USD/JPY Outlook: Yen Rises Sharply As New Virus Variant Sparks Strong Risk Aversion
The USDJPY collapsed in early Friday trading after news about new virus variant sparked sharp migration into safety. The pair was down 1.2% in Asia and early Europe, making so far the biggest drop this year. Fresh bearish acceleration weakened...
GBPUSD Forms Foothold At 11-Month Low, Bearish Bias Stands
GBPUSD buyers have re-emerged around the 1.3300 handle and lower Bollinger band trying to make a comeback, after a one-week drop in the pair, which produced an 11-month low. The bearish simple moving averages (SMAs) are reinforcing the one-month descent...
Silver Finds Support At 50-SMA, Bearish Bias Holds
Silver has staged a notable rebound after its long-term downtrend halted at the 21.40 region in September. However, in the short term, the precious metal seems to be losing traction, with the bears battling to push the price beneath the...
European Open: Equities Broadly Lower, GBP/AUD Breaks Out
Asian Indices: Australia’s ASX 200 index fell by -125.9 points (-1.7%) and currently trades at 7,281.40 Japan’s Nikkei 225 index has fallen by -811.71 points (-2.73%) and currently trades at 28,696.71 Hong Kong’s Hang Seng index has fallen by -526.61...
New Coronavirus Variant Sinks Investor Sentiment, Yen Marches Higher
Risk-aversion dominates Asian markets today as new coronavirus variant sinks investor sentiment. Australian Dollar is leading other commodity currencies lower. Yen and Swiss Franc surge sharply, followed by Euro and Dollar. Overall, it’s flight to safety. The question now is,...
How climate change is raising the price of your pumpkin pie
As Americans sit down at their Thanksgiving tables, many of the items in front of them will be more expensive than they were last year. Pies in particular. And climate change is a contributing factor. Inflation is hitting every sector...
Euro Goes into Freefall; Have Investors Become Too Pessimistic?
The euro’s woes just keep getting worse and worse. The single currency has ploughed more than one-year lows against the US dollar and pound, and six-year lows versus the Swiss franc. Expectations of diverging monetary policies had been weighing for...
US 30 Retreats From All-Time Highs But Bullish Forces Linger
The US 30 cash index has witnessed a minor pullback from its all-time high at 36,560 earlier this month. However, the overall outlook for the index remains bullish as the price is found above its 200-period simple moving average (SMA).The...
UK 100 Index Pulls Back From Fresh Highs, Bullish Bias Holds
The UK 100 stock index (cash) has been trending upwards since February. However, the index experienced a minor downside correction lately after its rally peaked at the 20-month high of 7,400.This recent pullback is unlikely to continue as the momentum...
Oil And Gold Consolidate
Oil consolidates post-Biden rally Oil prices were almost unchanged overnight and remain so in muted Asian trading. Brent crude is trading at USD 82.35 today, with WTI trading at USD 78.35 a barrel. US official Crude Inventories rose unexpectedly by...
Signal2forex.com - Best Forex robots and signals




