USDJPY Final Shoulder
The US dollar has pulled back from the 109.80 level against the Japanese yen currency as the greenback starts to give back Wednesday’s strong gains. The four-hour time frame shows that the latest move higher could have completed the structure...
Dogecoin rallies on Elon Musk tweet, anticipated Coinbase listing
Yuriko Nakao | Getty Images News | Getty Images Dogecoin soared early Friday after a tweet from supporter Elon Musk, and as Coinbase said it would list the meme-inspired cryptocurrency. The price of dogecoin rose to an intraday high of...
JP 225 Index Sets Ground For An Upside Correction, Trend Signals Bearish
Japan’s 225 stock index (cash) faced another volatile session on Thursday, with the price diving to a four-month low of 27,131 before bouncing up to close near its opening level. The market action took the form of a doji candle...
Daily Tecnical Analysis
EUR/USD Current level – 1.2080 The resistance at around 1.2170 turned out to be a major obstacle for the bulls, and the sell-offs managed to breach through the local support at 1.2130. At the moment, the pullback move is limited...
US Stocks Rebound As Investors Rush To Buy The Dips
US stocks bounced back after falling sharply earlier this week. The Dow Jones, S&P 500. And Nasdaq 100 index gained by more than 1% as investors rushed to buy the dips. They have also rallied during the futures market. Data...
Sentiment Further Stabilized as Focus Turns to US Retail Sales
The forex markets are steady in Asian session today as sentiment stabilized, following strong rebound in US stocks overnight. Dollar is currently the second strongest for the week, just next to Sterling. But no key level was taken out with...
PayPal to buy online returns start-up in its latest run at the retail shopping space
The PayPal application can be seen on a mobile phone. Felix Kästle | picture alliance | Getty Images PayPal is making another acquisition in the e-commerce space as it moves beyond payments and into physical and online retail. The digital...
Dollar in Trouble? Markets Believe the Fed on Tapering But Not on Inflation
The US dollar has crashed below its uptrend line as its bullish narrative has once again been called into question. The shockingly big miss of the April NFP estimate has proven the Fed right and the markets wrong on the...
GBP/USD Analysis: Fresh Bears Face Headwinds at 1.40 Support
Cable extended Wednesday’s 0.64% fall and fell ticks ahead of psychological 1.40 support on Thursday. Fresh risk aversion on upbeat US inflation figures that fueled a fall in global equities, weighs heavily on risk sensitive pound. Bids at 1.40 zone...
Economist calls for calm on inflation talk: ‘Everything ultimately will settle down’
A worker on an auto assembly line in Smyrna, Tennessee. Luke Sharrett/Bloomberg/Getty Images The concentration of price pressures in a handful of categories means markets shouldn’t yet be worrying about inflation after Wednesday’s U.S. surprise, economists have told CNBC. The...
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