USD/TRY reaches new highs
Best performer was CHF
USD also strengthens against EUR, NZD and AUD
The focus in forex markets on 14 August was mainly currency pairs such as USD/TRY, where the lira continued to be punished. In fact, the USD/TRY rate has broken above 7,000 for the...
US stock markets return to positive territory
Nasdaq reaches a record high
EC cuts economic growth forecast for 2018
US stock markets returned to positive ground on Thursday after a losing streak earlier in the week.
The Nasdaq hit a record high after gaining 1.2%. The S&P 500 ended 0.8%...
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...
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...
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...
Share price surges 21% in one day
Market cap increases by $1.2bn
CFO Louden believes Roku has excellent long-term potential
Experienced traders have long known that a strong earnings report can send a firm’s stock price through the roof overnight.
In the case of Roku, it appears the market is...
Options traders betting on another 9% drop in share price
Total revenue could drop to $5.32bn
Technical indicators pointing to more bad times ahead
Since reaching a high in January, McDonald’s Corp.’s stock price has dropped by well over 10%. Options traders are putting their money on the share...
Turkey announces punitive tariffs against many American products
Lira recovers to 5.85 against USD
US alcohol, automobiles and tobacco hit particularly hard
Turkey’s heavily punished currency, the lira, strengthened sharply yesterday morning after the Turkish government announced that it would impose significant tariffs against American products in retaliation for...
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...
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...
