EUR/USD Pair Is Now Correcting Losses From The 1.1840 Low
The Euro failed to remain stable above 1.1900 and started a fresh decline against the US Dollar. The EUR/USD pair broke the 1.1880 support zone to move into a bearish zone. It even settled below the 1.1860 support level and...
USDCAD Wrestles Upper Frontier Of 15½-Month Bearish Channel
USDCAD is labouring to break above and out of a descending channel, whose grasp on the pair has endured past a full year. The commanding simple moving averages (SMAs) are still shaping a predominantly bearish picture, making even more challenging...
Gold Analysis: Pierces Resistance Line
There are a number of important updates to note in regards to the price of Gold. First of all, the price has pierced the resistance line of the recent June high levels. Secondly, the price has revealed that it is...
USD/JPY Analysis: Finds Resistance At 111.65
The US Dollar has encountered resistance against the Japanese Yen in a zone from 111.63 to 111.66. On Friday morning, the rate bounced off this zone and declined to the 111.40 marks, which was supported by the weekly R1 simple...
USD/JPY Consolidating Before The NFP Report
The USD/JPY has formed a flat top ascending triangle. We should see a breakout to either side of the market. The breakout should happen either before or after the NFP. But the move will gain momentum after the NFP. Breakout...
Chinese electric car start-up Li Auto delivers over 1,000 more cars than Xpeng in June
Xpeng Motors launches the P5 sedan at an event in Guangzhou, China on April 14, 2021. The P5 is Xpeng’s third production model and features so-called Lidar technology. Arjun Kharpal | CNBC BEIJING — U.S.-listed electric car start-up Li Auto...
Dollar Resuming Rally as Focus Turns to Non-Farm Payrolls
Dollar’s rally resumes after brief consolidation as focus now turns to non-farm payroll report. While some Fed officials might sound optimistic on their expectation on tapering later this year, it’s certain that Fed won’t move unless upbeat outlook is realized...
European Open: All Calm Ahead Of NFP, EUR/GBP Ready To Breakout?
Volatility is its usual low-self ahead of today’s NFP report, which hinges around whether USD can extend its bullish moves upon an NFP beat or give back gains upon a miss. Asian Indices: Australia’s ASX 200 index rose by 29.9...
Epic housing shortage may finally be starting to lift, as surprising number of new listings hit market in June
A for sale sign is seen near a house for sale in South Pasadena, California. Frederic J. Brown | AFP | Getty Images The epic housing shortage that began before the pandemic and then was exacerbated by it may finally...
U.S. deficit will total $3 trillion in fiscal 2021, budget panel says
The federal government will be swimming in $3 trillion of red ink by the end of fiscal 2021, according to a Congressional Budget Office estimate released Thursday that swelled 33% from the last forecast. As a result of multiple stimulus...
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