XAU/USD Consolidated Near 1,740.00
Yesterday, the XAU/USD exchange rate traded sideways around the 1,730.00 level. During Friday morning, the rate maintained its consolidation. Given that yellow metal is supported by the 55-hour moving average near 1,727.80, it is likely that some upside potential could...
USD/JPY Tests 100-Hour SMA
On Thursday, the USD/JPY currency pair tested the support from the weekly S2 and the monthly S1 at 106.50. During today’s morning, the pair reversed north. It is likely that some downside potential could prevail in the market, as the...
GBP/USD Tests Resistance Level
Yesterday, the GBP/USD exchange rate dropped to the 1.2550 level. During Friday morning, the rate was testing the resistance level formed by the 200-hour SMA and the Fibo 61.80% at 1.2646. If the given level holds, it is likely that...
EUR/USD Revealed Short-Term Channel
On Thursday, the EUR/USD currency pair revealed a short-term ascending channel. During today’s morning, the pair reversed north from the upper channel line. From a theoretical perspective, it is likely that some upside potential could prevail in the market. In...
Risk Aversion Eased Mildly in Asia after Massive Selloff in US
Risk aversion carries on in Asian session today, after the massive selloff in the US overnight. But selling has some what eased ahead of the weekend. In the currency markets, Yen and Swiss Franc remain the strongest ones for the...
Market Morning Briefing: Dollar Index Has Bounced Back From 95.72
STOCKS As we have been cautioning over the last few days the correction in the equity segment has begun. However, the pace and quantum of fall at the beginning of this corrective phase has been much bigger than we had...
Asia Morning: U.S. Stocks Knocked By Bears, Dow Sinks 7%
On Thursday, U.S. stocks suffered the worst sell-off since March 16, as investors were concerned about a resurgence in coronavirus infections and discouraged by the Federal Reserve’s warning of a slower economic recovery. The Dow Jones Industrial Average slumped 1861...
Stocks making the biggest moves after hours: PVH, Adobe, Lululemon and more
People walk past the Calvin Klein store at the Woodbury Common Premium Outlets Mall on October 21, 2017 in Central Valley, NY. Gary Hershorn | Getty Images Check out the companies making headlines after the bell. Adobe — The software...
Treasury Secretary Mnuchin says ‘we can’t shut down the economy again’
Treasury Secretary Steven Mnuchin told CNBC on Thursday that shutting down the economy for a second time to combat the spread of Covid-19 isn’t a viable option and could cause even more headaches for Americans. His comments came as Wall Street...
Copper Futures Give Up Some Gains; Positive Picture Stands
Copper futures retreated slightly from their freshly plotted four-and-a-half month high of 2.6959. Confirming the bullish sentiment that has mostly controlled the ascent from the 45-month low of 1.9684 are the rising Ichimoku lines. Additionally, the improving 50-day simple moving...
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