Core German data could bring more direction to the market
The nearest support level is at 1.1527
1635 is the closest resistance level
The EUR remains in a rather vulnerable position right now. Yesterday, the EUR/USD traded in the region of 1.1550 in the run-up to the release of...
Buckingham Research Group believes that there’s more room for growth
Currently trading at 57 times expected earnings for 2020
CFRA disagrees with buy rating
Square Inc’s stock price has increased by another 5.5% since it issued its earnings report for Q2 2018 last week. The year-to-date increase now stands...
USD index now stands at 95.451
Emerging market currencies main losers
China suggests tariffs on $60bn of US imports
The USD strengthened further on Monday, following a trend that has now lasted for two weeks. Investors are clearly betting that the ongoing trade conflict and a robust US economy...
Currently trading at around $350
Tesla remains the most shorted stock in US
Some analysts believe it could reach $500
When Tesla stocks kicked off last week at well below $300, few traders or investors would have believed that it would now be approaching $350. Since then, the company...
Tesla reports 55% production increase in Q2
Net reservations stand at 420,000
Analysts disagree whether firm can sustain 5,000-per-week production target
The share price of Tesla Inc. increased by about 6% in pre-market trading yesterday. This followed the release of an update for the second quarter.
Although the electric car...
US Fed announcement largely ignored
US drastically increases tariffs on Chinese imports
Asian markets subsequently report sharp losses
The decision by the US Federal Reserve to keep rates unchanged has been ignored by forex markets to a large extent so far.
What caused Asian markets to plunge sharply on Thursday...
Investigation has been going on for five years
Maximum fine could be 10% of international turnover
Various other banks also being investigated on similar charges
The latest news from the Eurozone forex front is that European Union antitrust regulators have charged Credit Suisse with rigging foreign exchange rates, according...
USD weakens widely on Monday but strengthens against the JPY
BOE could increase interest rates this week
Fed not expected to announce rate increase
A brief look at the major currency pairs in the forex market shows that the best performer was the CHF, while the JPY ended at...
Asian stocks fall from Shanghai to Singapore
Australia’s ASX 200 also drops
Social media stocks suffer in the US
Stock markets in Asia dropped on Monday following a sharp drop in the American tech sector on Friday.
South Korea’s Kospi fell 0.1% to 2,293.92 and the Japanese Nikkei 225 dropped...
EUR/USD moves mainly sideways on Thursday
Currency pair unlikely to break out above 1.1850
There is nevertheless a small bias to the upside
From the Eurozone, the latest FX news is that the EUR/USD currency pair remains relatively neutral, although analysts widely expect it to trade in a higher...
