GBP/USD Decline Likely To Continue
The British Pound has declined by 38 pips or 0.27% against the US Dollar on Tuesday. The currency pair was pressured lower by the 55– hour simple moving average during Tuesday’ trading session. All things being equal, the exchange rate...
Dollar Rally in Force as Focus Turns to CPI
Dollar’s rally continues in Asian session today, in particular against Euro, Swiss Franc and Yen. Though, cautious comments from Fed Evans is not giving any particular boost elsewhere. Commodity currencies are still resilient, as supported by overall optimistic sentiment, with...
Stocks making the biggest moves midday: Casper, Sysco, 3D Systems and more
Casper’s subway campaign Source: Casper Check out the companies making headlines in midday trading. 3D Systems — The 3-D printing company’s stock surged about 21% after it reported second-quarter earnings of 12 cents per share, beating the 5 cents a...
EUR/USD Testing YTD Lows after Woeful German Data, Bears Gunning for 1.16 Next?
Traders are pricing in the potential for an earlier-than-previously-anticipated announcement that the Federal Reserve may start tapering its asset purchases after a run of strong data out of the US It’s been a rough week or two for the world’s...
Euro Falls after Sharp Fall in Economic Sentiment, Accelerating Lower
Euro falls broadly today after data showed surprised sharp fall in Germany and Eurozone economic sentiment. But at this point, Swiss Franc is even worse, while Yen is not far behind. On the other hand, Sterling and commodity currencies are...
AUD/JPY Has Established a Strong Support
The AUD/JPY went to the 88.6 zones and established strong support. The bounce should be happening. 79.90-80.60 is the zone where we should be seeing a bounce. Q L5 pivot also protects the bulls. A bullish bounce towards 81.70 is...
EUR/USD Elliott Wave Analysis Eyes to 1.1700 Level
As per Elliott Wave analysis, EURUSD is coming down after Friday’s NFP report, now seems like it’s breaking down into wave 5 targeting that April levels are near 1.1700. Ideally, the pair will still be looking for some buyers down...
Pace Of US CPI Inflation To Test Dollar Bulls
While the Fed has distinctly stated that a potential shift in monetary tightening is strictly conditional on whether the US labor market will make significant progress, US CPI inflation figures could still be worth watching on Wednesday at 12:30 GMT....
Dollar Extended Rally Tapering Talks, Staying Firm
Dollar’s rally continued last week as supported by hawkish comments from Fed officials. Expectations for tapering this fall continued to build up. Swiss Franc is trading broadly lower, as the pull back against Euro accelerated. Meanwhile, Australian is also trading...
Equity Indices Are Generally Off Of The Best Levels
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