USDCAD Losses Ground; Long-Term Bullish Outlook Maintained
USDCAD has retreated from its December high amid strengthening negative momentum, and is currently found near its lower Bollinger Band indicating that an immediate upward movement should not be ruled out. However, despite the negativity in the short-term, the price is...
Currency Pair of the Week: XAU/USD
It may be an opportunity for gold bugs to enter the market if investors decide to jump back into the inflation-hedge precious metal! Gold (XAU/USD) is considered to be a hedge to inflation. Having said that, traders may be wondering...
Equity Indices Trade Mixed amid Holiday Impact and Recent Gains on Wall Street
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Yen Broadly Lower as S&P 500 Makes New Record
Yen is trading broadly lower this week, and remain soft in Asian session, following the rally in US stocks overnight. Dollar is also weak in risk-on markets, while Euro is not far away. On the other hand, Sterling is so...
Starboard Value builds 6.5% stake in GoDaddy, sending shares up 8%
Spencer Platt | Getty Images Activist investor Starboard Value has taken a 6.5% stake in GoDaddy, sparking a rally in stock of the web services company. The hedge fund bought more than 10,000 shares of GoDaddy, worth about $800 million,...
Australian Dollar Trading Sideways
Tis the week of Christmas, which means eggnog, crackling fireplaces and thin liquidity in the markets. With Australian markets closed on Monday, the Aussie has shown little movement today and this should continue in the North American session. There are...
Gold Gains Struggle above 1,800 Mark
Gold’s recent positive traction off the mid-Bollinger band after a price bounce within the 1,750-1,763 support region is having trouble soaring past the 1,809-1,815 resistance belt. The converged simple moving averages (SMAs) are currently not endorsing any clear trend in...
Brent is Consolidating
Early in the final week of December, the Brent price is looking quite stable; the asset is trading at $76 and it can be assumed that the situation won’t dramatically change until the end of the year. However, in January...
Stocks making the biggest moves premarket: GoDaddy, Apple, Cigna and others
Check out the companies making headlines before the bell: Airline stocks – The major carriers saw their shares fall in the premarket after a surge in weekend cancellations due to staffing issues. United Airlines (UAL) slid 1.8%, American Airlines (AAL)...
Cautious Mood in Holiday-Thinned Trade
Asia drifts lower despite China support but European shares eye gains Rising virus cases put investors on edge as doubts re-emerge about Omicron impact Commodities pressured, dollar firms, pound advances Subdued start to final week of 2021 Markets were struggling...