It’s a scary time financially. How to avoid panic
Anxiety around money is spiking in the pandemic. mapodile | E+ | Getty Images Amanda Collins describes the experience of being out of work for seven months in one word: “Maddening.” She was furloughed in March from her job in...
Stocks making the biggest moves midday: Virgin Galactic, Intel, Snap & more
Check out the companies making headlines in midday trading. Virgin Galactic — Shares of the space tourism stock slipped more than 5% after Goldman initiated coverage on the company with a neutral rating. The firm is the only one on...
Week Ahead – ECB, BoC, and BoJ Serve as Appetizers for US Election
With less than two weeks to go until the US election, markets are on red alert as opinion polls in key battleground states have tightened. In the meantime, there are three central bank meetings and a ton of data to...
Ready for a Breakout? EUR/AUD
Next week the ECB meets, and economists feel they will likely keep stimulus “unchanged” while they wait for staff projections at the December meeting. Meanwhile, the RBA recently suggested that they are ready to buy longer term bonds and provide...
GBP/USD Outlook: Deeper Pullback Likely to Precede Fresh Attack at Key Fibo Barrier
Cable edged higher on Friday on fresh optimism over Brexit, pausing after Thursday’s 0.5% drop, but near-term risk remains for deeper correction before bulls regain control. Wednesday’s massive advance stalled at key Fibo barrier at 1.3173 and profit-taking pushed the...
Dollar Softens Again as Global Stocks Regain Ground ahead of Weekend
Dollar is back under pressure today as global stock markets strengthen mildly before weekend. Though, overall markets are relatively mixed as we’re seeing some strengthen in both Swiss Franc, Euro and Aussie. On the other hand, Sterling, and Canadian are...
Final Debate Recap: Top Three Trading Takeaways from a More Civil Conversation
After the first debate, which we characterized as “chaotic, disorienting, and frankly depressing” in our recap article, expectations were exceptionally low heading into last night’s second and final debate. Thankfully, the debate was able to exceed those low expectations, with...
GBP/USD Trades Within Ascending Channel
During Friday morning hours, the GBP/USD exchange rate has reversed north from the weekly R1 at 1.3049. It is likely that some upside potential could prevail in the market, and the currency pair could re-test the upper line of the...
USD/JPY Pressured By 55-Hour SMA
Since Thursday, the USD/JPY currency pair has been testing the resistance provided by the 55-hour SMA. If the predetermined resistance holds, it is likely that some downside potential could prevail in the market. The exchange rate could target the support...
XAU/USD Broke Lower Channel Line
Yesterday, the XAU/USD exchange rate pierced the lower line of the medium-term ascending channel. Given that yellow metal is pressured by the 55– and 100-hour moving averages in the 1,910.00 area. Thus, some downside potential could prevail in the market,...
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