US: Housing Starts Increase in August, Recouping Some of Last Month’s Drop
U.S. housing starts rose by 3.9% to 1.615 million (annualized) units in August, after declining by 6.2% in July. This exceeded market expectations for a 1.0% increase. Starts were revised up by 20k in July and 7k in June, reflecting...
Swiss Franc Jumps While Risk Aversion Eased
Risk aversion seems to have eased a bit today, with recoveries seen in European markets and US futures. Yen and Dollar have both turned into sideway consolidations. But no clear support is seen in Aussie and New Zealand, as both...
USD/ZAR Bearish SHS Pattern Formation
The USD/ZAR has made a bearish SHS formation. We should see a move down. MH3 is the right shoulder of the bearish formation. We can see the pin bar rejection at the M H3. The shooting star is the signal...
GBPUSD Slips To One-Month Low, Bias Bearish
GBPUSD retraced to an almost one-month low of 1.3640 on Monday after a multi-day battle with the 200-day simple moving average (SMA) and the 1.3840 barrier, where a dashed resistance trendline also happens to be. The pair is currently trying...
Evergrande Fears Fade Aiding USDJPY Ahead Of BoJ
As noted by Canadian Bank RBC, the share price of Evergrande has been under pressure since March, a result of the Chinese property developer colliding with a crackdown on property developers by authorities as part of a deleveraging drive. Already...
Sentiments Stabilized after Selloff, Downside Prospect for Weak Sterling
Risk sentiment appears to have stabilized in Asia a bit. The steep fall in Nikkei was just a post-holiday catch up. Yen and Swiss Franc are digesting gains but remain the strongest for the week. Sterling is indeed the worst...
Market Morning Briefing: Pound Has Bounced From 1.3640
STOCKS Short selling continues in the equities globally as most indices break immediate supports and look bearish for the next few sessions. Dow and Dax have broken below 34000 and 15400 respectively and can head towards 33500-33000 and 15000-14800. Nikkei...
Fintech firm Wise launches feature that lets users spend money invested in stocks
The Wise logo displayed on a smartphone screen. Pavlo Gonchar | SOPA Images | LightRocket via Getty Images LONDON — British financial technology firm Wise debuted an investments feature Tuesday that lets users invest in stocks through multiple currencies and...
EURGBP – Strong Bullish Signal is Developing Following a Break Above Daily Cloud
The cross rose over 0.5% on Monday and hit 8-day high, on a biggest one-day rally in one month. Sterling, as more risk-sensitive currency than the euro, reacted negatively on strong risk aversion that pushed global equities sharply lower. Today’s...
US open: Wall Street Tumbles on Evergrande, Fed Tapering Concerns
US stocks traces Europe lower amid concerns over the likely default of Evergrande, China’s second largest real estate developer and the implications for the wider market. Concerns over what the Fed could announce on Wednesday are adding to the downbeat...
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