Yen Time Cycle, Yen Index, AUD/JPY, EUR/JPY – Talking Points. The yen is poised to extend its recent decline after breaking below 6-year trend support. AUD/JPY is focused on multi-year highs after breaking out of an ascending triangle consolidation...
Chart created with TradingView Oil Talking Points The price of oil pulls back from a fresh monthly high ($43.78) even though US Crude Inventories contract for six consecutive weeks, and energy prices may continue to consolidate over the coming days...
On August 28, 2020, contracts worth $80 million expire, accompanied by a 3.29% change in Ethereum’s price on the spot exchange. Typically, major expiration events like these affect the price of Ethereum as they bring about changes in liquidity, ope...
Wall Street is still weighing the implications of the Fed’s most substantial shift in its monetary policy thinking in years. In essence, Federal Reserve Chairman Jerome Powell on Thursday stressed the primacy of the labor market in its mission, eve...
As another month draws to a close, it is important to note that the end of the month is generally associated with the expiration of bitcoin derivative products. The futures and options market has noted great interest from traders, with nearly 66,40...
Reuters. Pictured is a Gap Inc. retail store in La Jolla. By Nivedita Balu (Reuters) – Apparel retailer Gap Inc (N:) posted an unexpected 13 percent rise in quarterly comparable sales on Thursday as consumers stranded at home by the COVID-19 outbre...
S&P 500 futures recorded a modest gain after a six-day winning streak, reaching as high as 3,498.12. Fed Chairman Powell’s AIT move was well appreciated and hopes for US stimulus added to the market’s optimism. Viral woes, a US-China tug-of-war...
Overview of U.S. Durable Goods Orders Wednesday’s U.S. economic agenda focuses on the release of July’s durable goods orders data. The U.S. Census Bureau will release its monthly report at 12:30 p.m. CST. The report is expected to report a 4.3% inc...
ZAR Price Action Talking Points. South African rand continues to show strength with multiple macroeconomic tailwinds supportive USD/ZAR Approaching the 200-day moving average after falling below 17.0000 Possible bullish cross looming for GBP/ZAR EU...
Signs of increased volatility are emerging as the closing time of the monthly Bitcoin (BTC) candle approaches. With the much-anticipated Chicago Mercantile Exchange futures contract and Deribit options expiration just four days away, the near-term...
