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Markets
Australian Dollar holds losses as US Dollar gains on US shutdown ending nears
The Australian Dollar (AUD) declines against the US Dollar (USD) on Tuesday after two days of gains. The AUD/USD pair weakens as the US Dollar (USD) receives support from growing…
Japanese Yen dips on BoJ rate hike doubts and US shutdown optimism
The Japanese Yen (JPY) drifts lower for the third consecutive day on Tuesday and touches a fresh multi-month low against its American counterpart during the Asian session. On…
PBOC sets USD/CNY reference rate at 7.0866 vs. 7.0856 previous
On Tuesday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.0866 compared to the previous day's fix of 7.0856 and 7.1204 Reuters…
GBP/USD holding just below 1.32 as UK labor data rounds the corner
GBP/USD kept its foot on the gas pedal on Monday, extending into a four-day win streak as Cable traders gear up for the latest round of UK employment figures. Veterans Day will see…
Japanese Yen weakens to near 154.00 amid hopes for end to US shutdown
The USD/JPY pair attracts some buyers to near 154.10 during the early Asian session on Tuesday. The US Dollar (USD) strengthens against the Japanese Yen (JPY) as hopes grow for a…
EUR/USD steady amid US shutdown deal speculation and cautious ECB tone
EUR/USD holds firm at around 1.1550 on Monday, virtually unchanged as the Greenback trims some of its earlier losses amid news that the White House backs a deal to end the US…
Did last week’s decline threaten the path to 7120 for the SP500? Here’s what the Elliott Wave shows
We have been anticipating and tracking the SP500 (SPX) to reach 7120 for some time, and last week’s decline appeared to throw a wrench in that wheel. However, as the stock market,…
Dow Jones rebounds as investors hope for government shutdown solution
The Dow Jones Industrial Average (DJIA) steadied its grip on Monday, starting the new trading week holding near the 47,000 major handle and lifting around 370 points. Equity…
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UK jobs report and the weekly ADP figures take centre stage
The US Dollar (USD) traded without clear direction on Monday, as hopes grew for a potential deal to end the 40-day federal government shutdown in the coming days. With that in…