WTI Oil Outlook: Oil Eases After Double-Doji, But Signals Remain Mixed
WTI oil price edged lower on Thursday but remains within a narrow range that extends into third day and consolidating strong rally of last Mon/Fri (up 6.5). Oil remains supported by expectations for stronger demand on summer driving season in...
Dollar Bears Gather Strength
Global markets have lost growth momentum near recent highs. This indecisiveness can be attributed to the realization that major central banks are slowly but surely moving towards presenting their monetary policy tightening plans. At the moment, this sentiment is benefiting...
USD/JPY Surges Above 109.00
The US Dollar surged by 46 pips or 0.42% against the Japanese Yen on Wednesday. A breakout occurred through the upper boundary of a descending channel pattern during Wednesday’s trading session. Given that a breakout had occurred, bullish traders could...
Dollar Recovered in Mixed Markets, Loonie Found Some Footing
Overall markets are mixed for now, except the clear strength in New Zealand Dollar this week. While Aussie is also trading higher against others, it’s lagging Kiwi by a mile. Dollar recovered overnight but once again lost momentum quickly. Canadian...
Stock futures are slightly lower in overnight trading ahead of jobs data
Traders working at the New York Stock Exchange (NYSE), on May 19, 2021. NYSE Stock futures were slightly lower in overnight trading on Wednesday as investors await new labor-market data to gauge the pace of the economic recovery. Futures on...
WTI Futures Slow ahead of Vital Resistance Zone
WTI oil futures have retreated before really challenging the vital resistance section of 66.57-67.96 and are now finding some footing near the mid-Bollinger band at 65.20 on the four-hour chart. The improving 50-period simple moving average (SMA) and the 100-...
Euro Steady, German Consumer Confidence Next
The euro is showing limited movement on Wednesday. In the North American session, EUR/USD is trading at 1.2236, down 0.13% on the day. There are no eurozone events on the calendar, so we can expect the pair to remain calm...
Meme stocks GameStop, AMC are popping again as speculative trading ramps back up
Rafael Henrique | LightRocket | Getty Images Just when you think the GameStop mania is a tale from the past, meme stocks came back from the dead with a double-digit rally this week as enthusiastic investors piled back into speculative...
Dollar Strikes Back, Kiwi Maintains Gains
While Kiwi and Aussie remain the strongest ones for today, Dollar is striking back as markets enter into US session. On the other hand, Canadian Dollar is now the selling focus. Euro and Swiss Franc also turn weaker. Overall markets...
NZDJPY Prints Fresh 3-Year High, Short-Term Bias Bullish
NZDJPY gained significant positive traction following the Reserve Bank of New Zealand’s rate announcement, stretching its one-year-old uptrend to a fresh 3-year high of 79.58 after a period of stagnation. Should the price close clearly higher, the rally could get...
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