General Market U.S. stocks are seen opening higher Friday, rebounding after recent weakness, but still seen posting weekly losses as investors fret about the ongoing Covid outbreak derailing the economic recovery. At 7:05 AM ET (1105 GMT), the Dow Futures contract was up 170 points, or 0.5%, S&P 500 Futures traded 20 points, or 0.4%, […] More
General Market U.S. stock index futures fell on Thursday ahead of weekly jobless claims data, as uncertainty around Federal Reserve’s monetary tapering timeline and signs of slowing economic growth were a drag on investor sentiment. Futures tied to the S&P 500 and Dow Jones suggest that both the indexes would extend losses for a fourth […] More
General Market U.S. stocks are seen opening a little lower Wednesday, continuing the previous session’s weakness as investors reassess the economic growth outlook amid worries about the impact of the ongoing Covid-19 wave. At 7:05 AM ET (1105 GMT), the Dow Futures contract was down 10 points, or less than 0.1%, S&P 500 Futures traded […] More
General Market U.S. stocks are seen opening largely unchanged Tuesday, off recent highs after the disappointing August jobs report, with Boeing (NYSE:BA)in the spotlight after losing out on aircraft orders. At 7:05 AM ET (1105 GMT), the Dow Futures contract was up 20 points, or 0.1%, S&P 500 Futures traded basically unchanged, while Nasdaq 100 […] More
General Market Global shares posted their longest winning streak in three months on Monday, aided by the chance of low interest rates for longer in the United States and talk of more stimulus in Japan and China, while oil slid as the Saudis cut prices for Asian customers. A holiday in the United States made […] More
General Market U.S. stocks are seen opening marginally higher Friday, remaining around record levels ahead of the release of the August job’s report, which may cement growing expectations of a delay to the Federal Reserve’s tapering plans. At 7 AM ET (1100 GMT), the Dow Futures contract was up 55 points, or 0.2%, S&P 500 […] More
General Market U.S. stocks are seen edging higher at the open Thursday, but gains are likely to be limited ahead of the release of more important employment data, with the Federal Reserve’s tapering plans at the forefront of investors’ thoughts. At 7:05 AM ET (1105 GMT), the Dow Futures contract was up 50 points, or […] More
EUR/USD The bulls need 2 closes above the Aug. 13 lower high. If they get that, the rally should continue up to the July 30 lower high or the June 25 lower high. Bears want a reversal down from a double top with the Aug. 13 lower high. They probably will not get a strong […] More
EUR/USD In case of breakdown of the important resistance level 1.1825, further growth towards the key resistance levels 1.1885, 1.1905 can be expected. Breakdown of the long-term resistance level of 1.2065 will return EUR/USD to the bull market zone with the prospect of its further growth to the resistance levels of 1.2180 (50% Fibonacci level […] More
EUR/USD EUR/USD eventually escaped the trading range of 1.1725/1.1765 where it has been trapped for a couple of days. Traders managed to extend a correctional move from the major support of 2021. The buyers could face resistance at 50.0% and 61.8% Fibonacci levels. The RSI technical indicator is hovering around the average level of 50. […] More
EUR/USD EUR/USD alternates gains with losses near the 1.1750 area. The German Business Climate eased a tad in August. US Durable Goods Orders will take centre stage in the NA docket. EUR/USD struggles to maintain the uptrend well and sound after posting gains in the last three sessions, including the rebound from last week’s new […] More
EUR/USD EUR/USD’s upside faltered around the 1.1750 region. The resumption of the selling pressure targets 1.1660. EUR/USD struggles to advance further north of the 1.1750 region so far on Tuesday. The pair needs to surpass the 1.1750 zone to allow for another visit to last week’s tops in the 1.1800 neighbourhood. Further up comes in the […] More