Sterling Dips, Swiss Franc Rises as Weekly Close Approaches
Sterling appears to be under some selling pressure today, without any special driver. A possible reason is some repositioning ahead of next week’s Brexit talks. Meanwhile, Yen appears to be regaining some growth, together with Swiss Franc. There is some...
US 30 Index Pauses Its Upside Rally Below 200-Day SMA
The US 30 cash index has lost its strong positive momentum after the pullback from the three-and-half month high of 27,369 on June 9. The price found strong resistance at the 200-period simple moving average (SMA) over the last few...
EUR/USD Consolidated At 1.1220
On Thursday, the EUR/USD currency pair consolidated in the 1.1220 area. During today’s morning, the pair maintained its consolidation. It is likely that the exchange rate could be pressured by the 55– and 200-hour moving averages near 1.1250. Thus, some...
GBP/USD Trades Sideways At 1.2420
Yesterday, the GBP/USD exchange rate traded sideways in the 1.2420 area. During Friday morning, the rate maintained its consolidation. Given that the currency pair is pressured by the 55-hour moving average near 1.2440, it is likely that some downside potential...
USD/JPY Tests Fibo 38.20%
On Thursday, the USD/JPY currency pair consolidated at 107.20. During today’s morning, the pair was testing the Fibo 38.20% at 106.86. If the given support level holds, it is likely that a reversal north could occur in the nearest future....
Quest Session But Focus Remains On Covid-19 Hotspots
Notes/Observations Quiet EU session but focus on data to suggest the global economy likely passed the lowest point of the crisis. Focus remains on various Covid-19 hotspots Asia: BOJ Gov Kuroda reiterated stance that BOJ to take additional action without...
ETHUSD Watching $220.00 Support
Ethereum is starting to come under pressure below the $230.00 level as the Bitcoin and the broader cryptocurrency market turn lower on Friday. A breakout under the $220.00 support level could see the ETHUSD pair suffering significant losses over the...
GBPUSD 1.2390 Key Support
The British pound appears increasingly weak against the US dollar on Friday as the pair fails to rally from the 1.2390 technical area. GBPUSD sellers could start to target the 1.2330 support area if the 1.2390 support area is broken...
Dow futures down nearly 200 points after bank stress test results, Nike reports surprise loss
U.S. stock futures were lower in early morning trade on Friday following the release of the Fed’s latest bank stress-test results and disappointing quarterly numbers out of Nike. Dow Jones Industrial Average futures were down 173 points, while S&P 500 and...
Markets Range Bound as Consolidations Continues, Coronavirus Ignored
The markets continue trade in consolidative mode today. US stocks reversed earlier loss to closed higher overnight, ignoring the surge in coronavirus cases. Asian markets are mixed, with mild weakness in Hong Kong HSI. it’s weighed down by US Senate’s...
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