GBPUSD Make Or Break
The British pound has fallen sharply against the US dollar this morning as bulls failed to hold the pair above the technically important 1.3780 level. GBPUSD buyers need the price above the 1.3740 level to increase the chances of a...
EUR/USD Pair Is Now Correcting Lower And Trading Below 1.1980
The Euro gained pace after it broke the 1.1900 resistance zone against the US Dollar. The EUR/USD pair even broke the 1.1950 resistance to move into a positive zone. It spiked above the 1.1980 level and traded as high as...
GOLD Breaks March High
The yellow metal’s price has reached above the March high level zone that was located above the 1,755.00 level. On Friday, the price found support in the 1,760.00 level. Due to that reason the zone was extended and remains on...
Falling Yields Boosts Stocks and Sentiments, Dollar in Consolidations
Sharp decline in US treasury yields overnight boosted DOW and S&P 500 to new record highs. Positive sentiments also somewhat carried on in Asian session today, as supported by solid data from China. The forex markets are quiets, however. Dollar...
FTSE Elliott Wave View: Pullback Should Continue To Find Buyers
Short term Elliott wave view in FTSE Index suggests that the rally from February 27 is unfolding as a 5 waves impulse Elliott Wave structure. Up from February 27 low, wave ((i)) ended at 6812.78 and pullback in wave ((ii))...
Stock futures are flat in overnight trading after Dow closes above 34,000 for the first time
Traders on the floor of the New York Stock Exchange. Source: NYSE Stock futures were little changed in overnight trading on Thursday after the Dow Jones Industrial Average crossed the 34,000 threshold for the first time ever. Futures on the...
EURUSD Advances Freeze ahead of 1.2000 Mark
EURUSD has significantly improved extending above the simple moving averages (SMAs), yet it has come just short of the 1.2000 psychological number. The near-term rally, which found footing at the five-month low of 1.1703 has now retreated from the durable...
Swiss Franc at 6-Week High, PPI Next
The Swiss franc is drifting in the Thursday session. Currently, USD/CHF is trading at 0.9226, up 0.08% on the day. Swiss franc continues to swell Despite the best efforts of the Swiss National Bank (SNB), the Swiss franc continues to attract...
China Set to Post Record Q1 GDP Growth, But Bounce May be Short-Lived
China was the only major economy in 2020 that managed to grow for the full year, proving that it’s possible to leave the pandemic wreckage behind. The pace of the recovery is expected to have accelerated in the first quarter...
Strong US Data Boosts Futures, But Dollar Has Little Reaction
A batch of very strong US economic data shoots DOW futures sharply higher ahead of open. Retreat in 10-year yield is also helping sentiments mildly. But Dollar is having little reaction so far, except recovery mildly against Euro and Swiss...
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