Dollar Recovering as J&J Paused Vaccine Study, Aussie Tumbles
Dollar is trying to recover in Asian session while Aussie tumbles broadly. Sentiments appear to be turning cautious on news that Johnson & Johnson paused coronavirus vaccine study due to an unexplained illness in a participant. UK also started a...
China says exports and imports hit record highs in September
Workers stand at the port of Qingdao, Shandong province, China June 10, 2019. Reuters BEIJING — China reported strong trade data in September as most business activity resumed in the world’s second-largest economy, following what was apparently the worst of...
Will Canadian Dollar’s Streak Continue?
USD/CAD is showing little movement on Monday. With the Canadian markets closed for the Thanksgiving holiday, With Canadian markets closed for a holiday on Monday, the pair is likely to stay very quiet today. Canada job numbers sparkle It was an...
Sunset Market Commentary
Markets Today was a non-starter of the new trading week. An empty eco calendar and reduced volumes (US bond markets closed in observance of Columbus Day) resulted in a meaningless session. Volatility was low with the VIX index further declining...
Dillard’s jumps more than 40% after one of Buffett’s investing lieutenants discloses personal stake
Dillard’s department store. Source: Zereshk | Wikipedia Shares of Dillard’s jumped 45% on Monday after one of Warren Buffett’s investing lieutenants disclosed a personal stake in the embattled retailer. According to filings with the Securities and Exchange Commission, Ted Weschler,...
Pound Primed for Consolidation
On Monday, October 12th, 2020, the British Pound remains “in the black” and is primed for consolidation. The instrument is mostly trading at 1.3038. The Pound had a positive reaction to the GDP report published by the United Kingdom last...
EUR/USD Trades Within Ascending Channel
On Friday, the EUR/USD currency pair reversed south from the upper line of the short-term ascending channel. From a theoretical point of view, it is likely that the exchange rate could re-test the lower channel line located circa 1.1770. It...
EUR/NZD Deep Retracement For Fresh Buying
The EUR/NZD has formed a consolidation pattern around 88.6 fib, straight in the 78.6-88.6 trading zone. The price might move straight from the zone towards D H3 – 1.7790 and W H3 -1.7819. Have in mind that a momentum push...
Yen Rebounds in Quiet Markets, Politics to Drive the Week
Asian markets are trading in mixed most, decoupling from strong rally from the US on Friday. The forex markets are also steady. Yen is trading broadly higher and could be riding on the rebound against Dollar to strengthen elsewhere. Dollar...
Asia Morning: U.S. Stocks Up, Dollar Down On Growing Stimulus Expectations
On Friday, U.S. stocks posted further gains. The Dow Jones Industrial Average increased 161 points (+0.57%) to 28586, the S&P 500 rose 30 points (+0.88%) to 3477, and the Nasdaq 100 was up 174 points (+1.51%) to 11725. Nasdaq 100...
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