AUDJPY Declines Sharply, Short-Term Bias Back to Negative
AUDJPY posted hefty losses after rising to a five-month peak of 83.90 in early December, falling back below its 200-day simple moving average (SMA) to find support near its 50-day SMA. The pair is now trading at a one-month low,...
Dollar Slightly Lower on Job Data Miss, But Risk Aversion Still the Main Theme.
Dollar softens mildly against European majors in early US session after weaker than expected job data. But risk aversion remains the overall theme of the market. Australian Dollar stays the weakest one, followed by Canadian and New Zealand Dollar. WTI...
Apple shares fall after UBS sees weakest ‘purchase intent’ for iPhone in five years
Shares of Apple fell on Thursday after two analysts cut the tech giant’s price target on weak iPhone demand going forward. Purchase intention for iPhone “was down across the board” and most significantly in the U.S. and China, UBS analysts...
Payroll growth slows in November as labor market tightens
Companies slowed the pace of job creation in November as the labor market indicated more signs of tightening, according to a report Thursday from ADP and Moody’s Analytics. Private payrolls increased by 179,000, below the 195,000 growth expected by a...
EUR/USD – Euro Quiet Ahead Of OPEC Meeting, U.S Job Data
EUR/USD is almost unchanged in the Thursday session. Currently, the pair is trading at 1.1337, down 0.07% on the day. On the release front, German Factory Orders posted a gain of 0.3%, beating the forecast of -0.4%. In the U.S,...
Microsoft Posts Steeper Declines, Neutral In Short Term
Microsoft stock price moved lower on Tuesday, hitting the 50-day simple moving average, after finding resistance on the 112.90 hurdle. Looking at the momentum indicators, the RSI is edging lower, slightly above its neutral threshold of 50, while the stochastic...
AUD/NZD 4H Chart: Pressure By 50– And 100-Hour SMAs
The AUD/NZD currency pair has been tended south since the middle of August when it made a U-turn from the upper boundary a dominant descending channel pattern at 1.1150. The general direction is expected to remain south within the scope...
Bitcoin (BTC) Is Likely To Drop To $ 1,500
On the back of a grueling quarter, the bitcoin price could still see tougher times ahead. One analyst over at Bloomberg sees the flagship cryptocurrency possibly heading toward $1,500. Indeed, bitcoin had a dismal November, as part of a difficult...
Australian Dollar Dives Again as Risk Aversion Intensifies on Chinese Tech Giant Huawei
Risk aversion intensifies in Asian session again. In particular, Hong Kong stocks lead the decline on news of arrest of Chinese tech giant Huawei’s CFO Meng Wanzhou. The arrest is reported to be in relation to Huawei violating US sanctions...
Tesla’s China factory is set to begin production late next year, Shanghai government says
Tesla is on pace to begin production at its factory in China in the second half of next year, the Shanghai government said Wednesday. Land leveling is basically complete and construction is about to begin, with the factory expected to...
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