AUD/USD Breaks December High Level
On Thursday morning, the Australian Dollar succeeded against the US Dollar in its second attempt to book a new December high level. Previously, the 0.7222 level held and caused a retracement down to the 0.7200 level and the weekly R1...
EUR/JPY Extends Its Surge To 129.50
On Wednesday, the EUR/JPY currency exchange rate passed the resistance of the 129.00 mark and the technical levels that were strengthening it. Afterwards, the 129.00 level was confirmed as support and the pair almost immediately reached the 129.50 level. By...
Stocks Extend Gains As Omicron Studies Spread Some Festive Cheer
Relief rally set to continue for another day as trading volumes thin out Sluggish euro and yen keep dollar afloat as riskier currencies make further advances Will US data spoil the fun before the long holiday weekend? Markets shrug off...
AUDUSD Fights Back And Climbs Above 0.72 Mark
AUDUSD is tackling the 0.7225 barrier as upside efforts persist after the recent bounce of the pair within the 0.6963-0.7020 critical support base, which is defending the broader positive structure. Despite the latest price improvements, the falling simple moving averages...
World Stock Indices Grow Despite The Omicron Disease Rise
Yesterday, by the close of the stock exchange, the S&P 500 (US500) increased by 1.0%, the Dow Jones Industrial Average (US30) gained 0.7%, and the Nasdaq (US100) added 1.2%. Positive statistical data provided significant support to the market. The US...
As The Vol Episode Of December Subsides A Better Prognosis Emerges For The NZDUSD
This week, a sense of calm has returned, supported by another round of research that shows the Omicron variant is less likely to require hospital treatment than the Delta variant. Along with economic data released overnight that showed the Omicron...
USDCAD Posts Losses After Meeting 1-Year High
USDCAD is retreating after the pullback off the one-year high of 1.2960 after a strong rally from the 1.2600 support level. The flat mode in the RSI indicator confirms the recent weak momentum on price, while the stochastic oscillator is...
GBPJPY Extends Swift Upturn, Key Resistance Overhead
GBPJPY has swiftly turned up following the consolidation around the 149.50 support area, with the price breaching the limits from the 200-day simple moving average (SMA) to peak at a one-month high, nearly around the 153.00 level early on Thursday....
Dollar and Yen Down But Not Out in Pre-Holiday Trading
Yen and Dollar are currently the weakest ones for the week, but both are bounded inside last week’s range against most other trading currencies. The development is in line with the stock markets, where major US indexes closed higher overnight,...
Stock futures rise slightly as market looks to extend comeback rally to a third day
Stock futures were slightly higher Wednesday evening following the second trading day in which equities climbed higher, as investors looked past earlier jitters about the spread of the omicron Covid variant. Futures contracts tied to the Dow Jones Industrial Average...