Dollar and Yen Turn Softer as Markets Stuck in Range Trading
Trading in the forex markets is rather subdued today. Major pairs and crosses are staying inside yesterday’s range for now. Dollar and Yen turn softer. Sterling is in a weak recovery, but lacks follow through buying. It’s too hard for...
Yen Yawns on Strong Japanese GDP
The Japanese yen is almost unchanged in the Tuesday session. Currently, USD/JPY is trading at 104.09, up 0.04% on the day. Japan second-estimate GDP beats consensus Japan’s GDP reports have followed the trend we’ve seen across the major economies. Growth...
BOC Preview: Keeping Powder Dry While Reiterating Stimulus will Last For Years
After the adjustment in asset purchases in October, we expect BOC to keep the powder dry this week, at its last meeting in the year. Policymakers will caution about the rising number of coronavirus cases and economic impacts of tighter...
Elliott Wave View: GDX Ended Correction And Ready To Resume Higher
Elliott Wave view in $GDX suggests that the Gold Miner Index ended cycle from March low in wave ((2)) at 33.16. The Index has turned higher again in wave ((3)) with the internal unfolding as an impulse Elliott Wave structure....
Sterling Pares Losses as Johnson Decides to Travel to Brussels on Brexit Talks
Sterling pares back some of its losses as traders refused to add to bet on no-deal Brexit for now. Though, the Pound remains generally weak in Asian session today. Markets are relatively quiet elsewhere with stocks trading in mixed mode....
Market sentiment is at dot-com-bubble euphoria levels due to vaccine optimism, investor Peter Boockvar warns
Investor Peter Boockvar warns bullishness is at dangerous levels. He’s worried about investor optimism touching dot-com-bubble euphoria levels. “Sentiment has gotten as ebullient as we’ve seen in early 2000,” the Bleakley Advisory Group chief investment officer told CNBC’s “Trading Nation” on...
Is your advisor prepared for cyber attacks? Here’s what you need to know
Vasily Pindyurin | fStop | Getty Images Cyber criminals steal billions of dollars a year from financial firms. Financial advisors – and their clients – are at risk as attacks increase and grow more complex, according to security experts. “Advisors...
Euro Resumes Rally on German Manufacturing Data
After a brief pause on Friday, the euro has resumed its upswing early in the trading week. Currently, EUR/USD is trading at 1.2158, up 0.31% on the day. Euro The week ended on a bright note, as German Factory Orders...
Sterling Falls Sharply on Brexit Deadlock, Swiss Franc Surges
Sterling is heavily sold off today as risk of no-deal Brexit is increasing with no major breakthrough in the never-ending negotiations. It’s even unsure if talks will be concluded today, or continues till Wednesday. An European Commission spokesman even refused...
Euro Still Ready to Risk
On Monday, December 7th, the main currency pair is growing, trading at 1.2132, and confirms the strength of the ascending channel. Last week, the instrument renewed the highs of the last 36 months near 1.2178, but investors must have considered...
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