Jim Cramer says it’s too early to buy until we find out whether new variant is spreading in the U.S.
Friday’s sharp decline for stocks, spurred by concerns over a new Covid-19 variant, is not a buying opportunity, according to CNBC’s Jim Cramer. “We’re going to wake up next week and find one [case] in this country, and I’m not...
Yen and Swiss Franc in Strong Momentum as Risk Aversion Dominates
The new coronavirus variant is the main them in the markets today, sending global stocks and benchmark treasury yields sharply lower. Yen and Swiss Franc are trading sharply higher, followed by Euro. Commodity currencies tumble sharply on risk aversion but...
$46 billion fintech Klarna sees losses quadruple amid surging demand for buy now, pay later
The Klarna logo displayed on a phone screen. Jakub Porzycki | NurPhoto | Getty Images LONDON — Swedish fintech start-up Klarna saw its losses balloon in the first nine months of 2021, as costs increased sharply amid rising demand for...
Oil Is On Track For The Biggest Daily Drop This Year As Fears On New Virus Variant Further Dent Demand Outlook
WTI oil fell over 6% since opening on Friday, in the steepest daily drop this year. News that new variant of coronavirus, which could be more contagious and possibly resistant to the current vaccines was detected, raised fears that new...
US 30 Fails To Rebound
The Dow Jones 30 fell sharply amid fears of a new Covid variant. On the daily chart, a fall below the 30-day moving average suggests increasing pressure on the downside. The index has struggled to stay above the support at...
XAGUSD Tests Major Support
Silver remains under pressure as the dollar index nears a 16-month high. Price action is hovering above the key floor at 23.00 which is also a daily support after November’s breakout above 24.80. This is a test of buyers’ commitment...
USDJPY Breaks Support
The Japanese yen recouped some losses after November’s Tokyo CPI rose to 0.5%. A bearish RSI divergence signaled a slowdown in the upward momentum. A break below 114.90 confirmed weakness in the rally and prompted buyers to close their bets....
Elliott Wave Forecast: Silver Miners (SIL) Doing Flat Correction
Silver Miners (SIL) reached the support area from August 6 peak in 7 swings and reacted higher. However, in the last few trading sessions, the ETF has taken a turn lower. What’s the outlook for the ETF and what alternative...
USD/JPY Outlook: Yen Rises Sharply As New Virus Variant Sparks Strong Risk Aversion
The USDJPY collapsed in early Friday trading after news about new virus variant sparked sharp migration into safety. The pair was down 1.2% in Asia and early Europe, making so far the biggest drop this year. Fresh bearish acceleration weakened...
GBPUSD Forms Foothold At 11-Month Low, Bearish Bias Stands
GBPUSD buyers have re-emerged around the 1.3300 handle and lower Bollinger band trying to make a comeback, after a one-week drop in the pair, which produced an 11-month low. The bearish simple moving averages (SMAs) are reinforcing the one-month descent...
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