Stocks Imply a Risk-on Tone, and Greenback Stabilizes around 96 Mark
Dollar’s shine dulls in forex arena; Are Omicron risks set to rise? Will Omicron underpin infections? The chaotic 2021 period is soon coming to an end and the lack of market driving news on today’s economic calendar is unlikely to...
Aussie Surges on Risk-On Sentiments, Euro Heading Lower
Australian Dollar rides on solid risk-on sentiment and rallies broadly today. US futures point to higher open while S&P 500 would extend record run. Swiss Franc is surprisingly firm too but it’s helped by selloff against Euro, together with Sterling....
USD/JPY Approaches Resistance: Elliott Wave analysis
USDJPY has completed the 5th wave as an ending diagonal (wedge) pattern and that weakness will resume towards much lower prices as a drop from 115.52 unfolded as an impulse. Ideally, that was wave A)/1), so more weakness is coming...
Stocks Lifted by New S&P 500 Record, Yen Retreats
Global stock markets get a lift from S&P 500’s latest dash to new all-time highs Dollar holds steady but yen on a broad pullback amid easing Omicron jitters Oil bounces back as demand worries subside, gold hits one-month high Wall...
USDCAD Losses Ground; Long-Term Bullish Outlook Maintained
USDCAD has retreated from its December high amid strengthening negative momentum, and is currently found near its lower Bollinger Band indicating that an immediate upward movement should not be ruled out. However, despite the negativity in the short-term, the price is...
Currency Pair of the Week: XAU/USD
It may be an opportunity for gold bugs to enter the market if investors decide to jump back into the inflation-hedge precious metal! Gold (XAU/USD) is considered to be a hedge to inflation. Having said that, traders may be wondering...
Equity Indices Trade Mixed amid Holiday Impact and Recent Gains on Wall Street
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Yen Broadly Lower as S&P 500 Makes New Record
Yen is trading broadly lower this week, and remain soft in Asian session, following the rally in US stocks overnight. Dollar is also weak in risk-on markets, while Euro is not far away. On the other hand, Sterling is so...
Starboard Value builds 6.5% stake in GoDaddy, sending shares up 8%
Spencer Platt | Getty Images Activist investor Starboard Value has taken a 6.5% stake in GoDaddy, sparking a rally in stock of the web services company. The hedge fund bought more than 10,000 shares of GoDaddy, worth about $800 million,...
Australian Dollar Trading Sideways
Tis the week of Christmas, which means eggnog, crackling fireplaces and thin liquidity in the markets. With Australian markets closed on Monday, the Aussie has shown little movement today and this should continue in the North American session. There are...
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