Michael Farr: The problem with the U.S. economy is there are too many poor people
A Kelly Center for Hunger Relief volunteer sorts through food for distribution as residents in vehicles wait in line at a church in El Paso, Texas, on July 17. Joel Angel Juarez/Bloomberg via Getty Images Are you in the top...
Chime is now worth $14.5 billion, surging past Robinhood as the most valuable US consumer fintech
Chime CEO Chris Britt Source: Chime The fintech world has a new heavyweight. Chime, the start-up that delivers banking services through mobile phones, has closed a fundraising that values the company at $14.5 billion, CNBC has learned exclusively. That lofty...
Yen Rises Further in Flip-Flopping Markets
Yen picks up some upside momentum again today while the forex markets continue to flip-flop elsewhere. Australian Dollar turn softer, followed by Canadian and Swiss Franc. Kiwi is the second strongest next to Yen, followed by Sterling and Dollar. For...
NZDUSD Battles Resistance Band, Bullish Bias Persists
NZDUSD is clashing with the 0.6789 to 0.6800 resistance band following its latest climb from 0.6600, which produced a 17½-month high. The recent pickup in the 50- and 100-period simple moving averages (SMAs) suggest further appreciation in the pair, while...
Nasdaq’s Triple Bottom Could Confirm Reversal In Uptrend
The Nasdaq (NQ 100) is testing the support zone for the 3rd time (top blue box). Will the NQ100 index finally make a bullish bounce? Or will the pullback retrace deeper towards the next support zone Price Charts and Technical...
EUR/JPY Bounces Off Support
The EUR/JPY currency bounced off the bottom border of a descending channel pattern at 123.37 on Thursday. As a result, the common European currency surged by 76 points or 0.61% against the Japanese Yen. Everything being equal, the exchange rate...
AUD/USD Could Edge Higher
The Australian Dollar surged by 51 points or 0.70% against the US Dollar on Thursday. The currency pair breached the 50-, 100– and 200– hour SMAs during yesterday’s trading session. All things being equal, bullish traders could continue to pressure...
USD/CAD Breakout Occurs
The US Dollar has declined by 91 points or 0.69% against the Canadian Dollar since Thursday’s trading session. A breakout occurred through the lower boundary of a descending channel pattern on Thursday. Given that a breakout has occurred, the exchange...
NZD/USD Breaks Pattern
The New Zealand Dollar surged by 79 points or 1.18% against the US Dollar on Thursday. The currency pair breached the upper boundary of an ascending channel pattern on Friday morning. Given that a breakout has occurred, the exchange rate...
EUR/USD Revealed Descending Channel
The EUR/USD currency pair has revealed a medium-term descending channel. Yesterday, the pair reversed north from the lower channel line at 1.1740. It is likely that the exchange rate could re-test the upper channel line located circa 1.1890 in the...
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