EUR-USD edged out a five-day low at 1.1829, extending the retreat from yesterday's 1.1901 six-day peak. Expectations for the Fed to present upward revisions to U.S. economic projections at the conclusion of the FOMC meeting today, along with recent signs that the ECB is concerned about the euro, or
Daily Pivots: (S1) 123.58; (P) 124.30; (R1) 124.75;
EUR/JPY’s fall continues to as low as 123..31 so far today. With a head and shoulder top formed, decline from 127.07 should be correcting the whole rise from 114.42. Intraday bias stays on the downside for 38.2% retracement of 114.42 to 127.07 at 1
The bias from previous post may change, however patience is the key for this trade. As a lower high was formed we need to see Daily resistence broken, and wait for the retest for entry. It may reverse at resistence with bullish engulfing confirmation and continue to respect
FBS welcomes a list of new currency pairs for clients from the European Economic Area countries. The feedback from FBS clientele states that the local currencies are of high importance for traders from different European countries.
To make trading more convenient for the clients, FBS en
Daily Pivots: (S1) 1.0764; (P) 1.0771; (R1) 1.0785;
Range trading continues in EUR/CHF and intraday bias remains neutral first. Further rise expected as long as 1.0721 support holds. On the upside, break of 1.0877 will resume the rebound from 1.0602 and target at test on 1.0915 high. On the downside
The Indonesia stock market on Friday ended the two-day losing streak in which it had plummeted more than 350 points or 7 percent. The Jakarta Composite Index now sits just above the 5,015-point plateau and it may add to its winnings on Monday.
The global forecast for the Asian markets is fairly flat
ECB left all the monetary policy measures unchanged in September. The staff upgraded the near-term growth outlook, as well as core inflation forecasts for 2021 and 2022, suggesting the central bank’s optimism over the recovery. Policymakers continued to stress that risks to growth remain skewed to t
The United States' federal budget deficit rose above $3 trillion for the first eleven months of fiscal 2020 amid the massive increase in government spending to counter the negative impact of the coronavirus outbreak, the data published by the US Treasury Department showed on Friday. During the same
Photo: eToro logo displayed on advertising board at St James' Park (Source: Chronicle Live)
Social investing platform eToro has just published an update saying that everything is fully operational and apologized for clients who experienced issues with opening positions over the past three days. Th
The South Korea stock market on Friday snapped the three-day winning streak in which it had spiked almost 70 points or 3 percent. The KOSPI now rests just beneath the 2,370-point plateau and it may extend its losses on Monday.
The global forecast continues to be soft, with continued profit taking ex
Gold investors were treated to some excellent news on Monday, as gold climbed to an all-time high. In the Asian session, gold hit a high of USD1944.71, breezing past the previous record of USD1921.18, which had stood all the way since 2011.
Gold is a traditional safe-haven asset, and there a slew of