US 30 Stock Index Challenges Short-Term Bearish Trajectory As Bulls Keep Pressing
The US 30 index (cash) has successfully returned above the dashed long-term restrictive line, but the upper boundary of a short-term bearish channel is currently threatening to keep the index in a downward trajectory at 34,682. A pullback, however, may...
EUR/USD Outlook: Euro Remains Under Strong Pressure And May Accelerate Lower
The Euro extends weakness into fifth straight day, hitting the lowest in nearly three months on Friday. Bears broke below key supports at 1.1747/36 (June 18/21 lows/Fibo 76.4% of 1.1704/1.2266 ascend) but need to register weekly close below to confirm...
Setting his eyes on the next 100 years, Xi seizes the chance to lead China to greater power
Xi Jinping, general secretary of the Communist Party of China CPC Central Committee, Chinese president and chairman of the Central Military Commission, delivers an important speech at a ceremony marking the 100th anniversary of the founding of the CPC in...
Job growth likely will look stronger in June report as companies scramble to find workers
A ‘Hiring All Positions’ sign is displayed at a pastry shop on June 23, 2021 in Los Angeles, California. Mario Tama | Getty Images June jobs growth is expected to outpace May and more Americans rejoined the workforce, even as...
EUR/USD Pair Is Now Correcting Losses From The 1.1840 Low
The Euro failed to remain stable above 1.1900 and started a fresh decline against the US Dollar. The EUR/USD pair broke the 1.1880 support zone to move into a bearish zone. It even settled below the 1.1860 support level and...
USDCAD Wrestles Upper Frontier Of 15½-Month Bearish Channel
USDCAD is labouring to break above and out of a descending channel, whose grasp on the pair has endured past a full year. The commanding simple moving averages (SMAs) are still shaping a predominantly bearish picture, making even more challenging...
Gold Analysis: Pierces Resistance Line
There are a number of important updates to note in regards to the price of Gold. First of all, the price has pierced the resistance line of the recent June high levels. Secondly, the price has revealed that it is...
USD/JPY Analysis: Finds Resistance At 111.65
The US Dollar has encountered resistance against the Japanese Yen in a zone from 111.63 to 111.66. On Friday morning, the rate bounced off this zone and declined to the 111.40 marks, which was supported by the weekly R1 simple...
USD/JPY Consolidating Before The NFP Report
The USD/JPY has formed a flat top ascending triangle. We should see a breakout to either side of the market. The breakout should happen either before or after the NFP. But the move will gain momentum after the NFP. Breakout...
Chinese electric car start-up Li Auto delivers over 1,000 more cars than Xpeng in June
Xpeng Motors launches the P5 sedan at an event in Guangzhou, China on April 14, 2021. The P5 is Xpeng’s third production model and features so-called Lidar technology. Arjun Kharpal | CNBC BEIJING — U.S.-listed electric car start-up Li Auto...
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