GER 30 Index Eyes February’s Record High, Bias Bullish
The German 30 index (cash) is in a breathing distance from February’s record high of 13,826 after finally breaching the tough resistance bar of 13,460. The technical picture continues to look constructive for additional gains as the red Tenkan-sen line...
GBPUSD Maintains Bullish Tone Despite Pullback
GBPUSD is currently finding some footing on the mid-Bollinger band around 1.3491, after reversing from a resistance band of 1.3607-1.3629, where it formed a 31½-month high of 1.3623. The rising simple moving averages (SMAs) are continuing to back price’s intact...
USD Index Outlook: Dollar Consolidates Above New 2 1/2 Year Low Before Bears Resume
Bears are taking a breather above new 2 1/2 year low on Friday, as traders collected some profits on 1% weekly fall. The dollar index broke through psychological 90 support, generating bearish signal for extension towards key med-term support at...
USD/JPY Trades Near 103.60
On Thursday, the USD/JPY currency pair reversed north from the support level—the weekly S3 at 103.00. From the one hand, it is likely that the exchange rate could remain under pressure of the 100-hour SMA near 103.60. Thus, the rate...
AUD/USD Bulls Likely To Prevail
The Australian Dollar surged by 58 points or 0.77% against the US Dollar on Thursday. The currency pair breached the weekly R1 at 0.7610 during yesterday’s trading session. All things being equal, the exchange rate could continue to edge higher...
Dollar Paring Losses While Yen Crosses Turning Up
Dollar recovers broadly today as markets turn into consolidative mode. The greenback pars back some of f the previous selloffs. but remains the worst performing one for the week. Canadian Dollar and Swiss Franc follow as the next weakest. On...
Stock futures modestly lower after major averages close at record highs
U.S. stock index futures were modestly lower in overnight trading on Thursday, after the major averages closed at new highs. Futures contracts tied to the Dow Jones Industrial Average fell 44 points. S&P 500 futures declined 0.09%, while Nasdaq 100...
US: Housing Starts Continue to Rise in November
TD Bank Financial Grouphttp://www.td.com/economics/ The information contained in this report has been prepared for the information of our customers by TD Bank Financial Group. The information has been drawn from sources believed to be reliable, but the accuracy or completeness...
Weekly jobless claims unexpectedly rise, hit highest level since early September
Jobless claims unexpectedly rose last week as states reimposed coronavirus restrictions as lawmakers struggle to push through new government aid, according to a Labor Department report Thursday. The number of first-time unemployment-benefits filers totaled 885,000 in the week ending Dec....
Jobless Claims Continue to Rise, Oil and Gold Rally on Weaker Dollar, Bitcoin Party Continues
US stocks are rallying on COVID relief bill optimism and hopes that a post-Brexit trade deal will be reached by Sunday. Wall Street is completely focused on stimulus talks and ignored deteriorating US economic data, except for the robust housing...
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