EUR/USD Eyes Down Towards 1.1185: Elliott Wave Analysis
USD and JPY are coming higher as stocks continue to weaken with SP500 breaking below 4500. So risk-off may resume which can allow USD to recover even more. EURUSD came higher last week after US CPI figures. Pair moved to...
Stocks making the biggest moves premarket: Travelers, American Airlines, Signet Jewelers and more
Check out the companies making headlines before the bell: Travelers (TRV) – The insurance company reported a quarterly profit of $5.20 per share, well above the $3.86 consensus estimate, with revenue also beating analyst forecasts. Travelers benefited from stronger results...
GBPJPY Moves Sideways after its December Rally
GBPJPY has been in a trading range since early January without being able to indicate a clear direction. Moreover, the pair has recently crossed below its 50-period simple moving average (SMA), indicating that negative forces might be gaining ground. Short-term...
Crude Oil Price Maintains Bullish Momentum
US equities turned positive on Wednesday after strong quarterly earnings by Morgan Stanley, Bank of America, and Procter & Gamble. The two banks published better-than-expected results, which were helped by the rising loan growth and investment banking revenues. P&G, on...
Crude Oil Price Extends Rally Above $85
Key Highlights Crude oil price started a fresh increase above the $80.00 resistance. A key bullish trend line is forming with support near $83.50 on the 4-hours chart of XTI/USD. EUR/USD declined to 1.1310, and GBP/USD found support near 1.3565....
Canadian CPI at 30-Year Highs, USD/CAD Bears Remain in Control
In an otherwise quiet morning for economic data, Canada released its closely-watched CPI data for December. On a headline basis, prices actually fell -0.1% month-over-month as expected, but you can bet that the evening news will latch onto the fact...
Equities Under Fire, Dollar Shines as Yields Soar
Stocks remain under pressure as traders position for Fed hikes Dollar outperforms, yen benefits from risk aversion, euro hammered Oil prices keep going, Canadian inflation stats in the spotlight All about the Fed Bets that the Fed will take a...
US Bond Yields Had a Roaring Start
Markets US bond yields had a roaring start coming out of a long weekend during early morning trading hours. We’ve distinguished some general drivers for the aggressive bond selloff. First, there was already some general yield momentum lingering as suggested...
UK launches crackdown on ‘misleading’ cryptocurrency ads
The crypto ecosystem has expanded significantly in recent years. While institutions such as the IMF are starting to embrace its innovation, they are also calling for investors to exercise caution. Jakub Porzycki | NurPhoto via Getty Images LONDON — The...
GBP/USD Looks for a Correction: Elliott Wave Analysis
GBPUSD was even higher last week after a break above the channel resistance line on the daily chart, so we believe that the pound has bottomed at 1.3130 area, and that we are going to see more upside after any...
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