Author: FX
The US Dollar strengthens across the FX space, a tailwind for the USD/CHF. USD/CHF Price Analysis: Shifted to neutral biased once buyers hurdle the 20-DMA. The USD/CHF is surging sharply during Friday’s North American session, as Wall Street is set to finish the last trading day of the week with losses. Therefore, the USD/CHF is trading at 0.9260, above its opening price by 1.42%. USD/CHF Price Analysis: Technical outlook On Friday, the USD/CHF rally broke two downslope resistance trendlines, which would pave the way for further losses. In addition, the 20-day Exponential Moving Average (EMA) at 0.9210 was reclaimed during…
The high price reached $78.00 today. The low reached $73.13. The price traded to the lowest level going back to January 23. The low for the year reached $72.46 back on January 5th. The cycle low from December reached $70.08. Taking a broader look at the weekly chart, the price of crude oil has been moving up and down since November 21 week. Since that week, the price has seen resistance near the 50% of the move up from the November 2020 low near $82.07 (the high reached $82.64), and support near the 61.8% of the same move at $70.84…
USD/CAD climbs in the North American session after hitting a daily low of 1.3311 before Wall Street opened. Nevertheless, a strong US jobs report bols Source link
hapabapa/iStock Editorial via Getty Images Asset Entities (NASDAQ:ASST), which develops and manages community servers for Discord (DSCD), saw its stock slide 30% following the company’s $7.5M initial public offering. Shares of Asset Entities opened at $5.88, reaching an early high of $6.98 before sliding to a low of $3.18 in early afternoon. The stock recently changed hands at $3.40 at approximately 2:50 p.m. ET. The company offered 1.5M shares at $5 per share. Underwriters were granted a 45-day option to buy up to 225K additional shares at the IPO price to cover over-allotments. Boustead Securities is serving as sole bookrunner.…
EURUSD falls to the low from earlier this week/swing areaThe EURUSD EUR/USD The EUR/USD is the currency pair encompassing the European Union’s single currency, the euro (symbol €, code EUR), and the dollar of the United States (symbol $, code USD). The pair’s rate indicates how many euros are needed in order to purchase one dollar. For example, when the EUR/USD is trading at 1.2, it means 1 euro is equivalent to 1.2 dollars. Why the EUR/USD is the Most Popular Trading PairCompared to all tradable currencies, the euro (EUR) is the world’s second most traded currency, be The EUR/USD…
ATOM Indicators Predict Bull Run Despite Hitting New 30-Day High Recent research predicts a lengthy bull run in the foreseeable future.Bullish momentum drives ATOM to a new 30-day high of $15.12.Bulls must exert pressure to drive ATOM prices to new heights. The Cosmos (ATOM) market has suffered a correction in recent hours, with the price increasing by 1.62% to $15.05 as of press time. This bullish dominance propelled ATOM to a 30-day high of $15.12 after hitting support of around $14.31. The market capitalization increased by 1.61% to $4,308,719,475 due to the bullish run; however, the 24-hour trading volume decreased…
<ul><li>Job number was a "wow" number, but trend not surprising</li><li>Fed prepared to to do more</li><li>Rate decisions will depend on <a href="https://www.forexlive.com/terms/i/inflation/" class="terms__main-term" id="ad51a5a2-1afc-4f42-9e62-ea6faf6f90fa" target="_blank">inflation</a></li><li>Fed policymaker forecasts a good indicator but prepared to do more</li><li>Too early to talk about what we will do meeting by meeting</li><li>Directional policy is for additional tightenings, then hold for some time</li><li>The number one surprise coming out of the pandemic has been the resiliency of the US economy</li><li>I see a strong labor market</li><li>Far too early to declare victory, or a peak</li><li>Will need to be in restrictive policy stance until truly believe inflation will come down to 2%</li></ul><p>At…
The NASDAQ NASDAQ The Nasdaq Stock Market or NASDAQ is an American stock exchange. It trails only the New York Stock Exchange (NYSE) in market capitalization and is part of a network of stock markets and options exchanges.Launched back in 1971, NASDAQ is the acronym for the National Association of Securities Dealers Automated Quotations. Since then it is known simply as NASDAQ and has become one of the most influential exchanges worldwide.The NASDAQ was the world’s first electronic stock market, and has since ass The Nasdaq Stock Market or NASDAQ is an American stock exchange. It trails only the New…
GBP/USD nosedives and extended its losses past the 50 and 200-day Exponential Moving Average (EMA) on Friday after a surprisingly strong jobs report from the United States (US) that increased speculations that the Federal Reserve (Fed) could raise rates back above Wednesday’s 25 basis points mark (bps). At the time of writing, the GBP/USD is trading at 1.2060 after reaching a daily high of 1.2265. Read More… The GBP/USD tumbled from 1.2250 to 1.2100, reaching the lowest level in three weeks after the NFP. During the last hour, it rebounded modestly rising toward 1.2150. Read More… The GBP/USD pair finds decent support near the…
The Pound Sterling opposes no resistance to upbeat economic data in the United States. US jobs data and services activity showed that the US economy remains solid despite the US Federal Reserve tightening cycle. For the next week, GBP/USD traders are eyeing the UK GDP and US Fed speakers. GBP/USD nosedives and extended its losses past the 50 and 200-day Exponential Moving Average (EMA) on Friday after a surprisingly strong jobs report from the United States (US) that increased speculations that the Federal Reserve (Fed) could raise rates back above Wednesday’s 25 basis points mark (bps). At the time of…