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EMERGING MARKETS-Philippine stocks fall as rate cut hopes fade, S. Korea index at record

* South Korea stocks mark seventh straight session of gains * Thai shares firm over 1% * Most Asian currencies weaken vs dollar By Anushka Trivedi Jan 5 (Reuters) - Philippine shares slumped 1% on Tuesday as higher-than-expected inflation figures dimmed hopes of an interest rate cut in the near term

BTCUSD Bounces Back

Bitcoin has staged a strong bounce back on the cryptocurrency market after the BTCUSD pair suffered a twenty percent correction on Monday. Traders that are bullish towards the BTCUSD pair may have bought the dip in expectation of a coming rally towards the $36,000 area. The upcoming Georgia state ru

EURUSD Another Rejection

The euro currency has incurred another rejection from the 1.2300 resistance level against the US dollar, following the release of solid Manufacturing data from the US economy. If bulls fall to move the EURUSD past the 1.2300 level, then sellers could move the pair back towards the 1.2130 support are

FACTBOX-List of Chinese firms designated by U.S. as military-linked, along with subsidiaries

HONG KONG, Jan 5 (Reuters) - The New York Stock Exchange said it no longer intends to delist China Mobile Ltd , China Unicom Hong Kong Ltd and China Telecom Corp Ltd which have been targeted by U.S. President Donald Trump's outgoing administration, in a shock reversal of an announcement made only la

First majestic looking to outperform in 2021

First Majestic Silver (symbol: $AG) is one of the purest Silver miners in the market. It’s one of the best primary silver producers with healthy balance sheet and ample cash flow. This year, one of the most prominent mining and billionaire investors Eric Sprott has invested C$ 78 million to get a 2.

UPDATE 2-FTSE Russell cuts three more China firms from indexes after U.S. blacklist

(Adds statement from London Stock Exchange) LONDON, Jan 4 (Reuters) - FTSE Russell will delete a further three firms from its global equity indexes after guidance on an executive order by outgoing President Donald Trump barring U.S. investments in some Chinese companies, a hardening of his stance ag

U.S. construction spending races to record high in November

WASHINGTON (Reuters) - U.S. construction spending rose to a record high in November, boosted by a robust housing market amid historically low mortgage rates, which could help blunt some of the hit on the economy from raging COVID-19 infections. The Commerce Department said on Monday that constructio

Fed's Evans says policy 'well-positioned' now

Jan 4 (Reuters) - Chicago Federal Reserve President Charles Evans on Monday said the U.S. central bank’s current policy stance is “well-positioned” and that by springtime it would become clearer if or how the Fed needs to adjust its asset purchase program. “Our current way of doing the $120 billion

EUR/USD analysis: Remains below 1.2310

EUR/USD During Monday morning hours, the EUR/USD currency pair pierced the weekly R1 at 1.2291. It is likely that the exchange rate could face the resistance level at 1.2310 and reverse south in the short term. In this case the rate could decline to the support formed by the weekly PP and the 200-ho

GBPUSD Tops At 1.3700 In The First Trading Day Of 2021

GBPUSD stretched its rally to a fresh 32-month high of 1.3700 in the first trading day of 2021, but it continues to face limitations around the topline of the upward-sloping channel, which it failed to successfully overcome last week. Technically, the short-term bias remains on the positive side in

ETHUSD Breaks $1,000

Ethereum is surging higher on Monday, with second-largest cryptocurrency easily breaking past the psychological $1,000 resistance level. Technical analysis shows that ETHUSD bulls could be targeting the cryptocurrencies all-time high, around the $1,400 level. The monthly time frame shows than an ext

Cathie wood warns market correction soon —Price action analysis on S&P 500 [Video]

During the interview with Bloomberg on 18 Dec 2020, Cathie Wood, the CEO and CIO of the ARK Invest, warns about the market correction. Let’s analyze S&P 500 with volume spread analysis and Wyckoff method. Let’s tackle from the price action analysis for S&P 500 to see if we can spot any tell-

Gain in risk assets will continue, but slower

Investors ended one of Wall Street’s wildest years on record by piling into everything from bitcoin to stock markets, raising expectations that a powerful economic comeback will fuel even more gains. The vast climb known as the everything rally accelerated late in the year, sending the S&P 500 t

Dollar strengthens slightly on year end flows

EUR/USD Drops Into The Year-End The euro currency was down over 0.63% into the yearly close. The declines come amid thin trading and the US dollar posting a modest rebound. The euro currency has been consolidating near the rising trend line over the past few days. While price action was making modes

Shenzhen Announces 20 Million Digital Yuan Giveaway

Photo: China Shenzhen, one of the most populous cities in China announced that its residents will be able to receive 20 million digital yuan, worth nearly $3 million as a gift. Shenzhen joins Suzhou to test the real-life use of China’s central bank digital currency. According to an official announce

Pull-up Update