The US ISM Non-Manufacturing PMI data for July smashed expectations and bettered the previous number, and this was enough to send the S&P 500 index soaring on the day. The US ISM Non-Manufacturing PMI number came in at 58.1, which beat the market expectation of 55.0 and also exceeded the […]
GBPUSD regain today the positive momentum as the pressure to USD returns after politicians in Washington failed to reach an agreement and continue to negotiate on the new relief package that will support the US economy
The USD card is sharply lower on the day after a spike in crude oil prices was triggered by the massive bomb blast in Lebanon yesterday. Initially thought to be terrorism-related, it appears the bomb blast was an accidental occurrence from a large stockpile of ammonium nitrate in a government […]
Dow Jones futures adds over 0.50% at 26,849 but is off the daily highs after the private payrolls as reported by ADP increased by 167k in July below the consensus estimates of one million.
Bitcoin (BTCUSD) may have been late to the party compared with gold prices and the Nasdaq 100, but its price reached a new 2020-high last week. In fact, the price managed to breach a multi-year triangle pattern, with an objective of $20,220, so the bulls had a lot to cheer. […]
Private sector jobs melt away in the US as the resurgence of the coronavirus starts to take its toll. Sign up to find out how the USD Index responded to the ADP employment data.
RBS share rebound from multi-year lows halted today as the earnings report disappointed investors. NatWest reported income of 3.8 billion in the first half of 2020, a drop of 3.75% from 2019
Disney smashing EPS and its share price is poised to break higher
EURUSD trades higher for the second straight day as the correction from two-year highs was short-lived. Euro is higher today against the greenback despite worse than expected services PMI
The GBPCHF cross pair failed to consistently break the pivotal 1.20. After months-long consolidating just below the level, it gave it a try at the end of last month. It failed. However, it keeps a close eye on it and, judging by the price action, it looks poised to try […]