Megan
GBP/JPY Daily Outlook
Daily Pivots: (S1) 136.42; (P) 136.89; (R1) 137.74;
Intraday bias in GBP/JPY remains on the upside at this point. Rebound from 133.03 would target a test on 142.71 high. On the downside, though, break of 135.05 will likely resume the fall from 142.71 through 133.03 to 61.8% retracement of 123.94 to
Sweden Manufacturing Growth Improves Further In September
Sweden's manufacturing activity grew for a fifth month in a row in September led by strong demand and increased output, survey data from Swedbank and the logistics group SILF showed on Thursday. The purchasing managers' index rose to 55.3 from an upwardly revised 53.8 in August. A reading above 50 s
EUR/USD Daily Outlook
Daily Pivots: (S1) 1.1713; (P) 1.1792; (R1) 1.1853;
EUR/USD breached 1.1737 support briefly but quickly recovered. Intraday bias stays neutral first. On the downside, firm break of 1.1737 will reaffirm the bearish case that fall from 1.2011 is correcting whole rise from 1.0635. Intraday bias will be
Possible Correction on its Way, NZDUSD
#NZD/USD#
I am not a big fan of betting against such a powerful trend specially at such an early stage of a possible reversal. This is a risky idea and if anybody chooses to use it on their own accounts the important price to keep in mind that should hold for this analysis to be valid
The difference between the equity markets in the US and in the Eurozone – Natixis
After the fall in the equity market caused by the COVID-19 crisis, the market's recovery was much faster and more drastic in the US than in the Eurozone, to the point that there is no longer any sign of the crisis in the US. Analysts at Natixis seek to identify the reasons for the significantly bett
Gold still looks cheap after accounting for inflation-adjusted yields - Pimco
Gold’s price reached a record high of $2,075 per ounce earlier this month and was last seen trading at $1,925, representing a 27% gain on a year-to-date basis.
However, bond fund giant Pimco’s validation model, which is based on changes in the real, or inflation-adjusted yield of government bonds,
Gold Price Analysis: XAU/USD trades near sideways channel support
Gold is stuck in a sideways channel on the hourly chart.
Channel breakdown would open doors for deeper pullback to recent lows.
Gold is trading near the hourly chart sideways channel resistance of $1,954.
The consolidation seen on the hourly chart is preceded by a violation of the trendline risi
NYDFS Creates Crypto Greenlist, Includes Paxos Issued Tokens
Photo: Bloomberg
The New York State Department of Financial Services (NYDFS) has recently issued a “greenlist” of virtual currencies, which have been pre-approved by the regulator for licensees to list and trade.
On its greenlist, the regulator has pre-approved coins for custody and coins for list
Revolut Adds Stellar Lumens as the Sixth Crypto
Photo: FM
Revolut, one of the major UK-based challenger banks, has added Stellar lumens (XLM) in its cryptocurrency offerings, allowing its users to buy and sell the token.
First reported by Coindesk on Monday, the new listing happened due to “overwhelming demand” for XLM among Revolut users. It h
An odd week ahead
Some more awful GDP data is on the cards, but the Fed is in focus, and will likely say something supportive while we await the next fiscal package.
Monetary policy to the rescue?
While the US politicians continue to bicker about what to do in terms of additional fiscal policy (more of a question of
USD/JPY shorts at 107.25/35 are working perfectly
USD/JPY – EUR/JPY
USDJPY shorts at 107.25/35 are working perfectly as we hit minor support at 106.60/50 for a potential 75 pip profit.
EURJPY longs at 122.65/55 looking good after our buy signal targeting 123.20/30, 123.50/60 & 123.90/124.00. We continued higher to 124.28.
Updated at 03:20 GMT
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US President Trump: Possible he could close more Chinese diplomatic sites
The US President Donald Trump said that it is possible that he could close more Chinse diplomatic sites.
Tensions between China and the United States have reached the most acute levels since the US President called out China in a name blaming over the coronavirus back on April and in an official add
Pull-up Update