The forex markets today are characterized by a lack of decisive direction. Dollar remains generally weak, yet there seems to be a reluctance among sellers to push it further down. Market focus is now shifting Read more…
EURCHF breaks downward sloping channel to the upside Price’s momentum is weak for further upward move MACD and RSI lose momentum EURCHF penetrated the medium-term descending channel to the upside, but the momentum is too Read more…
Adobe (ADBE) – Get Free Report shares moved lower in early Tuesday trading after competition officials in Britain hinted they would rule against the group’s planned $20 billion acquisition of privately-held design startup Figma. Britain’s Competition and Read more…
Zscaler (ZS) – Get Free Report shares slumped lower in early Tuesday trading after the cloud cybersecurity group issued a muted near-term sales forecast that offset stronger-than-expected first quarter earnings. San Jose, California-based Zscaler said earnings for Read more…
EURUSD remains steady and holding near 3 ½ month high on Tuesday, with little impact from weaker than expected EU economic data. Bulls continue to pressure cracked Fibo resistance at 1.0559 (61.8% of 1.1275/1.0448, which Read more…
AUD/USD has cleared above the key 200-day moving average now acting as a near-term support of 0.6595. Consensus estimates are expecting a softer AU monthly CPI for October (5.2% vs. 5.6% Sep) for tomorrow, 29 Read more…
U.S. equity futures were little-changed Tuesday, while Treasury bond held onto yesterday’s rally, as markets digest a mixed set of data underscoring the broader economy’s end-of-year momentum while eying a key inflation report later in Read more…
In an interview with Bloomberg TV today, BoE Deputy Governor Dave Ramsden highlighted that services inflation, accounting for 45% of the consumer basket for CPI inflation, has been unexpectedly resilient at 6.6%. This figure, he Read more…
Market Picture The crypto market has lost 1.5% in the last 24 hours to capitalisation of $1.42 trillion. Traditional markets have also seen a slight pullback from the last week’s peak. Investors appear to be Read more…
Yesterday, XNG/USD quotes dropped below the 2,900 level for the first time since mid-September. This was helped by the fact that the NatGasWeather weather forecasting model late last week showed a cooling trend in December Read more…