Latest Market News
EURUSD, “Euro vs US Dollar” EURUSD has reached the correctional target at 1.0982. Today, the pair may consolidate above this level. Later, the market may break this level and form one more ascending wave with the short-term target at 1.1141. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is still consolidating around 1.3136. Possibly, today […]
Metals Weaken As Risk Sentiment ReboundsMetals prices have been seen lightly bid at the start of the week, though still down sharply off recent highs. Gold prices are currently down around 7.2% from the multi-year highs printed earlier in the month. Risk sentiment has rebounded firmly over the last fortnight as markets begin, cautiously, to […]
Type: Bearish DipKey Levels:Resistance: 2583Pivot: 2548Support: 2492Preferred Case:We see the potential for bullish continuation from our Pivot level at 2548 in line 38.2% Fibonacci retracement towards our 1st Support at 2492 in line 61.8% Fibonacci retracement. Our bearish bias is further supported by price trading below the Ichimoku cloud indicator.Alternative Scenario:If price continues to go […]
Boeing Co. is dragging down the Dow Jones Industrial Average Monday morning, with its shares tumbling after a Boeing 737 jet operated by a Chinese airline reportedly crashed. Shares of Boeing BA, -3.59%, the Dow’s biggest loser in Monday morning trading, are down around 5%, according to FactSet data. Chinese state media broadcaster CCTV said […]
The Boeing Co. shares BA, -3.59% fell 4.8% Monday, after a Chinese airline with 133 people on board crashed in the southern province of Guangxi. Chinese broadcaster CCTV said the accident involved a China Eastern Airlines Boeing and occurred near the city of Wuzhou in Teng county, the Associated Press reported. There was no immediate […]
President Joe Biden on Monday offered a fresh warning about Russia’s government possibly launching cyberattacks. “I have previously warned about the potential that Russia could conduct malicious cyber activity against the United States, including as a response to the unprecedented economic costs we’ve imposed on Russia alongside our allies and partners,” Biden said in a […]