Aussie Rises Further as Risk-On Sentiment Continues
Market sentiment is generally positive in Asian session today. Australian and New Zealand Dollar are extending near term rebound. Other currencies are mixed, though. Canadian Dollar is paring some gains, after the non-eventful BoC rate decision. Sterling is trying to...
Stocks making the biggest moves after hours: GameStop, Lucid Group, RH & more
A man looks at GameStop at 6th Avenue on February 25, 2021 in New York. John Smith | Corbis News | Getty Images Check out the companies making headlines in after-hours trading: GameStop — Shares of the video game retailer...
ECB: Eurozone Monetary Policy to Remain Relatively Accommodative, For Now
Summary The European Central Bank’s (ECB) December 16 monetary policy announcement looms as a key event for market participants, as the central bank considers whether to bring its emergency asset purchase program to an end. Economic trends are mixed heading...
GBPJPY’s Guiding Forces Fade but Bearish Bias Lingers
GBPJPY is trading around the mid-Bollinger band at 150.23, curbed by the 50-period simple moving average (SMA), which continues to hamper advances even after the bounce around the 149.00 mark. The falling SMAs continue to endorse the pair’s negative trajectory...
Sterling Tumbles as UK Said to Return to Restrictions, Pfizer News Lifts Sentiments
Much volatility is seen in the markets today, in particular in Sterling. The Pound tumbled sharply on news that the UK Government to going to activate a plan B and impose some restrictions as soon as on Wednesday, due to...
Americans plan robust spending this holiday season, but worry about inflation, supply bottlenecks
Shoppers at the King of Prussia mall in King of Prussia, Pennsylvania, on Saturday, Dec. 4, 2021. Hannah Beier | Bloomberg | Getty Images Americans plan to spend with gusto this holiday season despite concerns about the economy and inflation...
S&P 500 Price Is At The Crossroads: Daily Candlestick Close Is Important
S&P 500 technical analysis S&P500 is bullish. The price might reject off 88.6. The market is at important level. It will bounce or reject. Daily chart S&P 500 Pinbar high. Swing low. The entry zone. Target High. Target Low. The...
Oil Jumps, Gold Steady On Omicron
Oil surges on lower omicron concerns Oil prices rose overnight as omicron concerns continued to fade, and US API Crude Inventories showed a surprise draw of 3.1 million barrels. Assuming momentum remains positive in global markets, a fall in official...
USD/CAD Pair Is Currently Consolidating Losses From The 1.2632 Low
The US Dollar started a major decline from well above the 1.2800 level against the Canadian Dollar. The USD/CAD pair traded below the 1.2720 support zone to move into a bearish zone. There was a close below the 1.2700 level...
Canadian Dollar Strong on Risk-On Sentiment, as BoC Awaited
Following return of risk-on sentiment, commodity currencies are currently the best performers for the week. On the other hand, Swiss Franc and Yen are trading broadly lower, followed by Euro and Dollar. The economic calendar is very light today and...