Dollar Major Recovery Becomes a Real Risk After a Surprisingly Strong US Payrolls Report |
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USDCAD,H4 | Potential Reversal from Major Resistance
To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world class analysts.TitleUSDCAD, H4 | Potential reversal off a key overlap resistanceTypeBearish ReversalPreference:We're seeing price test a key overlap resistance at 1.3345. There's a chance price might reverse from here to push prices all […]
US major indices close mixed
The major US stock indices are closing with mixed – but modest – results. The major indices erased sharp declines. The final numbers are showing: Dow Industrial Average rose 9.86 points or 0.03% of 33743.83 S&P index fell -0.73% or -0.02% at 4016.21 NASDAQ index fell -20.90 points or -0.18% at 11313.37 Russell 2000 rose […]
Mixed open for the major US stock indices
The major US stock indices opened mixed with the Dow lower and the S&P and Nasdaq higher. The S&P has dipped into negative territory in the first few minutes of trading but is trading above and below the level currently. A snapshot 10 minutes into the open is showing: Dow Industrial Average down -66.81 points […]
US dollar: bearish sentiment still prevails despite major decline
After falling last week by 2% to 101.80, the dollar index rebounded on Monday amid no visible bearish catalysts to push lower. The rebound could be also facilitated by the fact that the price has reached the lower bound of the bearish channel:From a technical point of view, upside USD correction after the significant drop […]
Japan Senior govt member on BOJ policy: Now not the time for making a major policy change
Bloomberg (gated) with the comments from “a senior ruling party lawmaker” in an interview on Friday. Hiroshige Seko, the Liberal Democratic Party’s upper house secretary general, a senior member of the political faction of former premier Shinzo Abe. It would be premature to start exiting stimulus when demand continues to lag behind supply in Japan’s […]
Major indices erase declines. Nasdaq getting closer to 100 day MA
The major indices have erased declines, and the major indices are back in black. Technically, the S&P is back above its 200 day MA at 3981.17. The price is at 3988 currently. The Nasdaq is getting closer to its 100 day MA at 11057.39. The high today just reached 11043.59 (within 14 points of the […]
Forexlive Americas FX news wrap: The major indices post the 2nd consecutive positive week
The ghost of 2022 is behind us in the stock market as the major indices closed higher for the 2nd consecutive week to start the new year. The gains have been led by the Nasdaq which rose by an oversized 4.82% this week (largest 1 week gain since November 7 week), after rising by near […]
Major currencies mostly little changed so far on the day
The dollar is mostly little changed with the ranges for some dollar pairs still leaving a lot to be desired. EUR/USD is flattish around 1.0737, holding within a 32 pips range so far on the day. GBP/USD and USD/CHF are also more or less flat and also observing 30+ pips range as we get European […]
Major European indices close with solid gains
The European major indices cheered on the lower inflation reading for the second consecutive day. Today France’s preliminary CPI came in lower than expectations. Warm weather and lower energy prices are also a contributing factor to the better tone. The German DAX had its best day since November 10. France’s CAC its best since November […]