EUR/USD – Euro Gains Ground Despite Weak German Confidence Report
EUR/USD is slightly higher in the Tuesday session, erasing the losses seen on Monday. Currently, the pair is trading at 1.1396, up 0.36% on the day. On the release front, both German and Eurozone ZEW Economic Sentiment both improved in...
AUD/USD Outlook: Bounce After Steep Fall Needs Confirmation On Break Above Important Barriers
The Australian dollar bounced above daily cloud after Monday’s inverted Hammer candle signaled stall of steep five-day downtrend. Fresh recovery was also boosted by US/China talks hopes, with oversold daily slow stochastic adding on expectations for stronger upside action. The...
Sterling Stays Pressured on Brexit Uncertainty, Asian Markets Calm after Wild Ride in US
Sterling tries to recover some ground in Asia, after yesterday’s heavy selloff. But there is no sign of a turn a round in the Pound. The Brexit parliamentary vote is now called off and UK Prime Minister Theresa May is...
Richard Fisher: ‘Horrifically bad’ education system biggest economic threat
Richard Fisher, Barclays Senior Advisor and former president of the Federal Reserve Bank of Dallas, says America’s “horrifically bad” primary and secondary education system is the biggest long-term threat to the U.S. economy. Fisher worries the U.S. will struggle to...
Stocks making the biggest moves after hours: Stitch Fix, Ascena Retail and more
Check out the companies making headlines after the bell: Shares of Stitch Fix initially jumped 10 percent and then fell more than 14 percent in after hours trading. Stitch Fix said its active clients grew 22 percent to 2.9 million...
Elliott Wave Analysis: USDJPY Trading into Possible Resistance and Reversal Zone at 113.0 – 113.35
As expected, USDJPY made a Monday rally for wave c) that can stop around 50% – 61,8% Fibo. retracement and between 113.0 – 113.35 resistance area. Monday rallies are usually fake movements, so we would not be surprised if we...
Japanese Yen Dips on as GDP Shrinks
The Japanese yen is down slightly in the Monday session. In North American trade, USD/JPY is trading at 113.00, up 0.26% on the day. On the release front, Japan’s current account surplus dropped sharply to JPY 1.21 trillion, down from...
ECB group asks legislators for more time on Ester
An alternative to Euribor, should a revamp of the benchmark to make it compliant with European regulation not be successful, can’t be done on time, according to recently published minutes from a working group formed by the European Central Bank....
Job openings back over 7 million and near a record high
There were 1 million more jobs than unemployed workers in the most recent government count of job openings, according to a Labor Department release Monday. Total available jobs stood at 7.08 million for October, the second-highest level surpassed only by...
Canadian Housing Starts Rose to 216k in November
Highlights: Year-over-year Housing starts rose to 216k in November. The 6-month trend rate inched up to 210k — the first increase in five months. In separately-released data, new building permit issuance increased to 240k. That is well above the recent...
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