US stocks erase early gains to close negative, falling yields don’t help Yen advances as risk aversion intensifies, oil succumbs to gloomy mood Dollar choppy, Netflix disappoints, US-Russia meeting in focus Selling snowballs The stock Read more…
Stock futures trade mixed amid the worst week for tech since October of 2020; Netflix shares plunge on weak subscriber growth forecasts; Peloton hits back at “false” production pause report; Intel unveils plans to invest Read more…
USD and JPY are coming higher as stocks continue to weaken with SP500 breaking below 4500. So risk-off may resume which can allow USD to recover even more. EURUSD came higher last week after US Read more…
NZDUSD has detached from the converged simple moving averages (SMAs) and has dipped below the multiple lower wicks of the candles from January 6 till the 11. The stabilized SMAs are endorsing a more neutral Read more…
GBPJPY continues to trend southwards so far this month following the peak at a two-month high of 157.75, with the price recently slipping back below its 20-day simple moving average (SMA) to reach a new Read more…
EUR/USD The rally of the pair turned out to be fake as expected and the downtrend resumed from the high at 1.1480. During yesterday’s session, the support at 1.1320 was violated, but has not yet Read more…
USDCAD has found strong support at the 200-day simple moving average (SMAs) over the last few sessions, remaining above the 1.2500 psychological number. The RSI indicator is also appearing weak in the negative region, while Read more…
The Dow Jones 30 retreats as traders take profit ahead of next week’s Fed meeting. The index has given up all its gains from the late December rally and fell through the daily support at Read more…
The Australian dollar climbed back after the unemployment rate dropped to 4.2% in December. A surge above 0.7270 was the bulls’ attempt to initiate a reversal. As sellers covered their bets, the way might be Read more…
Gold surged over geopolitical tensions between the West and Russia over Ukraine. Following a three-week-long sideways grind, the break above the triple top at 1830 indicates strong commitment from the buy-side. 1850 is the next Read more…