EUR/GBP rises 0.22% on weak UK economic data. UK’s retail sales data drop 2.5% vs 0.4% expected. The short-term trend is up, however stronger UK economic data, supports the British pound. The EUR/GBP rises for the second day in a row, modestly gain 0.22%, trades around 0.8580. For the second week in a row, recovers
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On the session, the USD/CHF is down 0.14%, trades around 0.9176. The daily chart supports the uptrend. In the case of a short correction, price will tend to favor buyers Daily chart The price is trading around 0.9170. The daily moving averages stand underneath the spot price, and support moves towards the upside, however, recent
As we head towards the NY close, the white-metal trades down 0.87%. The US dollar fell 0.06% as the American session unwinds. The US 10-year Treasury yield rise to 1.26%. Despite US dollar weakness, silver slides for the third day in a row, and trades around $23.06 down almost 1%. The US dollar index is
Daily technical and trading outlook – GBP/USD GBP/USD – 1.3639.. Cable remained under pressure y’day n fell fm 1.3758 (AUS) to 1.3713 in Asia. Intra-day decline accelerated in Europe due on usd’s rally together with cross-selling in sterling, price tumbled to 1.3631 in NY. On the bigger picture, despite cable’s brief break of 2016 post-Brexit
WTI portrays a corrective pullback from May’s low. Bearish MACD, sustained breaks of the key supports keep sellers hopeful. 200-DMA can challenge bears below May’s bottom, bulls remain cautious below $66.90. WTI snaps six-day downtrend to consolidate recent losses around $63.83, up 0.30% intraday, during Friday’s Asian session. In doing so, the energy benchmark bounces
Robinhood falls sharply after results disappoint investors. HOOD falls over 11% as the company warns about Q3 numbers. Robinhood is closely watched as a barometer of the retail volume in the market. Robinhood (HOOD) released earnings after the market closed on Wednesday and investors did not like what they heard. Earnings Per Share (EPS) came
A break above 151.16, the double-top neckline could negate the chart pattern. If the pattern is confirmed, 149.00 is the target. GBP/JPY post modest gains 0.08%, eyes 151.16. The GBP/JPY trades modestly up in the session at 151.05 slightly up 0.05%. In the previous session, the pair closed at 150.82 a gain of 0.30%. GBP/JPY
GBP/USD Forecast: Dead-cat bounce points to further falls, Fed minutes could pummel the pound No mercy in the summer – the safe-haven dollar has been gaining ground and the pound has been suffering from weak data. That has resulted in a mere “dead-cat bounce” for GBP/USD, following its sharp drop below 1.38. It is now
USD/CHF edges higher during the two-day uptrend towards weekly high. Downbeat momentum, key SMA hurdle challenges the further upside. 61.8% Fibonacci retracement offers strong support, bulls may aim for 0.9200 during further advances. USD/CHF remains on the front foot, recently easy around 0.9150 during Wednesday’s Asian session. The Swiss currency pair bounced off the 61.8%
AUD/USD fell to its lowest level since November at 0.7279. US Dollar Index clings to modest daily gains above 92.70. RBA noted that recent coronavirus outbreaks are weighing on recovery. After closing the first day of the week in the negative territory, the AUD/USD pair came under strong bearish pressure during the Asian session and
USD/JPY extends the previous session’s decline on Tuesday. US Dollar Index rebounds modestly above 92.50 on risk-off sentiment. The Yen gains on a general flight to safety due to geopolitical unrest and coronavirus concerns. The USD/JPY pair remains under bearish pressure in the initial Asian trading hour. After testing fresh daily lows near 109.10 in
DXY regains the smile following Friday’s strong pullback. The recovery is expected to target recent tops near 93.20. DXY manages to pick up some buying interest and rebound from earlier lows in the 92.50 region. The continuation of the recovery could extend beyond the 93.00 mark in the short-term horizon, although a tough barrier is
“US House Speaker Nancy Pelosi told lawmakers Sunday that she had asked a House committee to advance both a $1 trillion infrastructure plan and a $3.5 trillion spending package together,” said Reuters in a news published late Sunday. The move is considered as an effort to patch up divisions that had threatened to stall President
Bearish risks continue to prevail in the EUR/GBP according to analysts at MUFG Bank. They hold the idea of shorting the cross with a target at 0.8320. They consider that positive developments regarding COVID reinforces the bullish outlook for the pound. Key Quotes: “We are maintaining a short EUR/GBP trade idea to reflecting building
GBP/USD Weekly Forecast: Sterling capped by looming Federal Reserve policy change Sterling stalls near the middle of its six-month range. UK economic data improves, promising an advance in the third quarter. Covid cases climb but future direction and impact are uncertain. FXStreet Forecast Poll is bullish but the gains are minor. Sterling declined on the
NYSE:BABA fell by 1.64% on Thursday as China stocks continued to pull back. AliBaba is taking steps to protect its female employees amidst the sexual assault scandal. Baidu earnings top Wall Street, but the emergence of COVID variants gives the market pause. NYSE:BABA is showing continued weakness as it continues to be mired in scandals
WTI extends pullback from weekly top, refreshes intraday low. IEA, OPEC raised concerns over oil demand amid Delta covid variant fears. US-Afghan talks may placate Taliban-led jitters, suggesting higher supplies. US data, risk catalysts are important for bear’s return. WTI crude oil prices drop to the fresh intraday low of $68.58, down 0.23% on a
NYSE:DIDI fell by 3.71% on Wednesday as China weakness continued. The ongoing investigation into Didi could result in an executive shuffle. Softbank announces it will pull out of investing in China stocks. NYSE:DIDI fell once again on Wednesday, a sigh that shareholders are getting all too used to unfortunately. The Chinese ride-hailing stock fell below