen. Yet, there is also no follow through buying to push Dollar through main near term resistance...
Sweden’s In Trouble, And It Has Nothing To Do With Euro 2020
Sweden may be playing for a chance to advance in the Euro 2020, however the futbol team can’t help the current situation on the political pitch. Sweden’s prime minister Stefan Lofven has resigned after losing a no-confidence vote in parliament....
Stocks making the biggest moves midday: Moderna, Morgan Stanley, GE and more
Boxes containing vials of the Moderna Covid-19 vaccine are stored at the Kedren Community Health Center on January 25, 2021 in Los Angeles, California. Patrick T. Fallon | AFP | Getty Images Check out the companies making headlines in midday...
Home prices surged in April at a ‘truly extraordinary’ rate, S&P Case-Shiller says
Home prices in April saw an annual gain of 14.6% in April, up from a 13.3% increase in March, according to the S&P CoreLogic Case-Shiller National Home Price Index. Among larger cities covered by the index, the 10-city composite was...
Will Canada’s GDP Weigh on Canadian Dollar?
The Canadian dollar has declined for a second straight day. In the North American session, USD/CAD is trading at 1.2386, up 0.46% on the day. Canada’s GDP expected to decline Canada releases the April GDP report on Wednesday. In March,...
Dollar and Yen Surge, Resuming Near Term Rally
Dollar rises sharply today and takes the Japanese Yen higher too. There is no clear stimulus for the moves as other markets are mixed. The technical development suggests that this week’s retreat has completed already. New Zealand and Australian Dollar...
WTI Futures Plunges Beneath Ascending Line Near 72.00
WTI crude oil futures are falling further, continuing the selling interest from the 32-month high of 74.43. The RSI is now trending south in the negative zone, while the MACD is losing ground below its trigger and zero lines. A...
GBPUSD Advances Muted By 100-SMA And Ichimoku Coud
GBPUSD is edging lower underneath its red Tenkan-sen line around 1.3895 after its latest bounce around the 1.3800 handle was curbed by the 100-day simple moving average (SMA) and the cloud’s lower surface. The SMAs are maintaining a bullish bearing, signalling...
OPEC+ Raising Output Levels Amid Lingering Uncertainty
Markets Trading took a guarded start yesterday. Eco data were few. Spain and Portugal prolonging travel restrictions was a reminder that Covid related risks might still resurface and didn’t help to revive an already hesitant reflation trade. European equities lost...
Sterling Turning Lower against Dollar and Yen
Dollar and Yen are currently the mildly strong ones this week so far. US stocks ended mixed as S&P 500 and NASDAQ made new record highs, but DOW refused to follow and closed lower. Asian markets are also generally in...
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