USD/NOK 4H Chart: Two Scenarios Likely
Since the beginning of October, the USD/NOK exchange rate has been trading upwards within an ascending channel. From a theoretical point of view, it is likely that the currency pair could continue to trade upwards within the predetermined channel in...
EU Indices Still Under Pressure | TA Focus On BASF
INDICESYesterday, European stocks remained under pressure. The Stoxx Europe 600 Index fell 0.95%, Germany’s DAX 30 lost 0.93%, France’s CAC 40 tumbled 1.77%, and the U.K.’s FTSE 100 was down 1.09%. EUROPE ADVANCE/DECLINE76% of STOXX 600 constituents traded lower or...
Euro Tumbles on Coronavirus and Lockdown, Yen Riding Higher
European majors are all trading broadly lower today on worsening coronavirus spread and return to lockdowns. Mild risk aversion keeps the Japanese Yen afloat but it’s outperformed slightly by Aussie, after slightly stronger than expected Australian CPI reading. Dollar is...
Crude Oil Price Showing Bearish Signs Below $39
Key Highlights Crude oil price started a sharp decline after it failed to clear the $41.40 resistance area. There was a break below a key contracting triangle at $39.65 on the 4-hours chart of XTI/USD. The US Durable Goods Orders...
Dow futures fall more than 100 points as Wall Street grapples with rising Covid-19 cases, earnings
U.S. stock futures fell on Tuesday night following a mixed session in which traders weighed a recent uptick in coronavirus infections. Dow Jones Industrial Average futures traded 150 points lower, or 0.5%. S&P 500 slid 0.6% and Nasdaq 100 futures...
AUD/USD Calm ahead of Aussie CPI
The Australian dollar is showing limited movement in the Tuesday session. In North American trade, AUD/USD is trading at 0.7133, up 0.14% on the day. Australia CPI on center stage The Australian dollar has shown limited movement for almost a...
Home prices in August see biggest gains in more than two years, S&P Case Shiller says
Strong demand and a limited supply of homes have caused home price gains to accelerate dramatically. Prices beat expectations, rising 5.7% annually in August, up from 4.8% in July, according to the S&P CoreLogic Case-Shiller National Home Price Index. The...
Dollar Shrugs Strong Durables, Softer in Tight Range
Dollar weakens again today but stay in very tight range as indecisive trading continues. The stronger than expected durable goods orders were are ignored by the markets. White House’s comment that stimulus deal will be there in “coming weeks” is...
US Open – Justice Barrett, Earnings (HSBC, BP, Pfizer, Merck), CNY, Oil Edges Higher, Gold A Touch Softer
European stocks weakened, while US stocks rallied, fed by investor optimism that the presidential election would deliver a ‘blue wave’ and provide massive stimulus on coronavirus relief, infrastructure spending and expanded health benefits. Earnings results in Europe have been mixed...
EURCHF Rests In Ichimoku Cloud, Fails To Improve Bullish Picture
EURCHF is failing to boost the upside direction in the very short-term as the price is standing within the Ichimoku cloud. The RSI is falling below the 50 level while the MACD is still holding above the trigger line. Moreover,...
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