S&P 500 Supported by Real Estate, Nikkei 225 Eyes Falling Triangle Chart Pattern
The S&P 500 ended flat, supported by the real estate sector after a soft ADP jobs report sent investors into tech stocks. The Nikkei 225 is eyeing a Descending Triangle chart pattern.
British Pound Technical Analysis: GBP/CHF, GBP/AUD, GBP/CAD, GBP/NZD
The British Pound has been mixed in 2021 against it’s G10 peers. Here are technical setups for GBP/CHF, GBP/AUD, GBP/CAD, GBP/NZD.
AUD/USD Path Brightens on Trendline Break Ahead of Trade Data
The Australian Dollar eclipsed a key level overnight as US stocks gained. Australia's trade balance report for July will cross the wires, which will provide key data to help gauge the country's eco...
Nasdaq 100 Starts the Month with Bullish Bias & Ekes Out Record Close. Now What?
Nasdaq 100 starts the month with a positive bias and sets record closing high on the back of low U.S. Treasury yields, but downside risks continue to build in the near term.
Oil Price Rebound Emerges as OPEC Keeps Crude Production Steady
Current market conditions may keep the price of oil afloat as OPEC remains reluctant to push production towards pre-pandemic levels.
Nasdaq Flies to Record High with S&P500 Poised to do the Same, FTSE up
The Nasdaq was fastest out of the gates this morning posting a new all-time high with the S&P looking to do the same. FTSE up despite dropping from the daily high
Gold Price Forecast: Gold Grinds Support as NFP Looms - XAU Levels
Gold price action has quieted to a veritable crawl, but that looks to be in anticipation of Non-farm Payrolls later this week. Can bulls strike another high for Gold?
EUR/USD Stages Four Day Rally as ECB Adopts Hawkish Tone Ahead of NFP
EUR/USD stages a four-day rally as recent remarks from ECB Vice-President Guindos indicate a looming shift in the forward guidance for monetary policy.
US Dollar Stuck to the Lows as Employment Contraction Offsets ISM Beat
ISM Manufacturing Beat Fails to Lift USD as Employment Component Contracts
EUR/USD Breaking News: Uneventful European PMI and Unemployment Data
EUR/USD is making gains on the back off yesterday’s inflation data despite flat PMI and unemployment stats today. Hawkish ECB officials are creating a stir as they call for a reduced PEPP purchases.