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Today, we are seeing positive risk-appetite. US stock indices are up after a brief dip early in the US session. We are also seeing JPY weakness across the board, which is a sign of risk-on trading. Let’s take a look at the EUR/JPY, and GBP/JPY and CAD/JPY...
Biotech stock Therapeutics MD (TXMD) was up 32.5% on Tuesday, lifted by brokerage house FBR Capital initiating coverage with an incredible $34 price target. Based on TXMD’s Tuesday closing price of $5.47, the FBR price target would mean a 600% return...
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USD/JPY Technical Strategy: Pending Long Haramidelivers declines, putting key support in focus Range between 101.20 and 102.77 remains in play USD/JPY has extended recent declines on the on the back of a Harami pattern on the daily which suggested the bears were looking to take control of prices...
Consumer prices in China were up 2.3 percent on year in June, the National Bureau of Statistics said on Wednesday. That was shy of forecasts for 2.4 percent, and it was down from 2.5 percent in May. Individually, food prices jumped an annual 3.7 percent in June, while non-food prices gained 1...
If gold and gold miners were celebrities it would be time for them to look for a new PR team. Despite outperforming stocks in 2014 the group still carries the taint of the bubble that burst in 2012...
It’s July earning season and stock rotation time, do you have a plan? This period of time in the market always brings rotation from 2nd quarter leaders to new 3rd quarter leaders. The 4th of July light holiday week trading tends to have an upside bias...
The ruble grew by the fastest pace in two weeks after exporters rushed to benefit from the dollar’s three-day advance against the ruble to convert revenue earned from offshore operations. The ruble grew 0.6 percent to trade at 34.2345 per dollar as of 6 p.m. close in Moscow...
The euro fell to more than one-week lows against the dollar on Friday, one day after a robust U.S. employment report for June eased concerns over the outlook for the economic recovery. EUR/USD ended Friday’s session at 1.3594, down 0.35% for the week. The pair is likely to find support at 1...
Although China's economic growth has risen in the second quarter from the previous three months, further careful government support measures will still be needed. Business collaboration with Europe and tactful government measures contributed to prosperity of the world's second largest economy...
EUR/USD nearing important support zone Important cycle turn window in Crude Defining week for AUD/USD? Foreign Exchange Price & Time at a Glance: Price & Time Analysis: EUR/USD...
EUR/USD Technical Strategy: Pending Short Support: 1.3583, 1.3502-12, 1.3454 Resistance:1.3653, 1.3689, 1.3747 The Euro fell against the US Dollar as expected after the pair produced a bearish Evening Star candlestick pattern below the 1.37 figure. A daily close below support is at 1.3583, the 23...
With so many stocks to look at, many traders resort to scans and filters to help whittle down their selection to a select group which meets their specific criteria...
Australia's consumer confidence increased in July after a tumble in the previous months but remained weaker than average, results of a survey by Westpac showed Wednesday. The Westpac Melbourne Institute Index of Consumer Sentiment rose 1.9 percent on month to 94.9 in July from 93.2 in June...
Targeting X amount of pips per day is unrealistic. We should instead focus on diligently following our strategy. Trading with an edge using limited leverage should yield a profit over time...
On H1 was closed channel that defined corrective movement upwards. It was closed as a simple channel...
American regulators imposed a substantial penalty upon France's largest bank BNP Paribas for doing business with Cuba, Iran and Sudan. The present case showed that crippling a European bank could harm the world’s financial system, as well as a region struggling for growth...
Forex is a subject that is gaining a lot of popularity today. If you want to start becoming as successful as a lot of other people are through forex, then search no further. The key to being successful with forex is to always learn as much as you can...
The pound was close to its highest in almost six-years against the dollar on Friday, as expectations for a rate hike by the Bank of England this year continued to underpin demand for sterling. GBP/USD was at 1.7158 late Friday, after touching highs of 1.7178 earlier, the most since October 2008...
