GOLD ON THE CUSP OF A MAJOR BEARISH BREAKOUT American stocks jumped on Monday as investors continued to reflect on the Omicron variant and the strong US pending home sales numbers. The Dow Jones rose by more than 250...
GOLD ON THE CUSP OF A MAJOR BEARISH BREAKOUT American stocks jumped on Monday as investors continued to reflect on the Omicron variant and the strong US pending home sales numbers. The Dow Jones rose by more than 250...
STOCKS, BITCOIN AND COMMODITIES REBOUND AS COVID FEARS EASE Global stocks, cryptocurrencies, and commodities bounced back on Monday as investors weighed the impacts of the Omicron variant. In the United States, futures tied to the Dow Jones and Nasdaq...
US DOLLAR INDEX PRICE ANALYSIS: PULLBACK COULD SEE 95.50 RETESTED DXY resumes the leg lower and breaks below 96.00. Next on the downside appears the 95.50 region. DXY fades Monday’s decent bullish attempt and refocuses instead on the area well...
EUR/USD PRICE ANALYSIS: INTERIM HURDLE COMES AT 1.1374/89 EUR/USD resumes the upside and revisits the 1.1370 zone. Further upside is seen initially challenging the 1.1374/89 band. EUR/USD gathers extra pace and surpasses the 1.1300 barrier on quite a convincing fashion...
GLOBAL STOCKS CRASH ACCELERATES AS OMICRON RISKS RISE Global stocks continued their sell-off as investors reacted to the rising number of Omicron cases and the travel restrictions. US futures added to the losses that they made on Friday. Futures...
STOCKS AND OIL PRICE SINKS ON NEW COVID VARIANT RISK Global stocks and the price of crude oil declined sharply as investors reflected on the new coronavirus variation that has emerged in South Africa. In Europe, the FTSE 100...
AUD/USD: WEEKLY CLOSE BELOW 0.7106 TO EXACERBATE THE DOWNFALL – CREDIT SUISSE AUD/USD is so far holding major support at the 0.7106 low. Nevertheless, economists at Credit Suisse stay biased towards a closing breakdown to confirm a major long-term...
USD/JPY INCHES BACK CLOSER TO DAILY HIGH, 114.00 BACK IN SIGHT USD/JPY staged a modest recovery from a near three-week low touched earlier this Monday. The risk-on impulse undermined the safe-haven JPY and remained supportive of the move. Rebounding...
NZDUSD RETREATS EVEN AFTER A RELATIVELY HAWKISH RBNZ The euro was relatively unchanged after a coalition deal to form the next German government was reached. Olaf Scholz, the current finance minister, will become the next chancellor. The coalition will...
EUR/USD: RECENT BREAK OF 1.1250 RISKS AN EARLY TEST OF 1.1050-00 AREA – WESTPAC EUR/USD dropped to its lowest level since June 2020 at 1.1185 on Wednesday. Renewed restrictions against resurging COVID-19 cases are outweighing potential of a shift...