GBP/USD Pair Started A Fresh Decline And Traded Below 1.3020
The British Pound struggled to gain momentum above the 1.3075 resistance zone against the US Dollar. The GBP/USD pair started a fresh decline and traded below the 1.3020 support. The decline gained pace below the 1.3000 support, the 50 hourly...
US Stock Halts Rally As COVID Vaccine & Treatment Trials Temporarily Suspended
Wall Street took a pause on Tuesday after four straight bullish sessions. Investors are worried that J&J’s vaccine trial halt would delay the introduction of a coronavirus vaccine. Meanwhile, negotiations over further stimulus went in sleep mode. Still, tech stocks...
Dollar Struggling to Extend Rebound in Indecisive Markets
The markets are overall indecisive or the moment. US indices retreated mildly just ahead of record highs overnight. Mild softness is carried forward to Asian session. G20 finance leaders are seeing a less negative outlook for the global economy. Yet,...
Stocks making the biggest moves midday: Disney, Ethan Allen, BlackRock, JPMorgan and more
The Disney+ (Plus) logo is seen displayed on a smartphone. Rafael Henrique | LightRocket | Getty Images Check out the companies making headlines in midday trading. Disney — Shares of the media giant advanced more than 4% after the company...
Oil Enjoying Reprieve, Gold Coming Under Pressure
Oil seeing temporary reprieve Oil prices are rebounding on Tuesday, up around 2% after falling for the last two sessions. The gains came following the release of Chinese trade data which showed purchases from the world’s largest importer surged last...
Bears Taking Over USDCAD – Elliott Wave Analysis
USDCAD made a firm decline below the lower corrective channel line connected from 1.3 level, which is a confirmation that corrective wave 4 of a bigger impulse is completed, and a five-wave move for a wave 5 underway. We are...
Sterling Softens on Restrictions and Brexit Deadlock, Aussie Retreats Further
Sterling softens broadly today as UK unemployment rate rose more than expected while the part of the country is returning to restrictions. Additionally, there appears to be no progress on Brexit negotiation ahead of the EU summit later this week....
U.S Futures Mixed – Watch JNJ, JPM, DIS, BLK, TSLA
The S&P 500 Futures are little changed after they charged higher yesterday, led by technology shares. Later today, the U.S. Labor Department will release September CPI (+1.4% on year expected). European indices are under pressure. ZEW survey results of October...
EUR/JPY Breakout Could Occur
The common European currency declined by 51 pips or 0.41% against the Japanese Yen on Monday. The decline was stopped by the 200– hour simple moving average during yesterday’s trading session. The currency pair breached the 200– hour SMA on...
LTCUSD Correction Likely
Litecoin is starting to test back towards the $50.00 level after finding strong technical resistance from down slopping trendline resistance. Short and medium-term LTCUSD traders are likely to buy into price dip towards the $47.00 to $45.00 technical support zone....
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