Market Morning Briefing: Euro Has Dipped Slightly After Testing 1.2150
STOCKS Some sign of weakness is emerging in the indices like the DAX, Sensex and Nifty. But the Dow and Nikkei are still keeping alive the chances of seeing some more rise to 31500-32000 and 30000 respectively from current levels...
Retail investors’ thirst for small caps has merit, Wells Fargo’s top strategist suggests
A popular spot targeted by retail investors may deliver the year’s biggest gains. Wells Fargo Securities’ Chris Harvey said he believes the affinity for small caps has merit because growth stocks have gotten so expensive. “Retail is very influential,” the...
Fed Chair Powell says rates will stay low for a while, citing bleak jobs picture
Federal Reserve Chairman Jerome Powell on Wednesday painted a dour picture on the state of U.S. employment, saying continued aggressive policy support is needed to fix the myriad issues still facing workers. Addressing the issue will require a “patiently accommodative...
EURGBP Edges Sideways Around 9-Month Low
EURGBP is consolidating around lower levels not reached in nine months, capped by the 50-period simple moving average (SMA). The Ichimoku lines are reflecting the pause in negative momentum, while the downward sloping SMAs are defending the short-term bearish demeanour...
Markets Deflated after Data Miss
Another relatively flat session on Wednesday, with stock markets running out of steam a little after an impressive run over the prior week. We’ve seen plenty more optimism in these markets recently. Covid numbers are finally improving, the vaccine rollout...
Dollar’s Fall Continues as Core CPI Slows, Sterling Rises With UK Yields
Dollar’s selloff continues in early US session and it’s extending after weaker than expected core CPI reading. Sterling is lifted by strength in UK yield today, with 10-year Gilt yield hitting as high as 0.494 so far. It could try...
The Stock Market Continues To Set New Records. The Dollar Is Falling
On Tuesday and Wednesday, there is a continuation of the rally in the stock markets. The S&P 500 index reached the level of 3200 in the Asian session, while the credit market remained calm. In the absence of an important...
USD/TRY Outlook: Bears Are Consolidating Above Psychological 7.00 Support
The USDTRY holds in sideways mode above psychological 7.00 support for the third day, following 3.5% drop last week. Larger bears face headwinds as corporate buyers are seen at 7.00 zone, also reinforced by the top of rising thick daily...
Stock futures rise slightly after equities snap six-day winning streak
U.S. stock rose slightly in early morning trading on Wednesday following the regular session that snapped a six-day winning streak on Wall Street. Dow futures rose 74 points. S&P 500 futures and Nasdaq 100 futures also both traded in mildly...
Dollar Selloff Continues as Risk Sentiment Stabilizes, More Downside Likely
Dollar stays broadly weak in Asian session today even though general sentiments stabilizes. Risk-seeking trading is taking a breather somewhat after US stocks hit new intraday higher overnight. Euro is currently the stronger one for today, followed by Sterling. But...
Signal2forex.com - Best Forex robots and signals




