U.S. home construction jumps 17.3% in June
Construction of U.S. homes jumped 17.3% in June as some states reopened, but the pace still lags last year after this spring’s massive slowdown in building activity due to the coronavirus outbreak. The Commerce Department reported Friday that new homes...
HKD/JPY 1H Chart: Falling Wedge Pattern In Sight
The HKD/JPY exchange rate has been declining within a falling wedge pattern since the beginning of July. From a theoretical perspective, it is likely that the currency pair could continue to trade downwards within the given pattern until the end...
Stocks making the biggest moves in the premarket: Netflix, BlackRock, Microsoft, Lyft & more
Take a look at some of the biggest movers in the premarket: Netflix (NFLX) – The video streaming service saw its bottom line fall 22 cents a share below Wall Street forecasts with quarterly profit of $1.59 per share. Revenue...
ZAR/JPY 1H Chart: Rising Wedge Pattern In Sight
The ZAR/JPY currency pair has been trading within a rising wedge pattern since the end of June. From a theoretical point of view, it is likely that the exchange rate could continue to extend gains within the given pattern until...
EUR/USD Outlook: The Euro Stands At The Front Foot Ahead Of Key EU Summit Decision
The Euro regained traction and probes again above former high at 1.1422 on Friday, following strong upside rejections and failures to close above 1.1422 barrier. The action in past two days left daily candles with long upper shadows that could...
EUR/USD Tests 100-Hour SMA
On Thursday, the EUR/USD currency pair declined to the support provided by the 100-hour SMA near 1.1380. During today’s morning, the pair was testing the given support. Given that the exchange rate is pressured by the 55-hour SMA and the...
GBP/USD Pressured BY Moving Averages
Yesterday, the GBP/USD exchange rate tried to exceed the 1.2620 level. During Friday morning, the rate was trading at 1.2560. It is likely that some downside potential could prevail in the market as the currency pair is pressured by the...
USD/JPY Tests Support
On Thursday, the USD/JPY currency pair broke the upper line of a newly revealed falling wedge pattern. During today’s morning, the pair was testing the support formed by the 55– and 100-hour SMAs, as well the weekly PP in the...
XAU/USD Tests 200-Hour SMA
Yesterday, the XAU/USD exchange rate declined to the 1,795.00 level. During Friday morning, the rate reversed north. Given that yellow metal is pressured by the 200-hour moving average near 1,802.00, it is likely that a reversal south could occur, and...
ECB Keeps Interest Rates On Hold
For the 24 hours to 23:00 GMT, the EUR declined 0.27% against the USD and closed at 1.1384. On the macro front, Euro-zone’s trade surplus widened to £8.0 billion in May, amid easing of coronavirus-led lockdown restrictions and compared to...
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