The technology shares are leading the charge in what has been a day of muted but bullish trading on the S&P 500 index. Strong gains on the tech stocks come ahead of earnings reports from Apple, Microsoft, Netflix and Tesla this week. Investors are also looking forward to the FOMC […]
Hopes that have been driven by US stimulus remain the main factor supporting crude oil price on the Brent benchmark. However, crude oil price is now facing significant headwinds. So far, vaccine rollouts are yet to stem the tide of the coronavirus outbreak, with further lockdowns in Beijing and Europe […]
Monero price is crawling back after it dropped by more than 26% in the past few days. The XMR price is trading at $140, which is slightly higher than last week’s low of $123. Other cryptocurrencies have also risen, bringing the total market cap to more than $987 billion. Good […]
IAG and Rolls-Royce Share prices are down by more than 5% today becoming the worst-performers in the FTSE 100. The two stocks are trading at 141p and 97p, respectively. Other travel stocks like the Intercontinental Hotels and Whitbread are also struggling. RR and IAG shares What happened: IAG and Rolls-Royce […]
The technology shares are leading the charge in what has been a day of muted but bullish trading on the S&P 500 index. Strong gains on the tech stocks come ahead of earnings reports from Apple, Microsoft, Netflix and Tesla this week. Investors are also looking forward to the FOMC […]
Hopes that have been driven by US stimulus remain the main factor supporting crude oil price on the Brent benchmark. However, crude oil price is now facing significant headwinds. So far, vaccine rollouts are yet to stem the tide of the coronavirus outbreak, with further lockdowns in Beijing and Europe […]
The GBPUSD pair is trading higher today, but near-term longs appear capped even as the latest CFTC positioning data indicate that the Pound saw an increase in net long positions to pre-pandemic levels. However, this rise in speculative longs on the Pound may be a function of USD weakness rather […]
The DXY has begun the week on a flat note as it continues to hold above 90.0. Most USD-denominated assets are mixed today. With no major fundamentals scheduled until Wednesday’s FOMC decision, USD sentiment remains the determinant of the USD Index’s direction. At this time, the US Dollar Index starts […]
The AUD/USD pair continues to hover around the highs. At this point, 0.78 is key to further advance, as the pair may have formed either a bullish flag, or a double top at the level. The new trading week started on the same note as the previous one ended – […]
The Dow Jones index remains close to all-time highs as investors keep bidding for the equity market. As such, shorting the index here represents a contrarian view and should be avoided unless the index breaks the neckline of the bearish pattern. Otherwise, the risk is that the market will keep […]
Monero price is crawling back after it dropped by more than 26% in the past few days. The XMR price is trading at $140, which is slightly higher than last week’s low of $123. Other cryptocurrencies have also risen, bringing the total market cap to more than $987 billion. Good […]
The USDZAR is posting a 2nd day of gains, as bullish sentiment on the South African Rand disappears as a result of an impending US travel ban. Reuters is quoting Dr. Anne Schuchat, a senior US Public Health official as saying that US President Joe Biden could announce a travel […]
The Turkish Lira has gained a modest 0.1% in its pairing with the US Dollar, after data released late Friday showed that Turkish Manufacturing Confidence grew from 106.8 in December 2020 to 107 in January 2021. This allowed the USDTRY to extend its downside slightly, following the bearish move that […]
IAG and Rolls-Royce Share prices are down by more than 5% today becoming the worst-performers in the FTSE 100. The two stocks are trading at 141p and 97p, respectively. Other travel stocks like the Intercontinental Hotels and Whitbread are also struggling. RR and IAG shares What happened: IAG and Rolls-Royce […]
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