EUR/USD Rebounds ahead of Weekend, Confirming Short Term Bottoming?
Euro and Swiss Franc rise broadly as the markets are approaching the weekly close. On the other hand, Canadian Dollar is reversing some of this week’s gains, while Dollar is following as second weakest for the day. As for the...
Oil Price Started A Fresh Increase Above $68.00
Crude oil price started a fresh increase above the $68.00 resistance against the US Dollar. However, the price failed to surpass the $69.40 and $69.50 resistance levels. A high is formed near $69.39 and the price is now slowly moving...
Stock futures inch higher after S&P 500 closes at a record, Disney shares jump
Trader on the floor of the New York Stock Exchange. Source: NYSE Stock futures inched higher on Friday as the S&P 500 seeks to end a winning week on a high note. Futures on the Dow Jones Industrial Average rose...
GBPJPY Fails To Overcome 153.40, Neutral-To-Bearish Bias
GBPJPY attempted to break the upper border of the neutral zone it has been ranging within this week, but its efforts proved unsuccessful as the 153.40 barrier defended the bears once again.The short-term oscillators are also in favor of the...
USDCAD Stuck In Narrow Range Below SMAs
USDCAD could barely rotate since the rejection near the 20- and 200-day simple moving averages (SMAs) on Monday, with the price edging up to close slightly above the 1.2500 level on Thursday. The momentum indicators point to a neutral-to-bearish bias...
EUR/USD Breached Channel Pattern
The common European currency has edged higher by 41 pips or 0.35% against the US Dollar since this week’s trading sessions. The currency pair breached the 55- and 100- hour SMAs this week. By and large, the exchange rate could...
GBP/USD Decline To Continue
The US Dollar against the Japanese Yen consolidated below the 110.60 level on Thursday. The currency pair traded between the 55– and 100– hour SMAs during Thursday’s trading session. Technical indicators suggest buying signals on the 4H and daily time-frame...
USD/JPY Trades Sideways
The US Dollar against the Japanese Yen consolidated below the 110.60 level on Thursday. The currency pair traded between the 55– and 100– hour SMAs during Thursday’s trading session. Technical indicators suggest buying signals on the 4H and daily time-frame...
XAU/USD Two Scenarios Likely
During the first half of Thursday’s trading session, Gold fell by 144 pips or 0.82% against the US Dollar. However, the commodity rebounded from a support level of 1744.8 at the end of the session. Currently, the yellow metal is...
S&P 500 Surges To New High
The S&P 500 continues to climb as weekly jobless claims meet estimates. A series of higher highs suggests that the bullish sentiment is still intact. 4480 would be the next stop as momentum traders jump in. The RSI has broken...
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