Technical Outlook and Review
DXY: On the H4, prices are on bearish momentum and abiding to our descending trendline. We see the potential for a dip from our 1st resistance at 95.927 in line with 23.6% Fibonacci retracement and 38.2% Fibonacci retracement towards our...
Leading Banks Forecast for 2022: JPY, GBP, CAD, AUD, CHF, SEK, CNH
We talked a week ago about what experts from the world’s leading banks and agencies think about the behavior of the EUR/USD pair in the coming 2022. And the fact that we paid attention to it in the first place...
Week Ahead: Omicron, OPEC+, and NFP to Start the New Year
Happy New Year! As we change the calendars from 2021 to 2022, many of the same themes will continue, including rising inflation and the coronavirus. Although we do have a few inflation data points this week (several CPI releases and...
FDIC chair intends to resign in February, giving Biden more say over bank regulation
Jelena McWilliams, chair of the Federal Deposit Insurance Corporation (FDIC), during a Senate Banking, Housing, and Urban Affairs Committee hearing in Washington, D.C., U.S., on Tuesday, Aug. 3, 2021. Al Drago | Bloomberg | Getty Images Jelena McWilliams, the head...
S&P 500 ends 2021 with a nearly 27% gain, but dips in final trading day
U.S. stocks finished their final trading session of the year lower, capping off a record-setting 2021 that came despite the persistent headwinds of Covid-19. The Dow Jones Industrial Average on Friday fell 59.78 points, or 0.16%, to 36,338.30. The S&P...
Stocks making the biggest moves midday: Pfizer, Peloton, Carnival and more
Paxlovid, a Pfizer’s coronavirus disease (COVID-19) pill, is seen manufactured in Ascoli, Italy, in this undated handout photo obtained by Reuters on November 16, 2021. Pfizer | Handout | via Reuters Check out the companies making headlines in midday trading....
Stocks making the biggest moves premarket: Exxon Mobil, Pfizer, Peloton and others
Check out the companies making headlines before the bell: Exxon Mobil (XOM) – The energy giant signaled that it will report a fourth consecutive quarterly profit, thanks in large part to stronger oil and gas prices. The snapshot of fourth...
Market Morning Briefing: Dollar-Yen Has Paused Below 115
STOCKS Dow and Dax have risen sharply today and can test 37000 and 16200 on the upside respectively. Nikkei and Shanghai have come down, but have supports at current levels which if holds can produce a bounce towards 29500 &...
Euro Hovers At 1.13 Line
On the final day of 2021, the major pairs are stuck in tight ranges. The euro is trading quietly at 1.1310 in the European session. This holiday week was characterized by a dearth of economic releases and illiquid markets. That...
Hang Seng Outperforms, HK TECH Index Bounces After Tough Year
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