GBP/JPY Bullish Reversal Breakout Offers 200 Pips Space
The GBP/JPY made a strong decline but two full daily candles were unable to break below the bottom. The support Fractal could kick start a bullish retracement. But what is the target for the bulls and where could bears regain...
China’s massive bond market will be more accessible to foreign investors next year
A Chinese national flag seen in front of Oriental Pearl Tower in Shanghai on September 8, 2019. Alex Tai | SOPA Images | LightRocket via Getty Images SINGAPORE — Major index provider FTSE Russell said Thursday it will add Chinese government...
GBP/NZD: Trading With The Trend
Towards the end of August 2020 the GBPNZD pair reversed and has been trending lower since. At EWF we always encourage traders to trade with the trend and not against it. Looking at the 1 Hour chart, GBPNZD was clearly...
Dollar Retreats as Risk Aversion Recedes, Focus Turns to Yen
Dollar and Yen retreat mildly today risk aversion recedes slightly. But as Asian markets struggle to find momentum for a rebound, risk aversion could come back any time before weekly close. As for the week, the greenback remains the strongest...
Market’s wild swings should fade because true fear is absent, Allianz Global’s Mona Mahajan predicts
With a little more than five weeks before Election Day, Allianz Global Investors’ Mona Mahajan speculates the worst of the correction is behind the market. She believes true fear on Wall Street is absent, and the current level of uncertainty...
New home sales crush expectations, but the supply is running out
Exceptional demand for new and existing homes, brought on by the stay-at-home culture of the coronavirus pandemic, has the housing market severely depleted. Sales of newly built homes jumped to the highest level in 14 years in August, but builders’...
Dollar Index Outlook: Growing Concerns about US Economic Recovery Continue to Boost Dollar’s Safe-Haven Appeal
The dollar extends rally into fifth straight day and hits new two-month high on Thursday. Higher than expected US jobless claims added to concerns about the economic recovery already dented by stalled talks about the new package of fiscal support...
Weekly jobless claims rise unexpectedly as stimulus boost fades
The number of first-time filers for unemployment benefits were slightly higher than expected last week as the labor market continues its sluggish recovery from the coronavirus pandemic. The Labor Department reported Thursday that initial jobless claims for the week ending...
Racial inequality cost the economy $16 trillion over the last two decades, Citi finds
shapecharge | E+ | Getty Images Racial inequality is bad for the U.S. in innumerable ways, of course, many of which are hard to calculate directly. But now Citi has put a number to at least one aspect of social...
Copper Futures Penetrates Ascending Line; Indicators Weaken
Copper futures penetrated the six-month ascending trend line to the downside, falling beneath the 20- and 40-day simple moving averages (SMAs). The RSI indicator is standing in the negative zone, moving sideways, while the MACD oscillator is falling below the...
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