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US Stocks Slump On The Rising Coronavirus Cases

US stocks fell sharply yesterday as investors remained fixated on the rising number of coronavirus cases in the United States. The Dow Jones declined by more than 600 points while the S&P 500 and Nasdaq 100 declined by more than 2%. The number of new cases in the United States has continued to r

EUR/USD risks a correction lower in the very near-term – UOB

EUR/USD faces a potential leg lower although solid support emerges at 1.2200, suggested FX Strategists at UOB Group. Key Quotes 24-hour view: “We expected EUR to ‘consolidate within a 1.2200/1.2280 range’ yesterday. However, it rose to a high of 1.2309 before retreating quickly. The underlying tone

GBP/USD Price Analysis: Consolidates losses below 1.3600

GBP/USD bounces off 50-bar SMA towards regaining 1.3600. Bearish MACD, sustained trading below previous support line favor sellers. The 1.3700 threshold can lure bulls during further corrective pullback. GBP/USD retraces the previous day’s heavy losses while picking up the bids near 1.3575-80 during

NZD/USD Price Analysis: Conflicting structure across the time frames, make or break time

NZD/USD is on the watchlist for both a bullish and bearish prospect, depending on daily and weekly support. A break of weekly support opens risk for a significant pullback. NZD/USD is trading on the backfoot due to dollar weakness and volatility on Wallstreet. However, the pair could be in for an ex

Oil slides with U.S. stocks as OPEC+ delays output decision

NEW YORK (Reuters) -Oil prices slipped from multi-month highs in volatile trade on Monday as U.S. stocks fell near 2% on concerns over the outcome of runoff elections in Georgia. The oil market pared earlier losses after the Organization of the Petroleum Exporting Countries (OPEC) and allies, known

USD/TRY: Neutral while below 8.0287/0530 – Commerzbank

Analysts at Commerzbank, consider the USD/TRY pair is set to oscillate further around the 200-day moving average at 7.3169, stabilizing in the short-term Key Quotes: “USD/TRY’s recent decline has taken it to the 200 day moving average at 7.3169 around which we expect the currency pair to now short-t

GBP/USD targets February 2016 low at 1.3836 – Commerzbank

GBP/USD begins the new year on a positive note and nearing 1.37 – extending its gains after the UK is fully out of the EU, Axel Rudolph, Senior FICC Technical Analyst at Commerzbank, reports. Key quotes “GBP/USD continues to rise after Brexit and should shortly encounter the 1.3712 February 2018 low

Price of Gold Fundamental Weekly Forecast – Facing Stiff Competition from Other Investments

Gold futures closed about 25% higher last year with most of the gains occurring between March 16 and August 7 when the central banks and governments were still announcing and implementing aggressive monetary and fiscal stimulus plans. Since that top, however, gold has struggled as economies started

A bitcoin ETF could finally become a reality in 2021 after SEC filing from VanEck

FILE PHOTO: A bitcoin sign is seen during Riga Comm 2017 fair in Riga Reuters A bitcoin ETF could finally land on Wall Street in 2021 following a new application filed with the Securities and Exchange Commission this week by VanEck. Regulators have rejected numerous bitcoin ETF proposals in the past

S&P 500 opens little changed at 3,730 on New Year's Eve

Wall Street's main indexes trade little changed on Thursday. US stock markets will close early on New Year's eve. S&P 500 Energy Index is down nearly 1%. Major equity indexes in the US started the day near Wednesday's closing level as trading volume remains thin on New Year's Eve. As of writing,

US: Weekly Initial Jobless Claims decline to 787K vs. 833K expected

Weekly Initial Jobless Claims in the US fell by 19,000 last week. US Dollar Index continues to move sideways near 89.60. There were 787,000 initial claims for unemployment benefits in the US during the week ending December 26, the data published by the US Department of Labor (DOL) revealed on Thursd

GBP/USD: Poised to reclaim the 1.3700 level

The UK Parliament approved the Brexit deal and pushed the GBP/USD pair to fresh 32-month tops. The cable now seems to have stabilized just above the 1.3600 mark and is more likely to consolidate in a range amid typical year-end thin trading volumes as bulls turn cautious amid further COVID-19 restri

China stocks climb; set for yearly gains on economic recovery, policy support

* SSEC +0.8%, CSI300 +0.9%, HSI +0.4%* HK->Shanghai Connect daily quota used 2.6%, Shanghai->HK daily quota used 5.8% * FTSE China A50 +0.9% SHANGHAI, Dec 31 (Reuters) - China stocks climbed on the last trading day of 2020, as investors cheered a Sino-Europe investment deal and Beijing’s conti

AS: Defisit Perdagangan Melebar Ke $84,8 Miliar Di November

Defisit perdagangan AS terus melebar di bulan November.Indeks Dolar AS tetap merah di dekat 89,70. Defisit barang dan jasa Amerika Serikat naik $4,4 miliar menjadi $84,8 miliar pada bulan November, menurut data yang diterbitkan bersama oleh Biro Sensus AS dan Biro Analisis Ekonomi AS pada hari

BTCUSD Strong Pullback

Bitcoin has staged a strong technical pullback after the number one cryptocurrency hit a new all-time high, around the $28,600 level, earlier this morning. Technical analysis shows that the $30,000 level is the main resistance area to watch above $28,600. To the downside, bears need to hold the BTCU

Pull-up Update