The NASDAQ 100 broke down a bit Tuesday to reach the 50-day EMA.The 50-day EMA sits just a bit above the 12,000 level, and I think there’s a lot of interest in that area.Even if we break...
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Eurozone June M3 money supply +5.7% vs +5.4% y/y expected
Prior +5.6%; revised to +5.8% Broad money in the euro area continues to hold at a steady pace even as the ECB pulls back on bond buying. There is little to extrapolate from the...
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The ruble fell at the start of trading in anticipation of the results of the Fed
The US dollar and the euro are rising on the Moscow Exchange on Wednesday morning, while the euro has updated a two-week high, rising above 62 rubles for the first time since July 11....
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GBP/USD Forecast: Squeezing Higher
The GBP/USD currency pair initially dipped Monday to break below the 1.20 level, only to turn around and show signs of life again.At this point, the market is likely to continue to try to go higher,...
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Eurostoxx futures -0.1% in early European trading
German DAX futures -0.1% UK FTSE futures +0.1% Stock futures are not hinting at much ahead of the European open, though US futures are holding slightly lower on the day so far. S&P 500...
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XRP/USD: As a Sentiment Indicator Ripple Sounds a Loud Alarm
XRP/USD is traversing important near term lows as this morning; this after the cryptocurrency has not been able to break through persistent resistance. XRP/USD is trading near 34 and half cents as of this...
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BOJ’s Takata: BOJ able to keep easy monetary policy but there are challenges
Dwindling bank margins, impact on market function are among the challenges Yield curve control has various impact on the economy and prices Need to take those into account as well when managing policy Current...
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Severe heat destroys Europe’s overburdened power grid
Record high temperatures demand fuel as nuclear, hydro and coal power generation decline Heatwaves in Europe are putting additional strain on the continent’s energy system, putting upward pressure on electricity prices and raising the...
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Automatic conversion of DR in Russian depositories starts on August 15
Moscow. 22 July. INTERFAX.RU – Automatic conversion of depository receipts into shares of Russian issuers, which are accounted for in Russian depositories, will begin on August 15, the Central Bank of the Russian Federation announced. On...
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GBP/USD Forecast: The British Pound Has a Sideways Day
The GBP/USD currency pair has gone back and forth during the trading session on Thursday as we continue to see the 1.20 level offer quite a bit of resistance. By doing so, the market looks as if...
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