USD/JPY Analysis: Pressured By 55-Hour SMA
On Thursday, the USD/JPY currency pair traded sideways around the 107.50 level. During today’s morning, the pair maintained its consolidation. Given that the exchange rate is pressured by the 55-hour moving average near 107.50, it is likely that some downside...
XAU/USD Analysis: Supported By Moving Averages
Yesterday, the XAU/USD exchange rate re-tested the 1,760.00 level. During Friday morning, the rate was testing the support formed by the 55– and 100-hour SMAs near 1,775.00. If the given support holds, it is likely that some upside potential could...
EU Indices Flat This Morning | TA Focus On Sanofi
INDICESYesterday, European stocks rebounded strongly. The Stoxx Europe 600 Index jumped 1.97%. Germany’s DAX 30 surged 2.84%, France’s CAC 40 advanced 2.49%, and the U.K.’s FTSE 100 was up 1.34%. EUROPE ADVANCE/DECLINE89% of STOXX 600 constituents traded higher yesterday.64% of...
Think tank explains why it’s ‘pointless’ to delist Chinese companies from U.S. stock markets
U.S. and China flags along Pennsylvania Avenue in Washington, D.C. on Jan. 17, 2011. Andrew Harrer | Bloomberg | Getty Images Delisting Chinese companies from U.S. stock exchanges is “a pointless drive” that will neither deny those firms access to...
Sentiments Supported Further by China Services Data, Yen and Dollar Soft
Markets are generally trading in risk-on mode today. NASDAQ surged to new record highs overnight following solid US job data. Better than expected China services data continue to support sentiment. Yen, Dollar and Euro are set to end the week...
Market Morning Briefing: Aussie Is Stable Near Current Levels
STOCKS Shanghai has surged further to reach our target much faster than expected. Better than expected manufacturing data release and a rate cut from the central bank are boosting the momentum. Shanghai continues to remain stronger among the lot. Dow...
IPOs in Hong Kong and Shanghai pop, despite pandemic, tensions with the U.S.
The Hong Kong exchange building. Vincent Isore | IP3 | Getty Images Initial public offerings (IPOs) in greater China jumped in the first half of this year, bucking the declines seen elsewhere due to the impact of the coronavirus pandemic....
Stocks rise after better-than-expected jobs report to close out winning week
Stocks rose on Thursday following a better-than-expected U.S. jobs report as the economy tries to recover from the coronavirus pandemic. The Dow Jones Industrial Average closed 92.39 points higher, or 0.4%, at 25,827.36. The Nasdaq Composite hit a record high,...
Loop Capital CEO says diversifying his workforce has been easy: ‘I focus on talent’
Loop Capital Chairman and CEO Jim Reynolds told CNBC on Thursday that building a diverse team has not been a challenge for the Chicago-based investment bank. “I have found it so amazingly easy to recruit minority candidates — African American,...
Unemployment is falling. But it may be short-lived: ‘There’s no cause for celebration’
President Donald Trump speaks to journalists in the Brady Press Briefing Room at the White House July 2, 2020. The president addressed reports that the unemployment rate fell to 11.1%. Chip Somodevilla/Getty Images The U.S. unemployment rate is at its...
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