NQ 100 At Equilibrium But Final Bearish Wave C Remains
Nasdaq (NQ) 100 is retesting the 21 ema zone. A bullish or bearish break will be critical for either an uptrend or deeper retracement. A bullish break above the 21 ema zone is not enough to confirm the uptrend. Why?...
GBPUSD Looks Positive Despite 9 Red Sessions
GBPUSD is pairing some losses that were posted in the preceding nine consecutive red candles in the 4-hour chart. Over the last month, the price has been developing within an ascending channel and the latest bullish action is being confirmed...
BTCUSD Correction Possible
Bitcoin is at risk of a significant downside correction as the number one cryptocurrency struggles with the $13,000 resistance level. Technical analysis shows that the BTCUSD pair is now extremely oversold, with the Relative Strength Index indicator at its most...
Businesses should get ready for more volatility in the Chinese yuan, regulator says
Jason Lee | Reuters BEIJING — China’s foreign exchange regulator told businesses Friday to prepare for more volatility in the yuan. The Chinese currency, also known as the renminbi, strengthened roughly 1% this week against the U.S. dollar to levels...
Euro Prone to Downside as PMIs Awaited, Traders Shrug US Debate
It appears that the stock markets couldn’t care less about the last debate before US Presidential election. Major Asian indices are trading in right range with mild gains. Nevertheless, Yen is trying to lead Dollar for a comeback while European...
Chinese fintech giant Lufax seeks up to $2.36 billion in U.S. IPO
A logo of of Lufax website Lu.com, is seen at the company’s headquaters on May 28, 2020 in Shanghai, China. Wu Jun | Visual China Group | Getty Images GUANGZHOU, China — Chinese lending and wealth management firm Lufax is...
USD/JPY Recovery Could Face Hurdles Near 105.00
Key Highlights USD/JPY traded as low as 104.24 before correcting higher. It is facing a strong resistance near 105.00 and 105.40. EUR/USD and GBP/USD corrected lower from 1.1880 and 1.3175 respectively. The US Manufacturing PMI could increase from 53.2 to...
Stocks making the biggest moves after hours: Intel, Mattel, Gilead Sciences & more
A visitor at Intel’s Artificial Intelligence (AI) Day walks past a signboard during the event in Bangalore, India Manjunath Kiran | Getty Check out the companies making headlines after hours Thursday: Intel — Intel shares dropped 10% after the bell...
Weekly jobless claims drop to nearly their lowest level since the pandemic started in March
New filings for jobless claims in the U.S. totaled 787,000 last week, nearly the lowest total since the early days of the coronavirus pandemic. Economists surveyed by Dow Jones had been expecting 875,000 for the week ended Oct. 17. It...
Unemployment claims are down. It’s not all for good reasons
An employee stands on a social distancing marker in an elevator at an office in Dallas, Texas. Dylan Hollingsworth/Bloomberg via Getty Images The number of workers receiving and applying for unemployment benefits declined significantly last week, according to Labor Department...
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