Dollar Digesting Gains, But Remains Strongest for the Week
Overall, trading in the forex market is rather subdued today. Dollar is retreating mildly but remains the strongest one for the week. Yen remains the distant second, while Sterling is third. On the other hand, Australian Dollar is the weakest...
Stocks making the biggest moves premarket: Johnson & Johnson, Rivian, Lordstown and more
Check out the companies making headlines before the bell: Johnson & Johnson — Shares of Johnson & Johnson rose nearly 4% in premarket trading on Friday after announcing plans to split its consumer health business off from its pharmaceutical and...
EUR/USD Pair Is Now Consolidating Losses Above 1.1420
The Euro started a fresh decline from well above 1.1600 against the US Dollar. The EUR/USD pair traded below the 1.1550 support level to enter a bearish zone. The pair even settled below the 1.1500 level and the 50 hourly...
China slams U.S. democracy as a ‘game of the rich,’ at an event promoting Xi’s growing power
Books by and about Chinese President Xi Jinping fill a display at the Museum of the Communist Party of China in Beijing on November 11, 2021. Noel Celis | AFP | Getty Images BEIJING — A top Chinese official issued...
USDCAD Upsurge Capped At 1.26 Level
USDCAD is exhibiting a more optimistic outlook however, this is being tested by the 1.2600 handle, which has managed to curb additional gains from unfolding. Overall, the simple moving averages (SMAs) have converged and are relatively flat, suggesting the pair...
GBPJPY Set For Neutral Close But Bears Still Present
GBPJPY returned to Monday’s opening price on Friday, aiming for a neutral weekly close around 152.60, where the 20-period simple moving average (SMA) has been buffering negative movements since the start of October in the weekly chart. The price has...
GBP/USD Outlook: Cable Is Consolidating Above New 11-Month Low
Bears are taking a breather in early Friday after hitting new 11-month low, as traders collect profits from almost 1.4% drop in past two days. Upticks are expected to offer better levels to re-enter bearish market, as weekly studies remain...
US 100 Tests Demand Zone
The Nasdaq 100 suffers losses as high inflation dents risk appetite. An RSI divergence showed a deceleration in the uptrend, a sign that the rally has overheated. Subsequently, a drop below 16200 has prompted leveraged buyers to exit for fear...
AUD/USD Struggles For Support
The Australian dollar came under pressure after the unemployment rate returned above 5% last month. The sell-off continued after a brief pause over the 30-day moving average near 0.7390, turning the latter into a fresh resistance. The lack of support...
GBP/USD Buried In Bearish Territory
The pound continues to retreat after Britain’s growth fell short of expectations in Q3. A break below September’s low at 1.3420 has invalidated the latest rebound, putting buyers on the defensive once again. The RSI’s double bottom in the oversold...
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