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(DAILY NOTION): Can XLM/USD Continue Marching Onwards? Next Mover: U.S. Georgia Senate Runoff Elections

Source: Yahoo Finance XLM/USD is experiencing a beautiful ascent in the early days of 2021. Over the past 24 hours alone, it has gained 40% after a big breakout above $0.16. At the time of writing, the price is at $0.2163. Current Relative Strength Index (RSI) is in overbought territory at 80. The w

REFILE-Australia job advertisements climb to 18-month high in Dec

(Refiling to remove “embargoed” from headline) SYDNEY, Jan 5 (Reuters) - Australian job advertisements jumped to an 18-month peak in December, recovering steep losses during the pandemic lockdown and auguring well for a continued rebound in employment in coming months. Tuesday’s figures from Austral

EUR/USD clinches fresh tops around 1.2300

EUR/USD remains firm and tests the 1.2300 yardstick. The selling bias around the greenback fuels the upside. German, EMU Manufacturing PMI remained robust in December. The upside momentum in the single currency remains well and sound at the beginning of the new year and pushes EUR/USD to fresh tops

Asian shares set to finish 2020 at record high after quiet trading day

Tradehay.com: 31/12/2020 - 08:16 HONG KONG (Reuters) -Asian shares edged up on Thursday and were set to end a tumultuous 2020 at record highs, after growing investor hopes for a global economic recovery caused the dollar to fall further against most major currencies. MSCI's gauge of Asia-Pacific sha

Futures muted in the last trading session of 2020

(Reuters) - U.S. stock index futures were muted in the last trading session of a tumultuous year on Thursday, as investors digested big market gains and hoped that more stimulus and coronavirus vaccines will drive a strong economic recovery in 2021. Wall Street’s main indexes surged to record highs

USD/JPY eyes the December low at 102.86

The USD/JPY pair trades around 103.05, down for the day as pressure on the greenback continues. The December low of 102.86 is in its sights, Valeria Bednarik, Chief Analyst at FXStreet, reports. Key quotes “The focus remains on coronavirus, amid news indicating resurgent contagions and deaths, but a

USD/CHF languishes close to annual lows in the 0.8820s

USD/CHF hit fresh annual lows during Wednesday’s Asia Pacific session under 0.8820 and has since remained pressured below 0.8850. The pair currently trades close to these lows, pressured by broad USD weakness. USD/CHF slumped to fresh annual lows beneath 0.8820 during Wednesday’s Asia Pacific sessio

Spotify Could Offer Profitable Pullback Play

Spotify Technology S.A. (SPOT) sold off in October after missing Q3 2020 top and bottom line estimates, booking a loss of €0.58 per share on 14.1% year-over-year revenue growth to €1.98 billion. Buyers returned in November in reaction to a host of initiatives that included the acquisition of a podca

USD/JPY Price Forecast – US Dollar Gets Hammered

The US dollar has gotten absolutely hammered against the Japanese yen, breaking below the ¥103 level in the middle of the session. Ultimately, this is a market that I think will eventually see an attempt to get down to the ¥102 level, where we have even more support. That being said, with the stimul

Swiss Franc Rises on Strong Swiss KOF

The Swiss franc has taken a pause from this week’s rally. Currently, USD/CHF is trading at 0.8847, up 0.08% on the day. USD/CHF is in positive territory this week, and dipped to a low of 0.8815 earlier on Wednesday. This marked the currency’s lowest level since May 2014. This news will not provide a

USD/CAD Selling Signals

The US Dollar has declined by 57 pips or 0.44% against the Canadian Dollar since yesterday’s trading session. The currency pair breached the 200– hour simple moving average on Tuesday. Everything being equal, bears could continue to pressure the USD/CAD exchange rate lower during the following tradi

Asian markets drift higher

Asia has a pre-New Year’s Eve look about it today, as an empty data calendar combined with an ever-present headline risk leaves the region's financial markets content to drift on the currents. Overnight, US equity markets retreated after Senate Republican Leader McConnell effectively blocked increas

Markets eye BoJ minutes, inflation

The Japanese yen is slightly lower in Tuesday trade. Currently, USD/JPY is trading at 103.66, up 0.31% on the day. BOJ says will review policy The Bank of Japan will be in the spotlight this week. The bank will release the minutes of its October policy meeting later on Tuesday (23:50 GMT). This will

China Stock Market May Take Further Damage On Wednesday

The China stock market on Tuesday snapped the two-day winning streak in which it had climbed almost 35 points or 1 percent. The Shanghai Composite Index now rests just shy of the 3,380-point plateau and it's tipped to open under pressure again on Wednesday. The global forecast for the Asian markets

Pull-up Update