S&P 500 Futures remain on the back foot around an eight day low.
Markets fear further escalation in the Sino-American tension, divert funds to cheer the US dollar gains from 28-month low.
US NFP, stimulus headlines will join other risk catalysts to entertain momentum traders.
S&P 500 Future
U.S Treasury yields have climbed over Tuesday, with a variety of events triggering higher demand. 10-year treasuries rose to 0.657% while 2-year notes reached 0.159%, and 30-year yields surged to 1.347%, marking the highest yields seen since July this year. A number of influences have
S&P 500 Index Technical Analysis Elliott Wave Investing and Day Trading SPX S&P 500 Elliott Wave : Wave iv of (v) of v) of 3
Trading Levels: Looking for support at 3300 Minor Level
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In an exclusive interview with Xinhua News Agency on Wednesday, Martin Raiser, World Bank Country Director for China, said that the country’s economic recovery bettered expectations in the second quarter (Q2), in light of the coronavirus pandemic.
"It is indeed higher than what we had pro
Gold bulls take a breather, eye best week in three months.
US dollar break down, US-China woes bode well for gold.
Technical set up favors the bulls, with US PMIs in focus.
Gold (XAU/USD) continued its five-day surge and refreshed nine-year high at $1898.44 on Thursday. The key theme for the rel
USD/CAD struggles with recovery along with the US dollar.
US stimulus woes outweigh the decline in WTI.
Canadian CPI and US data eyed amid surging virus cases.
USD/CAD trade sideways in a narrow range around 1.3450, consolidating the previous decline to seven-week lows of 1.3422.
The bulls are s
EUR/USD's 100-hour SMA restricted losses during the overnight trade.
A break above 1.144 is needed to weaken the immediate bearish case.
EUR/USD has bounced up from the ascending 100-hour simple moving average (SMA) support. But the bulls are not out of the woods yet.
The sellers failed to estab
I have drawn an easy to understand technical chart of the S&P500 , highlighting the major support and resistance areas from December to July, using a daily chart (each bar is 1 day of trading on the S&P500 ). Notice on the left side of the chart all supports levels that broke
USD/IDR tracks the US dollar strength amid risk-off
Upbeat Fitch report on Indonesia underpins the rupiah.
Coronavirus stats and US PPI eyed in the day ahead.
USD/IDR is of the daily highs but remains strongly bid near 14,450 levels, mainly helped by the persistent strength in the US dollar across
NZD/USD keeps the bounce off 0.6408 while ignoring downside Total Filled Jobs for May.
The risk-off mood continues to exert downside pressure on the Antipodeans.
Virus woes firing on all cylinders while trade wars and geopolitical tension also weigh on the market sentiment.
NZD/USD stays depressed
USD/CHF recoveries from 0.9482 fail to defy one-week-old chart formation.
Another falling trend line from May 27 adds to the upside barriers.
0.9430/35 can question sellers on the triangle’s downside break.
USD/CHF drops to 0.9510, down 0.05% on a day, during the early Friday. The pair’s latest fal
Sterling drops notably today after BoE announced to expand the asset purchase program as widely expected. Australian Dollar is currently following as second weakest, then New Zealand Dollar. Markets are in slight risk-off mode today, as European indices are trading in slight red. Yen and Dollar ride
China will on Wednesday release May figures for consumer and producer prices, highlighting a busy day for Asia-Pacific economic activity.
Consumer prices are predicted to fall 0.5 percent on month and rise 2.7 percent on year following the 0.9 percent monthly drop and the 3.3 percent yearly gain in
Euro strengthens again after ECB announced expansion of its crisis asset purchase program PEPP. Euro is also taking Swiss Franc mildly higher too. On the other hand, Sterling is the weakest one as pressured by the selloff against Euro. Canadian Dollar is following as the second weakest for the momen