Latest Market News
The U.S. dollar index (DXY) turned down from its 20-year high on April 29 but that has not changed the bearish price action seen in Bitcoin (BTC) and the U.S. equity markets. Equities remain under pressure and this week, Amazon stock saw its biggest intraday drop since 2014 after uncertainty over the U.S. Federal Reserve’s tightening measures […]
Cowen Inc. COWN, -0.44% rose 5.8% on Friday after the investment bank and brokerage company said its first-quarter net income fell to $33.3 million, or $1.05 a share, from $145.8 million, or $4.34 a share in the year-ago quarter. Adjusted profit totaled $1.35 a share in the latest quarter. First-quarter revenue dropped to $364.1 million […]
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, the asset has formed a Harami reversal pattern close to the support area. At the moment, EURUSD is reversing in the form of a new correctional impulse. In this case, the upside correctional target may be at 1.0575. However, an alternative scenario […]
BRENT In the H4 chart, after breaking the 200-day Moving Average, Brent is trading above at above it to indicate a possible ascending tendency. In this case, the price is expected to test 2/8, break it, and then continue moving upwards to reach the resistance at 3/8. However, this scenario may no longer be valid […]
JPY Sees Heavy SellingAnother week comes to a close in financial markets, as we round the first third of the year. Once again, it’s been a very interesting week with plenty of big moves to note. In the FX space specifically, it seems that the main theme capturing attention this week has been the continued […]
CIBCFX FlowsUS$ kicked off the final trading day of April softer, we believe it is just pure profit taking into the long weekend.Its magic. No Japanese rhetoric yet the $YEN weakened for no apparent reason. Started the session at 130.95, the pair slowly declined to 130.365. Call it position adjustment ahead of weekend or month-end […]