Stocks Extend Gains, Retail Sales Unexpectedly Rise
Wall Street looks set to open higher, building on strong gains from Thursday. Inflation fears appear to have eased. Retail unexpectedly rise. US futures Dow futures +0.36% at 34042 S&P futures +0.3% at 4451 Nasdaq futures +0.3% at 15098 In...
Retail sales unexpectedly rise in September as consumers keep spending
Consumers spent at a much faster pace than expected in September, defying expectations for a pullback amid pervasive supply chain problems, the Census Bureau reported Friday. Retail sales for the month increased by 0.7%, against the Dow Jones estimate for...
Sterling Powers Up While Yen Accelerates Lower, Dollar Shrugs Retail Sales
Sterling steals the show today breaking through key resistance levels the Japanese Yen, and a near term low against Euro too. Dollar is trying to strengthen against Euro and Swiss Franc on strong retail sales, but momentum is sluggish elsewhere....
EUR/USD Pair Is Now Attempting A Recovery From The 1.1524 Low
The Euro started a fresh decline from well above 1.1600 against the US Dollar. The EUR/USD pair traded below the 1.1560 and 1.1550 support levels. A low was formed near 1.1524 and the pair is now attempting a recovery. It...
USD/JPY Outlook: Close Above Former High Of Nov 2018 To Signal Further Advance
The USDJPY rose further on Friday, signaling bullish continuation after larger bulls took a breather in past three-day consolidation. Fresh bullish acceleration broke above former high at 114.20 (Nov 2018) and hit new highest in nearly four years, pressuring pivotal...
AUD/NZD Evening Star Pattern Is Playing Out As Price Action Dominates
AUD/NZD technical analysis AUD/NZD has formed the valley. Historical sellers are aligning with now moment sellers. Breakout below the M H3 suggests the continuation. Target is at the M L3 level. Daily chart AUD/NZD Historical sellers. Now moment sellers. Evening...
GBP/JPY Outlook: GBP/JPY Rises To The Highest In Over Five Years
The GBPJPY was among the top performers in early Friday’s trading, as cross accelerated higher and hit the highest level since June 2016. Fresh risk appetite pushed the dollar further down and lifted sterling against its major counterparts while yen...
USDCAD On A Slippery Slope, 1.23 Next In Focus
USDCAD bears show no sign of abating as the sell-off continues for the fourth week, with the price crossing aggressively through the 1.2400 area to hit an almost three-month low of 1.2349 on Friday. The sharp downfall follows the confirmation...
GBPJPY Rallies Towards New 44-Month High, Next Stop At 160.00
GBPJPY posted six straight green days and today is continuing the bullish rally towards a fresh 44-month high around 156.57. The pair jumped well above the medium-term descending trend line and any closing candle beyond the previous high of 156.50...
US 100 Attempts A Bullish Reversal
The Nasdaq 100 rose as investors anticipate strong profit growth in the third quarter. The break above 14930 has prompted sellers to cover their positions, alleviating the bearish pressure in the process. The tech index has then secured support around...
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