EUR/USD Analysis: Decline Finds Support
The decline of the EUR/USD resumed on Thursday. However, it immediately found support in the 1.1563/1.1568 zone. The zone held the pair up from 10:00 GMT up to 01:30 GMT, when a recovery appeared to have started. During the early...
GBPUSD Falls Without A Parachute
GBPUSD sliced through some crucial support levels this week, erasing all its gains for the year. The pair rebounded off the 1.3410 support region, but there’s a series of lower highs and lower lows forming since early June. Indeed, the...
AUD/NZD Still In Downtrend But The Price Is Retracing
AUD/NZD is in downtrend and the price has retraced to the POC zone. We might see a mover soon. 1.0440-82 is the POC zone where the price could bounce up or down. If 1.0498 breaks to the upside we should...
EUR/USD Pair Is Now Attempting A Recovery From The 1.1562 Low
The Euro started a fresh decline from well above 1.1700 against the US Dollar. The EUR/USD pair traded below the 1.1650 and 1.1620 support levels. The pair even declined below the 1.1600 zone and settled below the 50 hourly simple...
US Averts Shutdown, But Market Mood Remains Sour
The US government won’t be shut today, as Joe Biden signed a funding bill that should keep the US government agencies running until December 3rd. But that doesn’t resolve the whole debt ceiling issue, nor avert the risk of an...
USD/CAD Bounces Off Support
On Thursday, the US Dollar declined by 88 pips or 0.69% against the Canadian Dollar. The currency pair tested the lower boundary of an ascending channel pattern during yesterday’s trading session. Given that the support level of 1.2580 holds, bullish...
Yen Rebounds on Steep Selloff in Stocks, ISM and PCE in Focus
Yen recovered much ground as US stocks tumbled steeply overnight. Meanwhile, Dollar remains generally firm, as partly supported by resilient treasury yields. Selling in Euro and Sterling slowed a little bit while commodity currencies are turning softer. ISM manufacturing and...
Stocks making the biggest moves midday: Bed Bath & Beyond, Kohl’s, CarMax and more
A shopper walks past a Bed Bath & Beyond Inc. store Andrew Harrer | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Bed Bath & Beyond – Shares of the big-box retailer plunged 22% after the company...
Yellen lends support for effort to remove the debt ceiling altogether
Janet Yellen, U.S. Treasury secretary, speaks during a House Financial Services Committee hearing in Washington, D.C., U.S., on Thursday, Sept. 30, 2021. Sarah Silbiger | Bloomberg | Getty Images With a potential default looming for the U.S. in October, Treasury...
RBNZ Preview – Rate Hike Cycle Begins
The RBNZ is almost certain to raise the OCR by +25 bps to 0.5% next week. The Funding-For-Lending program (FLP) will stay unchanged at NZ$28B. This should not be affected by the slowdown in economic activities in the third quarter....
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