Yen Weakens as Stocks and Oil Rebound
Yen dropped broadly overnight as US stocks rebounded and stays soft in Asian session. Canadian Dollar also pare back some losses as WTI crude oil recovered back above 70 handle. But overall markets are generally mixed in holiday mood. Euro...
Stocks making the biggest moves midday: Citrix Systems, Boeing, Nike, Kellogg and more
Pedestrians cross a street in front of a Rite Aid store in Oakland, California. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Rite Aid — Shares of Rite Aid rallied 21.3%...
US PCE Inflation Expected to Jump; Fed’s Hawkish Turn Relieves Markets
The US dollar has been roaring lately, capitalizing on the risk-off sentiment in the markets caused by the Omicron variant. This week, dollar bulls will be closely eyeing the barrage of the last major US data releases of the year....
Risk Sentiment Flip-Flops, Canadian Dollar Shrugs Retail Sales
Risk sentiment continues to flip-flop in pre-holiday markets. Major European indexes and US futures are trading slightly higher. Swiss Franc, Yen and Dollar are all trading generally lower, while Kiwi and Aussie are trading higher with Sterling. Canadian Dollar appears...
EUR/USD Finds Support In Pivot Point
Since mid-Monday, the EUR/USD has been fluctuating between the support of the weekly simple pivot point at 1.1276 and the resistance of the 1.1302/1.1305 zone. In the case that the rate drops below the weekly simple pivot point at 1.1276,...
Risk Sentiment Recovers
ActionForex.com was set up back in 2004 with the aim to provide insightful analysis to forex traders, serving the trading community for over a decade. Empowering the individual traders was, is, and will always be our motto going forward. Contact...
USD/TRY Outlook: Lira Has Registered The Record One-Day Rally On President Erdogan’s
USDTRY was the top performer on Monday and early Tuesday, in a generally slowing pre-holiday market, shook strongly twice by the comments from Turkish President Erdogan. The currency accelerated to new historical low against the US dollar below 18 mark...
US 30 Struggles For Support
The Dow Jones retreated as major countries imposed curfews ahead of the holiday season. Following a double top under 36200, a drop below 35450 has broken buyers’ attempt to resume the rally. The index is struggling to hold above the...
Yen Mildly Lower as Asia Rebounds, Canadian Dollar in Weak Recovery
Yen trades mildly lower today, as Asian markets recover despite the steep fall in US overnight. Swiss Franc and Dollar are also soft. On the other hand, commodity currencies are all recovering mildly, but momentum is weak. Overall, the forex...
‘Santa rally’ won’t rekindle due to omicron risks and profit-taking, PNC Financial’s CIO predicts
PNC Financial is throwing cold water on the fourth-quarter rally. Covid omicron fears will take a heavy toll on risk appetites over the next two weeks, according to Chief Investment Officer Amanda Agati. “We’ve already gotten the Santa rally,” she...