BTCUSD $33,000 Pivot
Bitcoin is struggling to make upside traction as the broader cryptocurrency market still remains entrenched in a bear market. The four-hour time frame shows that the $33,000 level is the neckline of a bearish head and shoulders pattern and is...
Two Trades To Watch: FTSE, EUR/GBP
FTSE rebounds although GDP disappoints European indices are expected to open higher after steep declines in the previous session. Concerns over the health of the global recovery, rising Delta cases, the Fed moving towards tapering and weaker commodity prices dragged...
Euro Losing Downside Momentum Against Dollar as Sentiments Stabilized
Yen and Swiss Franc turn softer today as overall sentiments stabilized. US stocks once again pared back much of earlier losses overnight and closed just slightly down. Asian markets were just mixed only, with Nikkei also reversing most of earlier...
EUR/USD Breakout Could Occur
Upside risks dominated the EUR/USD currency pair on Thursday. As a result, the common European currency rose by 77 pips or 0.65% against the US Dollar during Thursday’s trading session. The exchange rate is currently trading near the upper boundary...
European Open: All Eyes On Risk Sentiment, UK Data Up Next
Whilst currency markets paused for breath overnight, much of the Asian share market was trading lower ahead of today’s open. Asian Indices: Australia’s ASX 200 index fell by -113.4 points (-1.54%) and currently trades at 7,228.00 Japan’s Nikkei 225 index...
Stocks making the biggest moves after hours: Levi Strauss, General Motors, Accolade and more
A sign in front of the Levi Strauss & Co. headquarters on April 09, 2021 in San Francisco, California. Justin Sullivan | Getty Images Check out the companies making headlines after the bell Thursday: Levi Strauss — Shares of Levi...
Pound Edges Lower, GDP Next
The British pound is in negative territory on Thursday. In the North American session, GBP/USD is trading at 1.3760, down 0.29% on the day. There are no British events on today’s schedule, and predictably, the pound is having a quiet...
The One Variable that Explains this Week’s Big Market Moves…and What It Means for CAD/JPY
Over the last several months, many markets have become one-way trades, attracting trend-following speculators and leading to excessive positioning in several of the planet’s most-traded assets. For a generally quiet post-holiday, pre-earnings week, we’ve certainly seen some big market moves...
EURUSD Remains Heavy as Rebound Curbed by 50-MA
EURUSD has been logging green candles after finding its footing around a three-month low of 1.1780 and is pushing up against the 50-period simple moving average (SMA) at 1.1856, which has dismissed previous bounces ever since it adopted a downwards...
Swiss Franc and Yen Soar on Deep Risk Averse Sentiment
Risk aversion generally dominates the global markets today. Following selloff in Asia, major European indexes open lower and are trading down around -2%. DOW future is also losing around -500pts. Swiss Franc and Yen are overwhelmingly the strongest ones for...
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