EUR/USD bears stay in control and eyes are on a significant retracement. The daily time frame’s 38.2% ratio is located at 1.1345. As per the prior analysis, EUR/USD: Bulls firming, eyes on M-formation neckline before 1.1410 break, the price remains pressured with a bias to the downside from both the hourly and daily perspectives. EUR/USD prior
UK FTSE 100 down 0.2% German DAX up 0.3% France CAC 40 up 0.2% Italy MIB up 0.15% Spain IBEX up 1.2% The FTSE broke to a two-year high in early trading but gave it all back and more as the mood soured. Interestingly, US equities are picking up now with the S&P 500 hitting
USDCAD on the hourly chart moves back higher today The USDCAD fell below its 100 and 200 hour moving averages yesterday, and moved down to test a lower swing area and 38.2% retracement between 1.26496 and 1.26628. The low price reached 1.26566. That was also near the swing low from last Thursday’s trade. Today, the
Canadian Dollar is currently the weakest one for today, following the pull back in oil prices. Japanese Yen is following as European and US yields are apparently trying to outpace benchmark JGB yield again. On the other hand, Aussie is trading slightly firmer, together with Kiwi and Dollar. Euro is paring some of the post-ECB
New Delhi: Gold price in the national capital on Tuesday rallied by Rs 144 to Rs 48,167 per 10 grams, reflecting overnight gains in international precious metal prices, according to HDFC Securities. In the previous trade, the yellow metal settled at Rs 48,023 per 10 grams. Silver, however, dipped by Rs 76 to Rs 61,607
A customer counts his cash at the register while purchasing an item at a Best Buy store in Flushing, New York. Jessica Rinaldi | Reuters Consumers ended 2021 with record levels of debt, leading into a year in which interest rates are expected to rise substantially. Total debt at the end of the year came
A man walks in front of a Peloton store in Manhattan on May 05, 2021 in New York. John Smith | Corbis News | Getty Images Peloton on Tuesday slashed its financial outlook for the full year after the company announced CEO John Foley will be stepping down, as part of a broader restructuring of
The United States national governing body for the sport of figure skating, the U.S. Figure Skating, is the latest organization in the country to enable donations in cryptocurrencies like Bitcoin (BTC). The association has partnered with the enterprise-level donation platform Engiven in order to start accepting donations and gifts in cryptocurrency, the U.S. Figure Skating
Gold price is on the back foot on Tuesday after witnessing back-to-back rallies following the stunning US employment data. The renewed uptick in the US Treasury yields is boosting the demand for the greenback across the board, weighing on the non-yielding gold. Although looming US-Russian tensions over Ukraine and Sino-American tensions could help put a
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AP had the report Monday US time: 33 Chinese companies whose legitimacy cannot be verified new restrictions on their ability to receive shipments from U.S. exporters imposed requiring extra diligence from American companies that want to do business with them He added that the addition of 33 parties in the People’s Republic of China to
USDCAD tests the next key downside target area Earlier today I posted on the USDCAD (see “The USDCAD retraces back to the 100/200 hour MA. This is the place to buy if you like the upside“), that the 100 and 200 hour MA were being tested at 1.2702 and that: “If it is time to
BEIJING: Oil prices eased on Tuesday morning ahead of the resumption of indirect talks between the United States and Iran which may revive a nuclear deal that could lead to the removal of sanctions on Iranian oil sales, increasing global supplies. Brent crude was last down 36 cents, or 0.4%, at $92.33 a barrel by
A person walks into a new cookie shop next to a “Help Wanted” sign on January 12, 2022 in New York City. Alexi Rosenfeld | Getty Images A jobs market that was on fire for most of 2021 looks like it was dealt a cold splash of reality to start the new year. Judging by
XAU/USD has recently pushed back above $1820 and, in doing so, moved back above its 21DMA. The bulls will be eyeing a move towards the next key resistance area around $1830. XAU/USD has been taking advantage of the subdued FX markets and a slight pullback in US government bond yields. Spot gold (XAU/USD) prices have
The US has been re-calibrating its steel policy since the Trump era and has worked with countries one-by-one to put in place quota systems, with high tariffs beyond that. Countries initially resisted but they’ve slowly found enough common ground to make deals. US companies have some plans to raise domestic capacity but steel prices are