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USD/JPY soars from nine months lows, rises back above 103.00 as Wall Street tumbles

USD/JPY consolidates recent bounce from multi-month lows despite risk aversion. Yen recovers versus G10 currencies on risk aversion. The USD/JPY rose further during the American session and climbed to 103.25, 55 pips above the nine-month lows it reached earlier at 102.70. It rebounded sharply as equ

USD/JPY Forecast: Pressure mounts on the dollar

USD/JPY Current price: 102.88 Japan’s December Jibun Bank Manufacturing PMI came in at 50, improving from 49.7. Equities extend their year-end rally, Wall Street reaches all-time highs. USD/JPY is at risk of extending its decline, with investors eyeing 101.17. The American dollar is in sell-off mode

Malaysia's Top Glove pledges bigger dividend as shares tumble

KUALA LUMPUR, Jan 4 (Reuters) - Malaysia’s Top Glove Corp , the world’s largest medical gloves maker, hiked its proposed dividend on Monday as its shares came under pressure from speculation the rollout of COVID-19 vaccines could hit demand for its products. The company, whose shares rocketed last y

OPEC’s Barkindo: Oil inventory levels show positive momentum but remain stubbornly high

During the 47th meeting of the Joint Technical Committee (JTC), OPEC Secretary-General Mohammad Barkindo noted that crude oil demand will shift from reverse to forward gear and rise to 95.9 million barrels per day (bpd) this year, a gain of 5.9 million bpd from 2020. Even so, the OPEC leader also ra


Photo: Google Image Oanda is a United States-based forex trader that has gained popularity in recent times owing to its service provision. It was formed in the year 1997 in New York City with the aim of providing exemplary forex trading conditions. Over the two decades that it has been in operation,

U.S. Stocks Pull Back Off Best Levels But Close Modestly Higher

After an early move to the upside, stocks gave back some ground over the course of the trading session on Wednesday but managed to end the day modestly higher. With the uptick on the day, the Dow reached a new record closing high. The Dow rose by nearly 190 points in morning trading but ended the se

Treasuries Close Slightly Higher After Another Lackluster Session

After closing nearly unchanged for two consecutive sessions, treasuries continued to show a lack of direction during trading on Wednesday. Bond prices spent most of the day lingering near the unchanged line before closing slightly higher. As a result, the yield on the benchmark ten-year note, which

Dollar plumbs more than two-year lows as stimulus hopes stay high

NEW YORK (Reuters) - The euro, Aussie and New Zealand dollars all posted more than two-year highs against the struggling greenback on Wednesday as investors bet on more U.S. fiscal support and positioned for year-end in light trading volume. Investors are betting that an improving economic outlook a

Britain and EU look to new chapter as final obstacles to Brexit clear

LONDON/BRUSSELS (Reuters) -British Prime Minister Boris Johnson urged parliament to back his post-Brexit deal with the European Union and open a new relationship as a “friendly neighbour” with the bloc. Britain and the European Union were signing the deal on Wednesday and the British parliament will

BTC/USD Forecast: Trying to Stabilize at Colossal Heights

The Bitcoin markets fluctuated during the trading session on Tuesday in what continues to be an extended and stratospheric move. The market continues to see a lot of reasons for Bitcoin to continue going higher, mainly due to stimulus coming out the United States. This should bring down the value of

Defying Trump, McConnell puts off vote on $2,000 checks, urges override of defense bill veto

WASHINGTON (Reuters) - Senate Majority Leader Mitch McConnell on Tuesday put off a vote on increasing COVID-19 relief checks from $600 to $2,000 and urged senators to override President Donald Trump’s veto of a defense bill, in a rare challenge to his fellow Republican three weeks before Trump leave

S&P 500 Index opens at new all-time highs above 3,750

Wall Street's main indexes trade at new all-time highs. All major sectors of the S&P 500 stay in the green after the opening bell. After closing in the positive territory on Monday, major equity indexes extended the rally on Tuesday and opened at new record highs. As of writing, the Dow Jones In

Silver Spot: Choppy

Pivot (invalidation): 26.0700 Our preference Long positions above 26.0700 with targets at 26.6000 & 26.7700 in extension. Alternative scenario Below 26.0700 look for further downside with 25.8000 & 25.5500 as targets. Comment The RSI is mixed to bullish.

Crude Oil: Key Resistance At 48.30

Pivot (invalidation): 48.30 Our preference Short positions below 48.30 with targets at 47.55 & 47.25 in extension. Alternative scenario Above 48.30 look for further upside with 48.60 & 48.95 as targets. Comment The RSI is mixed with a bearish bias.

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