Stocks Edge Lower as Quarter Draws to a Close
Stock markets are a little lower on Thursday, bringing an end to a disappointing quarter and going into a new one fraught with risk. There’s an enormous amount of uncertainty in the markets at the moment and that’s clearly taken...
Selling Focus Turns to Euro as Dollar Digests Gains
As Dollar is digesting this week’s yield supported rally today, selling focus is turning to Euro, in particular in crosses. Meanwhile, firmer overall risk sentiment is supporting commodity currencies and Sterling, with Aussie being the stronger one. Yen and Swiss...
NZD/USD Nosedives Below 0.7000, Dollar Rallies
Key Highlights NZD/USD started a major decline below the 0.7000 support. It broke a declining channel with support near 0.6950 on the 4-hours chart. EUR/USD declined below 1.1650, and GBP/USD accelerated lower towards 1.3400. The US Gross Domestic Product could...
Gold Is Bearish But Watch For 1712-23 Zone
Gold is bearish below 1750. The price is below the important level 1750 but getting close to another support. The support 1712-1723 is critical. If the price breaks below 1712 we should see a retest of 1675. Bulls might try...
King Dollar Reclaims Throne, Stocks Stabilize
Dollar powers higher as traders play defense, sterling in pain Stocks stabilize amid some bargain hunting but remain fragile Gold trades heavy, government shutdown vote in Congress today Dollar takes no prisoners The US dollar sliced through several crucial resistance...
AUDUSD Bounces Off 1-Month Low Below 0.72
AUDUSD has been underperforming in the past two days, diving to a one-month low of 0.7172 and remaining below the Ichimoku cloud and the short-term simple moving averages (SMAs). However, today, the price is ticking up again with the RSI...
Dollar Breaking Key Resistance Levels as Yields Hold Firm
Dollar retreats mildly in Asian session but remains the strongest one over the week. The rally in treasury yields appear to be taking a breather. But 10-year yield is holding firm above 1.54 handle, while 30-year yield is also above...
Stock futures are higher after rising rates hit tech stocks
U.S. stock index futures rose during overnight trading on Wednesday, after tech stocks dipped again as investors digest the impact from higher rates. Futures contracts tied to the Dow Jones Industrial Average gained 141 points. S&P 500 futures and Nasdaq...
Japan Poised to Swear in a New PM as GBP/JPY Approaches Key Support
FX traders seem cautiously optimistic on Kishida’s potential impact on the yen… Overnight, Japan’s Liberal Democratic Party (LDP) voted former foreign minister Fumio Kishida as its new leader, and Kishida is now expected to be sworn in as Prime Minister...
Wobbly Pound Falls to 14-Week Low
The British pound has extended its losses in the Wednesday session. GBP/USD is currently trading at 1.36485, down 0.36% on the day. Pound slides on petrol shortage The pound plunged 1.15% on Tuesday, its worst daily performance in over a...
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