Forex

USDJPY

Does the pullback in the USDJPY have legs?

The US dollar has retreated against its major trading pairs over the past two weeks, but notably, the USDJPY has seen one of the most interesting pullbacks. The 2-week weakening streak may continue as the sentiment from the previous FOMC...

Volatile opportunities in the DXY this week

USDCHF nt

Moving Average and Fibonacci exposing key levels in the USDCHF

The USDCHF pair has been swinging from bullish to bearish from a weekly perspective on this pair. It has established strong resistances at 1.00571 to 1.00148, forming a double top as it tried to break these levels. The double top...
USD/CAD

Does the USDCAD have more upside potential?

Canada's inflation rate rose by 0.7% in June to a 39-year high of 8.1%. After its July meeting, the Bank of Canada raised rates by 100 basis points and is expected to tighten its monetary policy even further. BOC's aggressive...
Pinterest

Why did Pinterest’s shares surge 16% last Friday?

Pinterest’s (NYSE:PINS) shares closed up 16.2% on Friday on the New York Stock Exchange after the Wall Street Journal reported after market hours on Thursday that activist investor Elliott Investment Management has built a stake in the digital pinboard platform....
GameStop

GameStop’s stock price in the lead up to its stock split

It has been a volatile four months for GameStop’s (NYSE:GME) stock since the company announced its planned stock split on March 31. The stock split is to take place at the close of Thursday July 21. On March 31, GameStop...
parity nt

Will the GBP be the next to hit parity with the USD?

After the euro made a once in 20 years slide to parity with the US dollar, one might also ask: will the British pound be the next to cross parity with the American dollar? The GBPUSD pair has been consistently...
JPMorgan

Finding the silver lining in JPMorgan’s Q2 earnings report

Yesterday, JPMorgan Chase (NYSE: JPM) reported that the bank's second-quarter earnings fell as a result of adding $428 million in bad loan reserves. With this view, JPMorgan has chosen to temporarily halt its share repurchases in order to meet regulatory...
GBPUSD

Why might the GBPUSD breakout lower to 1.1650?

Technical analysis, and in particular the Range identifier Indicator, suggests a possible continuation to the downside is on the cards for GBPUSD. The Range Identifier is a technical tool that highlights price ranges of an asset. Technical analysts will commonly...
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