GBP/USD Trades Below 1.3250
During Friday morning hours, the GBP/USD exchange rate tumbled below 1.3250. It is likely that the currency pair could gain support from the weekly S2 at 1.3174 and reverse north in the nearest future. Note that the pair could face...
EUR/USD Remains Below 1.2160
Since Thursday, the EUR/USD currency pair has been testing the psychological level at 1.2160. It is likely that the exchange rate could gain support from the 55-, 100– and 200-hour SMAs in the 1.2110 area. Thus, some upside potential could...
US 30 Index Falls Slightly, Broader Outlook Is Positive
The US 30 stock index (Cash) is edging south from its freshly logged all-time-high of 30,313.56. Positive sentiment seems to be taking a breather as the momentum indicators are losing some momentum. The MACD, in the positive region, is holding...
EUR/USD Bulls Are Waiting For Retracement
The EUR/USD is bullish. The price is in retracement, so if the market drops to the POC zone we will possibly see a bounce. 1.2070-80 is the zone where bouce is expected. We can also see historical buyers at the...
Australian Dollar Accelerates Up with Iron Ore Prices, Euro Capped after Post ECB Rally
Accelerating rally in iron ore prices pushes Australian broadly higher today, on the back of steadily firm risk sentiment. The Aussie is currently the strongest one for the week, followed by New Zealand Dollar, while Canadian is not far away,...
ECB Extends PEPP, APP and TLTROs to At Leaset Until Mid-2022
As promised, the ECB “recalibrated” the existing monetary policy measures at the December meeting. The aim is to ensure that the current level of stimulus remains in presence through to 2020. On the economic projections, the staff revised lower the...
Stock futures flat as stimulus deal remains unresolved
Stock futures were flat in overnight trading on Thursday as the future for additional fiscal stimulus remained uncertain. Futures on the Dow Jones Industrial Average gained about 50 points. S&P 500 futures and Nasdaq 100 futures were both little changed....
Rising unemployment claims could be foreboding for the economy
The surprise jump in new jobless claims filings to the highest level since mid-September signals a weakening in the labor market that could drag down the economy into the first quarter. Initial claims for state unemployment benefits jumped to 853,000,...
Jobless claims rise more than expected after break from holiday
The pace of weekly jobless claims jumped last week after filings caught up with a decline due in part to the Thanksgiving holiday. First-time claims for unemployment insurance totaled 853,000, an increase from the upwardly revised 716,000 total a week...
Pound Flat as Manufacturing Data Jumps
The British pound is showing little movement in the Thursday session. GBP/USD is currently trading at 1.3304, up 0.06% on the day. GDP slows in October The monthly GDP report slowed to a crawl in October, with a gain of...
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