Dollar Soft as Focus Turns to Fed Speakers, But Yen Even Weaker
Asian markets trade with a mixed tone today despite strong rebound in the US overnight. Positive sentiments couldn’t carry through to the session again. Nevertheless, Yen is trading slightly weaker in general, followed by Canadian and Dollar. Aussie and Kiwi...
LTCUSD Turning Bullish
Litecoin is starting to appear more bullish in the near-term after the cryptocurrency recently found strong technical support from the $42.00 area. LTCUSD bulls could now challenge towards the $55.00 area if they are able to move price above the...
Asia Morning: U.S. Stocks Rally Further
On Monday, U.S. stocks continued their rally. The Dow Jones Industrial Average jumped 410 points (+1.51%) to 27584, the S&P 500 rose 53 points (+1.61%) to 3351, and the Nasdaq 100 was up 213 points (+1.91%) to 11364. Nasdaq 100...
Stocks making the biggest moves midday: Snap, Devon Energy, Virgin Galactic, UPS, Chevron & more
Evan Spiegel, co-founder and chief executive officer of Snap Inc., speaks during the New Work Summit in Half Moon Bay, California, U.S., on Monday, Feb. 25, 2019. David Paul Morris | Bloomberg | Getty Images Check out the companies making...
USD/TRY Outlook: Lira Falls to New All-Time Low on Intensifying Conflict in Caucasus
The USDTRY surged to new all-time high at 7.8592 on Monday, as conflict in Caucasus, on Turkey’s border, revived negative sentiment and pushed lira further down. The unexpected action from CBRT last week, when the central bank increased interest rate...
Sunset Markets Commentary
Markets The spark which ignited US stock markets to a 1.5%-2.5% rally survived the weekend and triggers similar gains in Europe today. It’s hard to pin a specific trigger to stocks’ rally. If any, it proves that stock market sentiment...
Sterling Jumps on BoE Comments, Dollar Softens as Stocks Rebound
Sterling rises broadly today after BoE Deputy Governor indicated that negative interest rate is not imminent. Rebound in the Pound somewhat lifts other European majors too. Australian Dollar is following as the second strongest for now, with help from rebound...
EUR/USD Sticking to Its Two-Month Lows
On the final September Monday, the major currency pair is sticking to its two-month lows and trading around 1.1634. The start of this week is anticipated to be calm for EUR/USD but there will be a lot of news later....
US Equities Continue Friday Bullishness, Commodities Point Downwards
Wall Street is likely to start the week off on the right foot, as futures on the three benchmark indices continue the bullish stance. After four weeks of a disastrous September, equities try to maintain investors’ confidence, though a Wells...
K-pop sensation BTS’ label prices IPO at top end of range
South Korean boy band BTS backstage during the 61st Annual GRAMMY Awards at Staples Center on February 10, 2019 in Los Angeles, California. John Shearer | Getty Images Entertainment | Getty Images SINGAPORE — Shares of Big Hit Entertainment, the music...
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