GOLD Respects Moving Averages
The price for gold passed the support of the 100-hour simple moving average near 1,790.00 on Tuesday afternoon. However, the price almost immediately found support in the 200-hour simple moving average, which kept the rate up until the middle of...
From a bitcoin crash to regulatory crackdowns: Analysts give their top predictions for crypto in 2022
Vertigo3d | iStock | Getty Images Crypto crash Some experts believe bitcoin is due for a sharp decline in the coming months. Bitcoin surged to a record high of almost $69,000 in November. It’s now sitting below $50,000, down almost...
GBP/JPY Reaches 151.50 Mark
The GBP/JPY has once by one passed technical resistance levels and reached the 151.50 mark. In general, each technical resistance level managed to hold no longer than two hours before being passed. On Wednesday morning, the 151.50 level provided resistance...
Bulls Are Back Amid Thinning Volumes And Fragile Appetite
The European and the US markets rebounded yesterday, as investors shrugged off the worries of omicron, while of course, the news flow is far from ideal. New restriction measures are announced every other day and the impact on the economic...
Yen Weakens as Stocks and Oil Rebound
Yen dropped broadly overnight as US stocks rebounded and stays soft in Asian session. Canadian Dollar also pare back some losses as WTI crude oil recovered back above 70 handle. But overall markets are generally mixed in holiday mood. Euro...
Stocks making the biggest moves midday: Citrix Systems, Boeing, Nike, Kellogg and more
Pedestrians cross a street in front of a Rite Aid store in Oakland, California. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Rite Aid — Shares of Rite Aid rallied 21.3%...
US PCE Inflation Expected to Jump; Fed’s Hawkish Turn Relieves Markets
The US dollar has been roaring lately, capitalizing on the risk-off sentiment in the markets caused by the Omicron variant. This week, dollar bulls will be closely eyeing the barrage of the last major US data releases of the year....
Risk Sentiment Flip-Flops, Canadian Dollar Shrugs Retail Sales
Risk sentiment continues to flip-flop in pre-holiday markets. Major European indexes and US futures are trading slightly higher. Swiss Franc, Yen and Dollar are all trading generally lower, while Kiwi and Aussie are trading higher with Sterling. Canadian Dollar appears...
EUR/USD Finds Support In Pivot Point
Since mid-Monday, the EUR/USD has been fluctuating between the support of the weekly simple pivot point at 1.1276 and the resistance of the 1.1302/1.1305 zone. In the case that the rate drops below the weekly simple pivot point at 1.1276,...
Risk Sentiment Recovers
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