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Big things expected from Janet Yellen [Video]
It looks like the market is wanting to get back to business as usual, with stocks back on the bid and the US Dollar once again under pressure. We’ll also get a fuller session today with the US back from the MLK Day break.
EUR/USD Forecast: How Yellen can turn the dead cat bounce into a roaring rally
EUR/USD has clawed its way up from the one-month lows amid a better market mood. All eyes are on the testimony from Janet Yellen, in her confirmation hearings for Treasury Secretary. Tuesday's four-hour chart is showing bears are in control. Whoever did not want Yellen at the Fed, will get her as Tr
Yellen is expected to advocate further stimulus measures to support the restart of the economy
Markets With US markets closed in observance of the Martin Luther King Jr Holiday, trading took a slow start of the week. Asian equity indices finished mixed with China outperforming in the wake of better-than-expected Q4 GDP data. After opening in the red, a protracted and gradual bottoming out pro
US: Yellen to avoid comments on the US dollar – Rabobank
On Tuesday, Former Federal Reserve Chair Janet Yellen testifies in Congress as part of her confirmation hearings for Treasury Secretary. The market is of the view that Yellen will revert to traditional language on policy which is likely to mean more measured comments on policy and very little direct
When is the German ZEW survey and how could it affect EUR/USD?
German ZEW Survey Overview The ZEW will release its German Economic Sentiment Index and the Current Situation Index at 1000 GMT in the EU session later today, reflecting institutional investors’ opinions for the next six months. The headline Economic Sentiment Index is expected to rise to 60.0 in Ja
AUD/USD to still find buyers on pullback dips – DBS Bank
AUD/USD is slowing down from its first tease of 0.7813, April 2018’s peak. Market awaits the policy meeting of the Reserve Bank of Australia (RBA) on February 2 for clarity, as macro assumptions outlined at last November’s Statement of Monetary Policy look jaded and needs refreshing. Reflationary tr
USD/JPY climbs to three-day tops, looking to build on momentum beyond 104.00 mark
USD/JPY regained positive traction on Tuesday and jumped back above the 104.00 mark. The risk-on mood undermined the safe-haven JPY and was seen driving the pair higher. Rallying US bond yields helped offset a modest USD downtick and remained supportive. The USD/JPY pair held on to its strong intrad
Forex Today: Dollar retreats from highs ahead of Yellen's testimony, vaccine/virus news eyed
Here is what you need to know on Tuesday, January 19: The US dollar is paring its gains as US traders return from a long weekend, pushing stock futures higher. Treasury Secretary nominee Yellen testifies later, setting the case for fiscal stimulus. Coronavirus continues raging with Germany consideri
New Zealand dollar rises after strong retail sales data
US futures turned positive in the overnight session ahead of key corporate earnings. Later today, companies like Bank of America, Goldman Sachs, and Charles Schwab will deliver their fourth-quarter earnings. In general, analysts expect the numbers to be relatively strong. They also expect forward gu
Political uncertainty in Italy as well as supply of long – Dated bonds driving the European market
Market movers today Another quiet day in terms of economic data releases with German ZEW survey data for January at 11:00 CET being the highlight of the day. Italian PM Conte won the first vote of confidence yesterday in the Italian parliament's lower house. Today, he is facing a second vote of conf
AUD/USD clings to gains near session tops, above 0.7700 mark
AUD/USD regained positive traction on Tuesday and snapped two days of the losing streak. The underlying bullish sentiment weighed on the safe-haven USD and remained supportive. Rallying US bond yields might help limit the USD downside and cap the upside for the major. The AUD/USD pair edged higher t
US Dollar Index looks side-lined near 90.70
DXY trades in a consolidative fashion in the 90.70 area. Activity in US markets resumes following the MLK Day holiday. November’s TIC Flows will be the only release in the US docket. The greenback, when tracked by the US Dollar Index (DXY), appears to have moved into a consolidative range around the
Gold Price Analysis: XAU/USD challenges 200-DMA on the road to recovery, Yellen eyed
Gold remains capped below 200-DMA while awaiting Yellen. Bearish prospects are intact as RSI trades below the 50 level. XAU/USD trades below all major averages on the 1D chart. Gold (XAU/USD) is struggling to extend Monday’s impressive bounce from seven-week lows of $1803, as the 200-daily moving av
GBP/USD Outlook: Move beyond 1.3700 needed for any further bullish extension
A combination of factors prompted some selling around GBP/USD on Monday. COVID-19 jitters continued underpinning demand for the safe-haven greenback. The sterling was weighed down by the imposition of fresh restrictions in the UK. The GBP/USD pair extended the previous session's retracement slide fr
Tesla (TSLA) analysis elliott wave [Video]
TESLA [TSLA] Technical Analysis Elliott Wave Overview: A small wave four bullish correction unfolding above 800, once completed a move higher to 900 - 1000 Elliott Wave Wave iii) of 5 of (3) Tesla trading strategy: hold long to 1000
Pull-up Update
