USDJPY breakout imminnent as we near the US elections.
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Bitcoin Cash (BCH) Price Head & Shoulders Hints at More Downside
Bitcoin Cash (BCHUSD) price is down by almost 1% as investors continue reacting to the recent crypto rally. The price is trading at $270, which is slightly below last week’s high of $278. Other cryptocurrencies are mixed today, with Ethereum and EOS down by 0.65% and 1.35%. Bitcoin, on the […]
Dow Jones Futures Down 300 Points as SAP and Lockdowns Weigh
Stocks in Europe and the U.S. are lower on Monday with the Dow Jones industrial index off almost 300 points. A profit warning from SAP and further restrictions over the coronavirus are bringing a negative tone to stocks...
BP Share Price Tends to Rise After Earnings – Is it a Buy Today?
BP share price is under intense pressure today ahead of the third-quarter earnings. The shares are also falling because of the tumbling crude oil prices, stronger US dollar, and the overall weakness of the stock market. Its shares are trading at 203p, which is slightly higher than its 25-year low...
Gold Price Trades with a Weak Tone One Week Ahead of the U.S. Elections
Gold price fell below the $1,900, unable to keep a bullish bias. One week ahead of the all-important American elections, the price of gold faces tough resistance ahead. It formed a double top at $1,930 and now threatens to break from a triangle as a reversal pattern. The U.S. elections […]
GBPJPY: Bears are in Control as Market Counts Down to BOJ Meeting
Another GBPJPY rally fizzled out last week and the bears are looking to stamp their authority on the market. Thursday sees the latest Bank of Japan policy meeting, where traders will get an update on interest rate and monetary policy. Analysts expect the BOJ will hold rates steady at -0.1% […]
FTSE 100 Tests Key Support as Travel and Mining Stocks Tumble
The FTSE 100 index is down by 0.25% as investors react to the second-wave spreading in European countries. It is trading at £5845, which is substantially lower than the intraday low of £5827. Travel stocks tumble Travel-associated stocks are the worst-performers in the FTSE 100 index today as traders remain...
EURGBP Firm as Traders Await German IFO Numbers
DAX Index Crashes 2.60% as SAP Share Price Collapses by 20%
The DAX index is set to open lower today as investors react to the rising possibility of a double recession in Germany. Futures tied to the index are trading at €12,386, which is the lowest it has been since September 25. Germany Covid-19 cases continue rising The biggest concern for...
3 Reasons Why Bitcoin Price is On a Path to $15,000
Bitcoin price (BTCUSD) is up by 0.33% as investors remain optimistic about the digital currency. It is trading at $13,091, which is a few points below last week’s high of $13,363. Other digital currencies are also rising, with Ethereum, Tether, and Ripple trading at $406, $1.00, and $0.25. There are...
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