Market Morning Briefing: Dollar Yen Has Immediate Resistance At 111.50
STOCKS Dow (25857.07, -0.23%) dipped in yesterday’s session and could head lower to test 25750 as mentioned in the earlier edition. Some bearishness in the near term is a possibility. Dax (11986.34, +0.22%) could pause near current levels for a...
GBP/USD Eyeing Upside Break, UK’s Jobs Report Next
Key Highlights The British Pound found support near 1.2900 and recovered against the US Dollar. There is a major bullish trend line formed with support at 1.2840 on the 4-hour chart of GBP/USD. The UK Gross Domestic Product in July...
GBPUSD Outlook: Sterling Surges on New Brexit Talks Steer; Upbeat GDP/TB Data Help
Cable surged in early US trading on Monday and hit new five-week high at 1.3051 after EU Brexit negotiator Barnier said that it is realistic to expect deal with Britain in 6-8. Hawkish steer in Brexit negotiations inflated pound strongly,...
CHFJPY Erases Bullish Rally; Remains Neutral in Bigger View
CHFJPY has lost its positive momentum after the bounce off the six-month high of 115.30 on August 30. According to the RSI, the market could maintain negative momentum in the short-term as the indicator is negatively sloped above its neutral...
EUR/USD Approaching Crucial Support Near 1.1515
Key Highlights The Euro formed a short-term top at 1.1733 and declined against the US Dollar. There was a break below a connecting bullish trend line with support at 1.1630 on the 4-hour chart of EUR/USD. – advertisement –
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Market Morning Briefing: Pound Is Trading Just Below Resistance Near 1.295
STOCKS Stock indices are all mixed. While Dow is likely to remain stable, Dax and Shanghai has some more room on the downside. Nifty and Nikkei looks bullish after bouncing from support levels recently. Dow (25916.54, -0.31%) has been trading...
Week Ahead: Markets See a Range of Highs and Lows Between Stocks, Currencies and Commodities
The markets in the past week have experienced various movements in a variety of sectors, ranging from Index’s to currencies. The decline in gold had been a major issue and had arose the possibilities of an increase in inflation. Nevertheless,...
USDCAD Outlook: Strong US and Weak Canadian Jobs Data Boost USDCAD Pair
The dollar surged across the board after US Non-farm payrolls beat forecast in Aug, with 201K new jobs created vs forecasted 191K and downward-revised previous month’s release to 147K. Unemployment rate remained unchanged at 3.9% despite forecast for fall to...
EURGBP Turns Neutral in Near-Term after Break Below Uptrend Line
EURGBP pulled back in recent days, after touching a one-year high of 0.9098 on August 28. Earlier on Friday, it broke below an upside support line drawn from the lows of June 15, and if this week’s candle indeed closes...
GBP/USD Attempting to Pierce Upwards through the Downward Channel
The chart below on a daily time-frame displays evidence that the pair GBP/USD is attempting to break out of the downward channel which is indicated in light blue. Additionally, the price for the pair is still trading below all moving...
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