Market ‘tug-of-war’ with Covid-19 may limit downside, $7.2B money manager says
Money manager Kevin Nicholson believes downside is limited for the S&P 500 through next month. Nicholson, who’s co-chief investment officer of global fixed income at RiverFront Investment Group, blames the market’s “tug-of-war” with Covid-19 news. “When we announce new vaccines,...
Pound Climbs as Inflation Beats Estimate
GBP/USD is in positive territory for a fourth straight day, as the pair continues to make inroads against the greenback. Currently, the pair is trading at 1.3305, up 0.47% on the day. British inflation beats forecast Inflation levels are an...
EUR/USD Outlook: Bulls Lose Traction at Pivotal Fibo Barrier and Generate Initial Signs of Stall
Bulls started to lose steam on approach to 1.1900 barrier as the uptrend from 1.1745 struggles at 1.1878 Fibo level (76.4% of 1.1919/1.1745) for the second day. Tuesday’s inverted hammer candle gives initial warning of stall, as candles of last...
US: Housing Starts Continue to Defy Expectations in October
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 of the information is...
Yen Mildly Higher in Subdued Markets, Dollar and Euro Soft
Dollar and Euro are both trading mildly lower in a relatively subdued, consolidative markets today. Yen and Kiwi are, on the other the stronger ones. There is no clear sing of range breakout yet. Pfizer provided another piece of upbeat...
GBPJPY Holds Within Squeezed Bollinger Band, Lacks Direction
GBPJPY has been moving in a horizontal trajectory over the last week, failing to improve the rebound on the 137.60 support level. The Bollinger band is squeezing, suggesting a neutral bias, and the momentum indicators are flattening. The MACD is...
Markets Turned into Consolidations, Gold Weakness Might Help Dollar
The financial markets generally turned into consolidation for now as vaccine boost faded. Commodity currencies are mildly softer in Asian session, together with Dollar. On the other hand, Swiss Franc and Yen are the firmer ones, together with Sterling. For...
Gold Price Approaching Next Key Break, Dollar Weakens
Key Highlights Gold price is trading above the $1,850 and $1,860 support levels. A major bullish trend line is forming with support near $1,870 on the 4-hours chart of XAU/USD. EUR/USD climbed above 1.1850, and GBP/USD surpassed the 1.3200 resistance....
Ant Group is still capable of securing the world’s biggest IPO, says Chinese investor
Liu Qiang, Vice President of Fosun Technology and Financial Group, Deputy Chairman of Hani Securities, speaks with Arjun Kharpal, Senior Correspondent of CNBC, during Day 1 of CNBC East Tech West at LN Garden Hotel Nansha Guangzhou on November 17,...
Asia Morning: U.S. Stocks Take A Breather
On Tuesday, U.S. stocks took a breather after a recent strong run. The Dow Jones Industrial Average dropped 167 points (-0.56%) to 29783, the S&P 500 fell 17 points (-0.48%) to 3609, and the Nasdaq 100 was down 35 points...
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