Stocks Surge on US Elections, Dollar and Yen Weak But No Follow Through Selling Yet
Movements in the forex markets in reaction to the US elections were relatively indecisive, comparing to the strong risk-on moves in the stocks. There is no clear follow through selling in Dollar and Yen so far, while commodity currencies are...
Gold Price Approaching Next Crucial Break
Key Highlights Gold price is recovering higher, but it is facing a strong resistance near $1,910. A significant bearish trend line is forming with resistance near $1,915 on the 4-hours chart of XAU/USD. EUR/USD recovered above 1.1700, but GBP/USD failed...
Laid off again? Here’s what you need to know about collecting unemployment benefits
JEFF KOWALSKY | AFP | Getty Images Many workers may be at risk of losing their jobs again as some areas are imposing or considering new shutdown orders to curb a surge in coronavirus cases. A judge in El Paso...
What We Know About the US Election So Far
Votes continue to be counted in the US and the outcome hangs on a knife’s edge. It is so close that the next President will be decided by Michigan and Pennsylvania, where Donald Trump is currently leading, though that could...
NZ Dollar Hits 6-Week High, Then Retreats
The New Zealand dollar is showing strong volatility in the Wednesday session. Early in North American trade, the pair is trading at 0.6669, down 0.40% on the day. On Tuesday, NZD/USD recorded sharp gains, climbing 0.95%. The volatility has continued...
Yen and Franc Rise as US Election Has No Clear Winner Yet
Volatility continues today as US Presidential election vote counts are released. The final results are unknown at this point, narrowed down the results of just a few states. At the time of writing, Yen is the stronger one, followed by...
Private payroll growth slows in October, well below expectations
A worker wearing a protective mask and gloves assembles face shields at the Cartamundi-owned Hasbro manufacturing facility in East Longmeadow, Massachusetts, on Wednesday, April 29, 2020. Adam Glanzman | Bloomberg via Getty Images Private job creation showed a sharp deceleration...
EUR/USD Remains Below 200-Hour SMA
On Tuesday, the EUR/USD currency pair pierced the 200-hour SMA near 1.1750. During today’s morning, the pair reversed south. It is likely that the exchange rate could remain under pressure of the given moving average and trade downwards in the...
USD/JPY Is Highly Volatile
During Tuesday, the USD/JPY currency pair depreciated slightly. During today’s morning hours, the pair was highly volatile due to the US Presidential election. From a technical perspective, it is likely that some upside potential could prevail in the market, as...
US Dollar Sinks As US Election Results Stream-In
The US dollar is up sharply as the market reacts to the streaming results from the United States. The dollar index is up by more than 0.90%, which is a sign that the market is getting cautious over the results....
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