Sterling and Aussie Rise as Risk-On Sentiment is Back
Sterling and commodity currencies are back in driving seat on positive market sentiments. Nikkei rises sharply in Asian session, following another record close in DOW overnight. Treasury yields also appear to have settled in range after this week’s central bank...
Elliott Wave View: EURUSD Correction Maybe Completed
Short term Elliott Wave View suggests that EURUSD ended wave ((4)) pullback at 1.1834. Internal of wave ((4)) unfolded as a zigzag Elliott Wave structure where wave (A) ended at 1.1951, wave (B) ended at 1.2243, and wave (C) ended...
Stocks making the biggest moves after the bell: Ulta Beauty, Funko, Poshmark & more
Pedestrians pass in front of an Ulta Beauty store in New York. Gabby Jones | Bloomberg | Getty Images Check out the companies making headlines after the bell on Thursday: Ulta Beauty – The beauty retailer’s stock dipped about 7%...
Trend Trading with Moving Averages
Moving averages have a number of uses in technical analysis but can be particularly helpful as a trend filter when analyzing trades. This article touches on the concept of moving averages and takes an in-depth look at using the indicator...
European Central Bank Leans Against Rising Yields
Summary The European Central Bank (ECB) announced its latest monetary policy decision today. While policy interest rates and the total size of its Pandemic Emergency Purchase Program (PEPP) were left unchanged, the ECB did make one notable policy tweak. In...
EURGBP Tiptoes Around Bottom Base; Bearish Bias Holds
EURGBP is currently crawling across the floor of 0.8538-0.8557, the latter being a 1-year low on February 24, where the pair rejected the level. The gliding simple moving averages (SMAs) are dictating the bearish picture, while the flattening Ichimoku lines...
ECB to Accelerate Asset Purchase as Rising Bond Yields Tighten Market
While leaving the monetary policy measures unchanged, the ECB indicated that it would increase asset purchases in coming months. The move is a response to the rise of bond yields which could tighten the financial conditions. On economic developments, the...
Euro Mildly Softer after ECB, But Dollar and Yen Even Weaker
Euro softens mildly after ECB announced to speed up PEPP purchases in the next quarter. But loss is relatively limited as the overall envelop was kept unchanged. Dollar and Yen are currently the worst performing one for today, on the...
Weekly jobless claims rise less than expected with Biden set to sign $1.9 trillion Covid package
Weekly jobless claims rose less than expected last week, but remained above pre-pandemic levels, as the U.S. economy tried to shake off impacts from Covid-19 and employers waited to see if President Joe Biden’s $1.9 trillion stimulus would become law....
Oil Consolidates, Gold Rebounds
Oil markets continue to consolidate Having retraced nearly 50% of last week’s rally, oil markets rose modestly overnight, as both Brent and WTI consolidate recent gains. The official US crude inventory data show massive swings in inventories, gasoline and distillate...
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