EUR/USD Outlook: Bears Crack Pivotal 1.1700 Support Zone, Risk of Stronger Bearish Acceleration on Firm Break
The Euro holds in red for the third straight day after failing to benefit from recent risk sentiment. Fresh risk aversion on rising fears about the second wave of coronavirus and restrictions that governments plan to impose, pushed the single...
USD/CAD Climbs to 6-Week High
USD/CAD has leveled off on Tuesday, after starting the week with strong gains. In the North American session, the pair is trading at 1.3309, up 0.03% on the day. Earlier in the day, USD/CAD touched a high of 1.3345, its...
NZD/USD Steady ahead of RBNZ Announcement
The New Zealand dollar is steady in Tuesday trade. Early in the North American session, NZD/USD is trading at 0.6670, up 0.05% on the day. The US dollar started the week with broad gains, and NZD/USD declined by 1.2% on...
Dollar Awaits Fuel for Committed Rally, Stocks Consolidate Losses
The overall markets are relatively steady today. Dollar attempted for a brief rally in early European session. But it quickly retreated together with mild recovery in stocks. Though, there seems to be no committed buying in the equities market yet,...
GER 30 Index Records Worst Day Since June, Structure Remains Unchanged
The German 30 stock index (cash) crashed by almost 4% on Monday, recording its worst daily session since June. The index tumbled below its 20- and 50-day simple moving averages (SMA), which have been curbing downside corrections from early August,...
Powell pledges the Fed’s economic aid ‘for as long as it takes’
Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a House Financial Services Committee hearing in Washington, D.C., on Tuesday, Feb. 11, 2020. Andrew Harrer | Bloomberg | Getty Images Federal Reserve Chairman Jerome Powell pledged continued support for...
Markets Stabilized after Selloff, Dollar Rally Still Unconvincing
Asian markets are trading mildly lower today, following the weakness in US overnight. While DOW dropped more than -900 pts during the session, it managed to pare back half of the losses to close down -509.72 pts only. Following that,...
GBP/USD Remains At Risk Of More Downsides
Key Highlights GBP/USD failed to clear the 1.3000 resistance and declined below 1.2900. EUR/USD also struggled to continue above 1.1850 and declined sharply. Gold price is sliding and it could even break the $1,900 support zone. The US Existing Home...
Asia Morning: Dow Sheds 509 Points In Market Sell-off
On Monday, the Dow Jones Industrial Average once tumbled over 900 points before reducing its loss to 509 points (-1.84%) and closing at 27147. The S&P 500 sank 38 points (-1.16%) to 3281, while the Nasdaq 100 managed to close...
Stocks making the biggest moves midday: Nikola, JPMorgan Chase, Roku, Apple, Delta & more
Jamie Dimon, chief executive officer of JPMorgan Chase & Co., gestures while speaking during a Bloomberg Television interview at the JPMorgan Global Markets Conference in Paris, France, on Thursday, March 14, 2019. Christopher Morin | Bloomberg | Getty Images Check...
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