Dollar Rebounds in Risk-off Markets, Underlying Strength Still in Question
Dollar rebounds broadly as markets turned into risk-off mode overnight. It remains firm in quiet trading in Asia, with China and Hong Kong on holiday. The movements in the forex markets are not decisive enough yet. Major pairs and crosses...
Gold Price Sets New Multi-Year High, $1,800 Seems Possible
Key Highlights Gold price started a fresh rally and traded to a new multi-year high close to $1,780. A strong support is forming near $1,750 and $1,745 on the 4-hours chart of XAU/USD. The US Gross Domestic Product is likely...
Asia Morning: U.S. Stocks Pressured By Resurging Virus Cases
On Wednesday, U.S. stocks lost over 2% as investors’ confidence in the economic recovery was shaken by resurging coronavirus cases. The U.S. recorded a one-day total of more than 36,000 new cases, the highest level since late April. California, Florida...
Stocks making the biggest moves after hours: KB Home, Hertz, Ally Financial and more
A construction worker walks past new homes under construction by developer KB Home in Valencia, California. Jonathan Alcorn | Bloomberg | Getty Images Check out the companies making headlines after the bell. KB Home — The home construction company’s stock...
Bricks and mortar retail is living on borrowed time
Most financial crises are either seeded in the real estate market or are amplified there. The current one began as a healthcare emergency and has rapidly morphed into a financial shock, but its legacy will perhaps be the most profound...
EURGBP Crawls Towards Trend Line, Clinging to a Hike
EURGBP has reversed from the upper surface of the Ichimoku cloud to the 0.9031 level, that being the 38.2% Fibonacci retracement of the up leg from 0.8281 to the 11-year high of 0.9498. Positive sentiment appears revived after the bounce...
Tariffs the Icing on the Cake
Sentiment Tested as COVID Cases Rise Stock market sentiment is being tested on Wednesday, as a rising number of coronavirus cases combined with US tariff threats against Europe drag heavily on risk appetite. The rising number of coronavirus cases we’re...
Mild Risk-Off on Coronavirus Resurgence and Transatlantic Trade War Concerns
Dollar is attempting to rebound today together with Yen and Swiss Franc, while Kiwi and Aussie weaken. European stocks and US futures are down mildly on resurging number of global coronavirus crisis cases. Also, the US Trade Representative said wants...
NZDUSD’s Positive Picture Lags, Crawls Sideways
NZDUSD is dragging sideways as it lingers in a paused mode that has seized control of the ascent, something also reflected in the red Tenkan-sen line. Positive signals are still unbroken, sponsored by the Ichimoku lines and the rising 50-day...
Silver: White Metal Reverses Its Gains In The Asian Session
For the 24 hours to 23:00 GMT, Silver rose 1.58% against the USD and closed at USD18.29 per ounce. In the Asian session, at GMT0300, the pair is trading at 18.26, with silver trading 0.16% lower against the USD from...
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