··· 1,646 Vistors
Move-in date 12 Dec 2017 Joined
position --
birthday 17 Jan Birth

Natural Gas Futures: Rebound still looks healthy

In light of flash readings from CME Group for Natural Gas futures markets, open interest rose for the second consecutive session on Monday, this time by around 13.2K contracts. In the same direction, volume ticked higher by around 46.1K contracts. Natural Gas faces initial hurdle at $2.80/MMBtu Mond

Breaking: British PM Johnson to announce new national lockdown for England, starting midnight - BBC

British Prime Minister Boris Johnson to announce new national lockdown for England, starting at midnight, according to the BBC. There will be a live announcement coming up. So far, there has been no reaction in the market but the expectations are for further pressures on sterling. The fact was well

GBP/JPY another bounce is possible

The GBP/JPY should make a bounce from the 88.6 zone as the price is still technically bullish The POC zone for the GBP/JPY is exactly within 140.12-30. We should see an upmove whichshould be signalled if the price starts to reject from the zone. Targets are 141.42, 141.60 and141.90. Only a drop belo

USD/CAD slides to fresh multi-year lows, further below 1.2700 mark

A combination of factors exerted some pressure on USD/CAD for the fifth straight session. The prevalent risk-on environment was seen as a key factor weighing on the safe-haven USD. A goodish pickup in oil prices underpinned the loonie and contributed to the intraday slide. The selling bias surroundi

Soybean weekly forecast

This/Next Week Forecast (January 4 – 8, 2021) Uptrend scenario The uptrend may be expected to continue, while market is trading above support level 1265, which will be followed by reaching resistance level 1380. Downtrend scenario An downtrend will start as soon, as the market drops below support le

GBP/USD retreats below 1.3650 after touching fresh 31-month high at 1.3686

GBP/USD edges lower from multi-year high it set earlier. Trading action is expected to remain subdued in the remainder of the day. US Dollar Index registers small losses ahead of Jobless Claims data. The GBP/USD pair extended the weekly rally and touched its highest level since May 2018 at 1.3686. A

S&P dividend payments to investors hit record in 2020 despite virus hit

NEW YORK (Reuters) -Dividend payments to investors in the S&P 500 rose to a new record in 2020, despite the challenge posed by the coronavirus pandemic, according to research from S&P Global. Dividends payments rose 0.7% to $58.28 per share from the previous record set in 2019, according to

US STOCKS-Wall Street edges higher on recovery outlook

* Energy, materials rise * Mastercard jumps on Stephens PT raise * Wall Street indexes trading below all-time highs * Dow up 0.22%, S&P 500 up 0.12%, Nasdaq up 0.20% (Updates to mid-afternoon, changes byline) NEW YORK, Dec 30 (Reuters) - U.S. stocks rose on Wednesday to hover just below record l

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

NZD/USD climbs above 0.7200 for the first time since April 2018

NZD/USD extends its daily rally in early American session. US Dollar Index pushes lower as US stocks trade in the green. US' trade deficit widened to $84.82 billion in November. The NZD/USD pair gained traction during the early trading hours of the American session and advanced to its highest level

Indian Market Likely To See Mixed Start

Indian shares are likely to open on a mixed note on Wednesday. While higher SGX Nifty futures point to a slightly higher start, weakness in Asian markets and the overnight decline on Wall Street may weigh on stocks. Also, investors may look to take some profits after five successive days of gains. S

Cycle Trading: Gold update

We will begin tonight with a look at gold’s chart from 12/22/20. Back on 12/22 we noted that gold ran into resistance at the declining intermediate trend line and then lost the 50 day MA. Since then gold has found support at the rising 10 day MA and has regained the 50 day MA. Gold needs to break ab

EUR/GBP continues consolidation around 0.9080 as traders mull what’s next for 2021

EUR/GBP continues to trade sideways either side of the 0.9080 mark as trade quietens down into the year-end. Brexit, international trade and investment deals, Covid-19 lockdowns and vaccine rollouts all likely to drive the pair in 2021. EUR/GBP has gone sideways or has at the very least been caught

Pull-up Update