GBPUSD Holding 1.3000
The British pound is holding the 1.3000 support level against the US dollar currency, as pair attempts to recover recent losses. Technical analysis shows that the GBPUSD pair could test towards the 1.3160 area if the 1.3050 resistance zone is...
Ant Group closes Hong Kong book early due to strong demand for its record dual IPO
GUANGZHOU, China — Ant Group will close its Hong Kong institutional book building process a day earlier than expected due to strong demand for its record initial public offering (IPO), a person familiar with the matter told CNBC. The Chinese...
Currencies Shrug Stocks Selloff, Dollar Rebound Lacks Conviction
Movements in the forex markets remain relatively limited and indecisive. There were little reaction to the steep decline in US stocks overnight, which is followed by broad based weakness in Asia. For now, Dollar, Yen and Kiwi are the firmer...
Stocks making the biggest moves midday: Hasbro, Dunkin’ Brands, AstraZeneca, Delta & more
Check out the companies making headlines midday Monday: Dunkin’ Brands — Shares of the restaurant chain spiked more than 15% after the company said it held preliminary talks regarding its potential acquisition by Inspire Brands, although the company said there’s...
AUDUSD Consolidates Under 100-MA, Tilting Picture Bearish
AUDUSD is creeping sideways in the Ichimoku cloud after the 100-period simple moving average (SMA), at the cloud’s upper surface, capped advances off the 0.7020 mark. The gradual downward sloping SMAs are upholding a bearish tone, while the positively charged...
USD/JPY – Is Japan’s Inflation Moving Up?
USD/JPY has started the week on a positive note. Early in the North American session, the pair is trading at 104.99, up 0.27% at the day. Japan’s inflation stronger than expected Japan’s inflation has been at low levels for years,...
AUD/USD Broke 0.7150 Level, But Struggled to Continue Higher
The Aussie Dollar gained pace above the 0.7100 resistance level against the US Dollar. The AUD/USD pair even broke the 0.7150 level, but it struggled to continue higher. As a result, there was a downside correction and the pair tested...
Coming to Terms with Reality
Financial markets are getting a reality check, as investors come to terms with the failure of Congress to agree a pre-election stimulus package and surging Covid cases. Just over a week to go until the US election, it was always...
Canadian Dollar Drags Down By Oil Price Fall, Dollar Shows Some Firmness
Movements in the forex markets are rather limited in European session, with some firmness seen in Dollar and Sterling. One focus is on the selloff in Canadian Dollar, which is dragged down by the steep decline in oil prices. Euro’s...
WTI Oil Outlook: Drops Over 2% On Growing Demand Concerns
WTI oil opened with gap lower and fell over 2% during Asian / early European session on Monday, hit by fresh wave of risk aversion. Oil extends last week’s losses which resulted in weekly close below psychological $40 level and...
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