The earlier fall below the 100 hour MA could not be sustained. Sellers turned to buyers. The AUDUSD is looking toward the week’s trading high after snapping back higher on a failed break of the 100 hour MA earlier today (see blue line in the chart below). The high for the week comes in at 0.7771.
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It was a choppy day, but EUR/USD ultimately finished above the 1.2100 level. USD saw weakness during US trading hours as risk appetite improved. It was a choppy final trading day of the week for EUR/USD; the pair sold off during early European trading hours, dropping below its 21-day moving average at the 1.2100 level
Follows USD lower and oil prices The USDCAD just a few hours ago was testing and breaking above its 200 hour moving average for the 1st time since February 5. The the high price extended up to the low of a swing area between 1.2762 and 1.27645. The 50% retracement of the move down from February 2
The news wire Bloomberg says Morgan Stanley’s Counterpoint Global investment unit is in the early stages of making a decision. Bloomberg cites unnamed sources, “people with knowledge of the matter”. and adds “Moving ahead with investments would require approval by the firm and regulators.” MS declined comment according to the report. BTC update: — Counterpoint group
TOKYO: Oil prices fell a second day on Friday, extending losses after OPEC cut its demand forecast and the International Energy Agency said the market was still over-supplied. Brent crude was down 34 cents, or 0.6% at $60.80 a barrel by 0102 GMT, having dropped half a percent the previous session. U.S. was down 36
Dollar ended as the worst performing one, reversing much of prior week’s rebound. Risk-on sentiments appeared to be leading the greenback lower again, and boosted Australian Dollar as the strongest one. But the development in other major currencies were less clear. The strength in stocks and oil were not much reflected in Canadian Dollar, nor
Federal Reserve Jerome Powell testifies during a Senate Banking Committee hearing on “The Quarterly CARES Act Report to Congress” on Capitol Hill in Washington, U.S., December 1, 2020. Susan Walsh | Reuters Federal Reserve Chairman Jerome Powell painted a dour picture on the state of U.S. employment and said Wednesday that continued aggressive policy support
Chuck Robbins, chief executive officer of Cisco Technologies Inc., speaks during a panel session at the World Economic Forum (WEF) in Davos, Switzerland, on Tuesday, Jan. 17, 2017. World leaders, influential executives, bankers and policy makers attend the 47th annual meeting of the World Economic Forum in Davos from Jan. 17 – 20. Jason Alden
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Gold is likely to open trading on Monday in losses, especially if the critical ascending channel’s middle boundary support breaks. The MACD has reinforced XAU/USD’s bearish outlook on the daily chart. Recovery will come into the picture if gold closes the day above the middle boundary support. Gold has continued to struggle amid a stronger
Dow industrial average is still negative on the day The S&P and the NASDAQ index is back into the red, joining the Dow industrial average with a little lower in our to go in trading. For the week, the major indices are up marginally: S&P index is up 0.77% NASDAQ index is up 1.24% Dow
The central banks are listed below with their current state of play. The link for each central bank is included in the title of the bank and the next scheduled meeting is in the title too. Reserve Bank of Australia, Governor Phillip Lowe,0.10%,Meets 02 March The Reserve Bank of Australia met on February the 02
NEW DELHI: Gold price plunged by Rs 661 to Rs 46,847 per 10 grams in the national capital on Friday reflecting a fall in global precious metal prices and rupee appreciation, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 47,508 per 10 grams. Silver price also declined Rs
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