WTI Futures Rises Above Short-Term SMAs
WTI crude oil futures have been in a strong positive movement over the last 4-hour sessions, following the turning point at the 61.75 support level. The price jumped above the short-term SMAs and is moving towards the Ichimoku cloud. The RSI...
Stock futures inch higher after a broad rally on Wall Street amid vaccine approval
A trader works on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., August 11, 2021. Andrew Kelly | Reuters Stock futures edged higher in early morning trading on Tuesday following a broad-based...
Market Morning Briefing: Dollar-Yen Continues To Hold Within 110.50-109 Zone
STOCKS Equities globally trade higher and look bullish for the near term. Dow and Dax may target 35500/750 and 16000 respectively while Nikkei, Shanghai, Nifty and Sensex look bullish too towards 28000, 3520/40, 16600/700 and 56000 respectively. Immediate view is...
Markets Back on Risk-on Mode, Dollar Selling Slows Slightly
Following another record close in US overnight, Asian markets open generally higher and stay firm. Commodity currencies continue to extend this week’s rebound. While Yen and Swiss Franc remain soft, Dollar pull back seems to be slowing slightly. Nevertheless, Dollar...
Jackson Hole Symposium Preview: Powell Under Pressure
As my colleague Joe Perry noted in his Week Ahead report, Fed watchers and traders have been looking forward to this week’s Jackson Hole Symposium for months. See an overview of the key details and themes to watch from this...
Stocks making the biggest moves midday: Pfizer, Moderna, Boeing and more
A Boeing 737 MAX 10 airliner pauses while taxiing on the flight line before its first flight at Renton Municipal Airport on June 18, 2021 in Renton, Washington. Stephen Brashear | Getty Images Check out the companies making headlines in...
Gold – Back in Favour?
Facing major resistance Gold has come a long way over the last couple of weeks when it suffered a flash crash at the start of the week. Since then, not only has it rebounded strongly, it’s crossed back above the support level that...
Home sales rose for the second straight month in July, as demand outpaced slightly stronger supply
A home, available for sale, is shown on August 12, 2021 in Houston, Texas. Brandon Bell | Getty Images Sales of existing homes in July rose 2% from June to a seasonally adjusted, annualized rate of 5.99 million units, according...
Pound Rebounds on Strong Manufacturing PMI
The British pound has started the new trading week in positive territory. GBP/USD is trading at 1.3672, up 0.37% on the day. Manufacturing stellar but services slip The UK Flash PMI reports for August were mixed. Manufacturing PMI was down...
Dollar Extending Pull Back, Gold Upside Breakout
Markets continue to reverse some of last week’s move, as seen in the rebound in European and Asian equities. Dollar, Yen and Swiss Franc all turned weaker while commodity currencies strengthened. PMIs from Eurozone and UK are all solid, despite...
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