USDCHF is Back in Red after Surpassing 20-SMA
USDCHF has reversed back up again after finding support at the 0.9153 barrier, surpassing the 20-period simple moving average (SMA) in the 4-hour chart. However, the price is currently posting a red session. Momentum indicators are pointing to a neutral...
Sterling Weakens as BoE Gives No Hawkish Surprise, Dollar Softer on Job and Durables
Sterling drops notably today after BoE delivered no hawkish surprise. While it sounded upbeat on the outlook, the MPC, except chief economist Andy Haldane, would prefer to wait until August to take any policy actions. Dollar is also soft after...
Delaware is expected to move to a $15 per hour minimum wage. What that could mean for the push to increase the national pay rate
Kristen Deptula, center, with her husband and two children, says that paying a $15 per hour wage has helped them grow their Rehoboth Beach, Delaware, business. Kristina Gwynn When Kristen Deptula and her husband bought the Canalside Inn in Rehoboth...
Gold Remains Rather Steady
The USD seemed to steady yesterday against a number of its counterparts, while US stockmarkets even retreated a bit and gold remained relatively stable after the wide drop of its price, experienced in the past week. Comments by Fed officials,...
Gold Is Trying To Make A Long Breakout
Gold is preparing for a long breakout if momentum persists. Gold is at the critical support 1765-75 is the zone which bulls need to hold if they want to push the price higher. Ideally it should stay above the interim...
XAUUSD Is Possibly Bearish
Technical analysis At the moment, the price trades at 1,776.72 It lies in between the EMA(50) and EMA(100) The EMA(100) lies higher than the EMA (50), which is favorable for the bears The MACD indicator reads below 0, with the...
Fed Officials Shrugged by Markets, Focus Turns to BoE and US Data
The chorus of Fedspeaks overnight provided little inspirations to the markets. Some policy makers expected tapering in the coming months, followed by rate hike next year. Some remained more cautious on the outlook. That’s what we already know from the...
Market bull who predicted tech’s rebound believes Wall Street may avoid a summer setback
He predicted tech’s recent comeback, and now Oppenheimer Asset Management’s John Stoltzfus believes Wall Street can avoid an unnerving summer setback. He attributes tech’s latest outperformance as a key reason why it could be a positive summer for investors. “That...
CAD Shrugs Off Soft Retail Sales
The Canadian dollar is in positive territory for a third straight day. In Wednesday’s North American session, USD/CAD is trading at 1.2262, down 0.35% on the day. Retail sales fall sharply In Canada, the only events on the calendar this...
Euro Yawns as German PMIs Accelerate
The euro is almost unchanged in the Wednesday session. In North American trade, EUR/USD is trading at 1.1940, down 0.01% on the day. An important gauge of economic activity is the PMI reports, and the news was positive out of...
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