News

EURUSD plummeted to its 20-year lows amid global risk aversion. The major currency pair quickly plunged on Wednesday. The current quote for the instrument is 1.0263. The last time the EUR hit this level was in December 2002. What happened? Nothing new, actually. Investors are once again worrying about the recession and really started to […]

EURUSD, “Euro vs US Dollar” After breaking the consolidation range downwards, completing the descending wave at 1.0300, and then forming a new consolidation range around the latter level, EURUSD has broken it to the downside as well and may continue falling with the target at 1.0220 or even extend this structure down to 1.0000. Later, […]

Yields fall to a five-week low ahead of the Fed meeting minutes. Benchmark Treasury yields in the United States fell to five-week lows on Wednesday, as inversions in key parts of the yield curve deepened ahead of the release of minutes from the Federal Reserve’s June 14-15 meeting. Yields rose in the run-up to the […]

Amazon Shares ReboundingAmazon shares are turning higher today with the company’s stock price once again attempting to break out above the bear channel from YTD highs. The move comes amidst news that Amazon has agreed to take a 2% stake in US food-delivery service Grubhub. As part of the deal, Amazon prime users in the […]

CADJPY on WatchPrice action in CADJPY is starting to looking interesting here to the short-side. The pair has been trending steadily higher this year. However, over the last month, we are starting to see signs that the pair might be topping out. Currently, the pair is at risk of putting in a double top (with […]

Oil futures declined for a second session on Wednesday, with U.S. prices settling in a bear market – defined by a 20% or more decline from a recent high. Ongoing worries over a recession that could lead to a slowdown in energy demand have pressured prices for oil. West Texas Intermediate crude for August delivery […]