Month: November 2019

USD Recovering The US dollar has been a little higher so far today. The USD index is trading 97.74 last, recovering off the lows of the week. The key data focus this week is the release of the FOMC meeting minutes tomorrow which is likely to add further support for USD. At the meeting, the
0 Comments
Cropped shot of two elderly people discussing a … [+] documenthttp://195.154.178.81/DATA/i_collage/pi/shoots/783531.jpg Getty Big brand names can’t rely on their past “glory days” forever. Today we’re going to make sure you don’t hold any “household name has beens” in your retirement portfolio. I’m talking about washed up brands like Tupperware (TUP). The yesteryear firm’s shareholders just
0 Comments
Investors brush aside trade pessimism Europe is off to a decent start on Tuesday, despite a trade deal between the US and China still being up in the air as the mood in Beijing turns more pessimistic. Source – Thomson Reuters Eikon China is insisting on tariffs being rolled back as part of any phase one
0 Comments
President Trump’s meeting with Fed Chair Jerome Powell and Treasury Secretary, Steven Mnuchin saw a cautious response from investors. Trump tweeted that he met with Powell and Mnuchin to discuss monetary policy, trade, and the US dollar. This led to a modest risk-off sentiment in the market. It comes as Trump has been overly critical
0 Comments
NZD/USD Technical ANALYSIS: BEARISH New Zealand Dollar manages to defend its six-week uptrend Longer-term chart setup still favoring a broadly bearish bias Daily close below 0.6322 may mark downtrend resumption Get help building confidence in your NZD/USD strategy with our free trading guide! The New Zealand Dollar is idling above support in the 0.6322-34 area.
0 Comments
Facebook CEO Mark Zuckerberg arrives for a House Financial Services Committee hearing on Capitol … [+] Hill in Washington, Wednesday, Oct. 23, 2019, on Facebook’s impact on the financial services and housing sectors. (AP Photo/Andrew Harnik) ASSOCIATED PRESS “Facebook is the primary means of connecting SMBs with employees, partners, and customers, yet they are failing
0 Comments
That is probably how equity markets are feeling this morning as Wall Street eked out minuscule gains to extend record highs. Still, worryingly, the rest of the street seems to be jumping off the trade-deal/global recovery ship and into the lifeboats. Let’s start with central banks; the PBOC cut its 7-day repo rate yesterday by
0 Comments
AUD/JPY fails to stay strong beyond near-term key moving average. The five-week-old rising trend line is on sellers’ radar. Buyers will look for entry beyond a one-week-old falling resistance line. Following its failure to stay strong above 200-bar SMA, AUD/JPY revisits the key moving average while taking rounds to 73.95 during the initial Asian session
0 Comments
Gold futures ended higher on Monday, getting a boost as Treasury yields fell and the dollar weakened — lifting investor demand for the haven metal. The U.S. Dollar Index is a “tad lower,” Treasurys are rising—sending yields lower, and energy prices are lower, Michael Armbruster, managing partner at Altavest, told MarketWatch. “Those three conditions are
0 Comments