S&P500: Bear Market Rally or Return to Growth?
The S&P500 is at 4150, having returned to the rebound highs of late May. The direction of the breakout outside the 4100-4200 range will determine its future for the next days or weeks. In mid-June, the S&P500 halted its correction...
GBPJPY Tests Support Trendline; Bias Bearish
GBPJPY pulled back to test the support trendline at 161.00, which connects the lows from spring, after a failed attempt to pierce its 20- and 50-day simple moving averages (SMAs) around 164.00 on Thursday. From a technical perspective, sellers seem to...
USDCAD Holding Steady Ahead of Jobs Data
USDCAD shifted to the sidelines immediately after charting a new lower low at 1.2766 in the short-term picture, unable to reach the constraining 20-day simple moving average (SMA). The technical indicators state a bearish-to-neutral bias as the RSI keeps flattening...
EUR/USD Pair in a Fresh Upward Move above $1.0165
The Euro started a fresh upward move above the 1.0165 zone against the US Dollar. The EUR/USD pair climbed above the 1.0220 resistance to move into a short-term bullish zone. The pair climbed above the 1.0240 level and settled above...
Cliff Notes: Disparate Consequences of Global Fight Against Inflation
Key insights from the week that was. 50bp rate hikes were seen in Australia and the UK this week, with both central banks also signalling that additional tightening is likely to be required in the months ahead. However, the economic...
USD/JPY Recovery Faces Hurdle, Oil Price Dives
Key Highlights USD/JPY started a recovery wave from the 130.40 zone. It is facing a major hurdle near 134.00 and 134.20 on the 4-hours chart. Crude oil price is gaining bearish momentum below the $92.50 support. The US nonfarm payrolls...
Stocks making the biggest moves after hours: DoorDash, Beyond Meat, AMC, Virgin Galactic & more
A DoorDash sign is pictured on a restaurant on the day they hold their IPO in New York, December 9, 2020. Carlo Allegri | Reuters Check out the companies making headlines after the bell: DoorDash — Shares of the food delivery...
The great unrest: How 2020 changed the economy in ways we can’t understand yet
National Guard troops pose for photographers on the East Front of the U.S. Capitol the day after the House of Representatives voted to impeach President Donald Trump for the second time January 14, 2021 in Washington, DC. Chip Somodevilla |...
Weekly jobless claims rise to 260,000 ahead of nonfarm payrolls report
Initial claims for unemployment insurance totaled 260,000 last week, near the highest level since November amid a shift in the U.S. labor market. The total for the week ended July 30 was in line with the Dow Jones estimate but...
WTI Futures Break Below 200-Day SMA, Approaching Crucial Area
WTI oil futures (September delivery) have been losing ground since early June when the price failed to surpass the 121.00 mark. Although a further decline had been rejected multiple times by the 200-day simple moving average (SMA), the price managed to...
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