FX

S&P 500 extends its consolidation phase from the 4200 level with a cluster of supports at 4041/20 expected to remain a floor, according to analysts at Credit Suisse. S&P 500 stabilized above cluster of key supports, starting at 4041 and stretching down to 4034/20 “We continue to look for a floor at the 4041/20 region to define the

EUR/USD edges lower inside a bearish chart pattern. MACD also teases sellers but key EMAs add to downside filters. Bulls have a bumpy road to recovery, 1.2200 becomes crucial resistance. EUR/USD fades the previous day’s bounce off 1.2060-55 support confluence while easing to 1.2078 amid early Friday’s Asian session. In doing so, the quote nears

Alibaba (BABA) reported first quarter 2021 results before the open on Thursday. Revenue for the quarter was 187.395 billion yuan, an increase of 64% and ahead of the forecasted 180.41 billion yuan. The quarterly net loss was 7.6 billion yuan due to a fine from the Chinese regulator. Earnings per share (EPS) were $1.88 ahead of the $1.78

EUR/USD bears looking for a deeper impulse to test bullish commitments at weekly support.  Bulls taking charge and eye the daily resistance for weekly upside continuation probability.  As per the prior analysis, EUR/USD Price Analysis: Bears are lurking with eyes on 61.8% Fibo target, the market has melted to the target and now the focus is

TSLA shares continue to suffer losses despite retail rally. Saturday night live fails to stop the bears. Has Elon Musk turned his focus to Dogecoin? Tesla (Nasdaq: TSLA) shares have just not been right since reporting earnings on April 26. Earnings per share (EPS) did beat analyst expectations, but the manner of the beat and

Silver consolidates the previous day’s gains, refreshes intraday low of late. Clear trading beyond immediate horizontal support, 100-HMA back buyers amid upbeat MACD signals. A seven-day-old rising trend line adds to the downside filters. Silver takes offers around $27.60, down 0.10% intraday, amid the early Asian session on Wednesday. The white metal jumped the most

NYSE:AMC gains over 2% on Monday as market weakens. AMC results were poor, but retail traders love the name and the CEO. Meme stocks and the Reddit short squeeze are the focus of the SEC’s new chair. Update May 11: AMC shares bucked the trend on Monday rising nearly 3% and putting $10 firmly in

Silver holds lower ground after reversing from 10-week high. Monday’s ‘Shooting star’ near short-term channel resistance suggests further pullback moves. Bullish MACD probe sellers, confluence of 21-day SMA, channel support be the key. Silver prices remain pressured around $27.30 amid the initial Asian trading session on Tuesday. The white metal rose to the highest since

Gold buyers defend $1,830 even as Friday’s run-up pauses for fresh push to the north. US NFP, Unemployment Rate backed Biden, Yellen and Fed to shrug off rate hike pressure. Equities, commodities cheered US dollar’s drop but lack of major reaction afterward confuse the bright metal bulls. Update: Gold price is wavering in a familiar

USD/JPY trades with negative bias in the early Asian session. A weaker USD pulls the demand for the pair, post-disappointing US Nonfarm Payrolls on Friday. The US Treasury yields bounce from lower levels, providing a cushion to the US dollar. The USD/JPY opens the fresh trading week on a muted tone in the early Asian

Equity markets shrug off a shocking jobs report to rally anyway. No news is good news, bad news is good news as the dip dominates. Bears have been hibernating and face possible extinction. Well after a fairly sluggish start to the week things certainly sprang to life on Friday as a brutal employment report was

In another encouraging vaccine development from the Old Continent, European Commission President Ursula von der Leyen announced on Saturday that the EU has struck a deal with BioNTech/Pfizer for up to 1.8 billion extra doses of their Covid-19 vaccine. “Happy to announce that the EU Commission has just approved a contract for guaranteed 900 million

Gold bulls have eyes on a 61.8% Fibo monthly target of $1,850. Shorter-term, the bears can target at least a drift to a 38.2% Fibo at 1.807 or the daily support, near $1,800. Will NFP be the catalyst to test the commitments at $1,820/25 on a soft US dollar? Update: Gold retreated from fresh three-month highs

GBP/USD spikes to over one-week tops, around 1.3970 on weaker NFP report The GBP/USD pair caught some aggressive bets during the early North American session and shot to over one-week tops, around the 1.3970 region in reaction to the dismal US jobs report. The headline NFP showed that the US economy added only 266K new

EUR/USD regains extra steam and trades closer to 1.2100. Recent monthly top at 1.2150 emerges as the next target. Fresh buying interest pushes EUR/USD to the vicinity of the 1.2100 neighbourhood at the end of the week. On the upside, there are no significant hurdles until the April’s top at 1.2150 (April 29). If cleared,

All three US equity benchmarks closed in green for the first time this week, DJI30 closed at record top. US Jobless Claims, Nonfarm Productivity and Challenger Job Cuts back an upbeat NFP. Vaccine news battle noise from China as markets enjoy receding reflation fears. All eyes on US employment data for April, risk catalysts. Thursday

GBP/USD is catching fresh bids above 1.3900, heading closer towards the Bank of England’s (BOE) ‘Super Thursday’ events. The UK central bank is unlikely to alter its monetary policy settings, although it could offer a brighter economic outlook, courtesy of a successful vaccination campaign. The traders are likely to pay close attention to any hints

AUD/USD bulls attack upper-end of a normal trading range between 0.7820 and 0.7695-90. Market sentiment recovered amid receding reflation fears, soft US data and little activity ahead of Friday’s US jobs report. Fed policymakers rejected rate hike concerns, Aussie data came in mixed. China markets open for the first time this week, US weekly Jobless