EUR/USD touches its highest levels since 5 February ForexLive The euro is picking up a strong bid on the session as buyers look to clear the 1.1400 handle now and break resistance around 1.1410-20 as well. Of note, price is also rising above the 100-day MA today and that will be a positive platform for
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work
Risk assets began the European trading session today with a more dampened tone. The meeting between President Trump and North Korean Leader Kim Jong-Un failed to produce any results. The summit, which took place on the neutral ground of Hanoi, Vietnam, had been keenly anticipated following the first historic meeting between the two leaders in
The first day of March is starting with a bang in terms of Japanese data! A series of important statistics will be published during the early Asian session. With the escalating tensions in the Indian subcontinent, this could be interesting for JPY pairs. Let’s go over what we could expect and how the market might
General Electric CEO Larry Culp has simplified the company’s report techniques and could be on the right path to fix the challenges in its power division, CNBC’s Jim Cramer said Wednesday. Culp, who became chief of GE in September, delivered his first annual letter to shareholders on Tuesday that Cramer said made a significant departure
AUDJPY price, news and analysis: The AUDJPY cross rate, which rises when traders are prepared to buy riskier assets and fall when they are seeking safe havens, is slipping lower – but only gently. That suggests traders are still relatively optimistic despite a raft of unfavorable political developments around the world. AUDJPY slips modestly lower
Monthly: We have broken the wedge formation to the downside. The pattern has a measured move target of 0.8303. A bearish Engulfing candle was posted in January. The corrective rally was sold into in front of the reverse trend line resistance at 0.8901 Weekly: Rallies close to the 61.8% of 0.9044 (from 0.9606-0.7621) Fibonacci retracement
Further comments by Trump on the summit It wasn’t appropriate to sign a deal today So, we are moving along Kim promised to not do nuclear tests or rockets In a position to do something special with North Korea Would much rather get it right with North Korea than do it fast ForexLive Trump also
Gold down $9 Gold broke through last week’s low of $1321 as it sinks to a session low and the worst since February 15. The US dollar is getting a broad lift from rising Treasury yields and month-end flows. Gold isn’t responding to turmoil in India-Pakistan and is at the tail end of a long
According to preliminary figures for EUR futures markets from CME Group, investors added around 1.3K contracts to their open interest positions on Wednesday vs. Tuesday’s final 528,376 contracts. On the other hand, volume contracted by more than 48k contracts. EUR/USD still targets 1.1400 and above Yesterday’s negative performance in EUR/USD was on the back of
GE stock is up more than 50% in the last 2 months. Copyright 2018 The Associated Press. All rights reserved. General Electric (GE) is up more than 50% since hitting a low of $7.03 in mid-December. Since this was not a very likely scenario, GE’s pensioners, many of whom have sizeable stockholdings, now have to
Manufacturing PMI at 3-year low More signs of how the Chinese economy is facing headwinds was evidenced by a further weakening in China’s PMI readings in February. The manufacturing PMI slid to 49.2, the lowest since February 2016, and the third month in a row it has been below to expansion/contraction threshold of 50. The
What to expect from the economic growth numbers from the US due 28 February 2019 Via Citi: Q4 growth is setting up to be very strong an unexpected narrowing in the trade balance in November Our Q4-18 GDP tracker currently stands at 2.5% However, Q1 growth is likely to slow as tighter financial conditions and
Daily Markets Broadcast 2019-02-28 Wall Street slumbers with lack of trade talk progress Wall Street ended mixed yesterday, rebounding from intra-day lows for a nondescript close. US top trade negotiator said China buying more US goods is not enough, need to see structural changes. China’s PMI readings fall in February. US30USD Daily Chart Source: OANDA
General Electric CEO Larry Culp has simplified the company’s report techniques and could be on the right path to fix the challenges in its power division, CNBC’s Jim Cramer said Wednesday. Culp, who became chief of GE in September, delivered his first annual letter to shareholders on Tuesday that Cramer said made a significant departure
Prepared by Jeff Halley, Senior Market Analyst You don’t bring a MIG-21 to a gunfight Geopolitical tensions ratcheted higher yesterday with Pakistan F-16 fighters shooting down an Indian MIG-21 over Kashmir and capturing the pilot after the Pakistan aircraft had themselves crossed into Indian airspace and conducted retaliatory airstrikes. It’s likely India was caught off
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work
Australian Dollar, China Purchasing Managers Index, Talking Points: A key gauge of China’s manufacturing health was weak for yet another month AUD/USD reversed sharply in the aftermath Hopes of a trade settlement between China and the US may have limited damage First-quarter technical and fundamental forecasts from the DailyFX analysts are out now. The Australian