Augustus
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Cycle trading: update: Silver miners leading
Back on 12/30/20 we looked at the precious metals sector. Last week the Miners closed out the week being contained by the declining 10 week MA. This week the Miners have started off strong and have broken convincingly above the 10 week MA and is now testing the declining weekly trend line. Gold has
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Philippines December inflation accelerates to 3.5% yr/yr
MANILA, Jan 5 (Reuters) - Philippine annual inflation picked up faster than expected to 3.5% in December, driven by the heavily-weighted food and non-alcoholic beverages sector to hit the highest level since February, 2019, the statistics agency said on Tuesday. That brought the full-year 2020 avera
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Canadian manufacturing activity increases at a record pace in December
TORONTO, Jan 4 (Reuters) - Canadian factory activity expanded at its fastest pace on record in December as new orders and production climbed, while manufacturers grew more optimistic that output would continue to rise in 2021, data showed on Monday. The IHS Markit Canada Manufacturing Purchasing Man
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EUR/JPY Price Analysis: Further consolidation in the pipeline
EUR/JPY extends the consolidation above the 126.00 level. Next on the upside emerges the 2020 highs near 127.20. EUR/JPY extends the consolidative mood above the 126.00 level for yet another session at the beginning of the year. The cross remains side-lined since December with gains so far capped by
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Time to say goodbye to 2020!
Tradehay.com: 31/12/2020 - 10:21 This looks like a quiet end to a turbulent year. Most of the European markets were closed. FTSE 100 futures fell while Sterling celebrates the Brexit issue being settled - but it's not known how long it will last, as trade disruptions await on the other side of the N
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UPDATE 1-S.Korea exports post sharpest expansion in 26 months in Dec, but slide 5.4% y/y in 2020
(Writes through, adds details, trade ministry official comment) SEOUL, Jan 1 (Reuters) - South Korea’s exports expanded at their fastest pace in 26 months in December, on robust chip demand and improved global demand, providing additional signals that the recovery is on track despite resurgences in
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READ N' GO-Daily News Recap
Good morning traders! This is the official account to find out all the breaking news that may/may not affect your trading decision such as economy policies, political moves, global agendas and more. BUT first, to start off your day with a bang, here's a recap of the important news we think you shoul
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U.S. Stocks Move Moderately Higher Amid Light Trading
Stocks have moved moderately higher in morning trading on Wednesday, offsetting the downturn seen over the course of the previous session. The major averages have all moved to the upside but remain below yesterday's record intraday highs. Currently, the major averages are hovering in positive territ
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Wall Street ends lower but crude advances as Senate weighs expanded stimulus
NEW YORK (Reuters) -Wall Street lost ground on Tuesday, retreating from intraday highs, while oil prices gained ground as investors looked to Washington for signs that an enhanced stimulus package would pass a U.S. Senate vote. All three major U.S. stock indexes oscillated, at one point following th
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EUR/USD to confirm bullish potential at the 1.2277 year high
EUR/USD advanced to a fresh weekly high just above the previous one in the 1.2260 region but lacks momentum. Bulls would gain ground if the pair reach fresh year’s highs at 1.2277, FXStreet’s Chief Analyst Valeria Bednarik informs. Key quotes “The American dollar weakens as equities surge, these las
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USD Remains Weak, While US Stocks Rise
The dollar remained near a 2 ½ year low against a number of its counterparts yesterday due to demand for safe-havens remaining rather low, as U.S. lawmakers continued to push forward with a COVID-19 relief package. The risk on mood of the market got another boost, as the US House of Representatives
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Trump still makes (or fakes) the news
We start the day risk-on with US and European index futures pushing higher and touching all-time highs following the news that the US Fiscal package could be a lot higher than originally expected. This was after the House backed the president’s proposal to boost checks to $2,000 from $600 and after
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Sterling Retreats after Failing Breakout, Dollar Recovers
Global stock markets are lifted by US fiscal stimulus as well as Brexit trade deal. S&P 500 and NASDAQ are set to extend recent record runs, as indicated by futures. Though, the movements in the forex markets are relatively subdued. Sterling is paring some of last week’s gains, after failing to
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Silver grinds back towards Asia session highs above $26.50, up more than 3.0% on the day
XAG/USD has pushed back to the north of the $26.50 mark in recent trade an eyes a test of daily highs close to $26.80. News that Trump signed the $2.4T US stimulus bill into law has given risk appetite and precious metals a boost. Spot silver prices (XAG/USD) are substantially higher on the first tr
Pull-up Update
