Pound Rises to 5-Week High
The British pound has posted gains on Wednesday. Earlier in the day, GBP/USD touched 1.3480, its highest level since November 19th. This date was the last time that the pound was at the 1.35 line, a psychologically significant level. The...
Stocks 2022 Outlook: Will Bulls Dominate or Bumpier Times Ahead?
It’s been another spectacular year for equity markets as the pandemic-induced stimulus has kept the rally on Wall Street alive even as the virus threat has yet to recede. The picture has been a little more mixed in some other...
AUDJPY’s Growing Bullish Bias is Under Microscope
AUDJPY’s fresh minor pullback from 83.42 has found some footing off the blue Kijun-sen line at 82.78 keeping the latest outlook bullish as the pair continues to plot higher highs and lows. The rising 50- and 100-period simple moving averages...
Sterling Firm, Yen Weak, Gold Tumbles in Holiday Mood
The markets are staying in holiday mood today, with little news flow and no important data release. There is nothing to stop Yen’s decline. But as risk sentiments turned steady, commodity currencies are paring some gains. Instead, Sterling is outshining...
EURGBP Directed Lower by 200-MA
EURGBP sellers have remained in control for more than a week, exacerbating a downward move beneath the Ichimoku cloud after the 200-day simple moving average (SMA) curbed recent attempts of the pair to advance. The relatively flatlined SMAs are endorsing...
Stocks making the biggest moves premarket: Cal-Maine, Tesla, Alibaba and others
Check out the companies making headlines before the bell: Cal-Maine Foods (CALM) – The nation’s largest egg producer earned 2 cents per share for its latest quarter, well short of the 30-cent consensus estimate. Sales were better-than-expected, but the bottom...
USDJPY’s One-Month Rally Reinforces Broader Uptrend
USDJPY is ready to confront the resistance section of 115.07-115.62 after the price bounced within the 112.40-112.72 support base and subsequently found footing off the Ichimoku cloud’s upper band. The simple moving averages (SMAs) are maintaining a northbound trajectory, backing...
Yen Stays Weak as Risk Rally Takes a Breather
Risk-on sentiment is somewhat taking a breather as S&P closed slightly lower after making new high. But Yen remains overwhelmingly the worst performing one for the week, followed by Kiwi and then Euro. On the other hand, Sterling is currently...
Stock futures rise slightly after Dow notches fifth straight day of gains
A trader works on the trading floor on the last day of trading before Christmas at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., December 23, 2021. Andrew Kelly | Reuters U.S. stock futures ticked higher...