Equities paint a mixed picture ahead of North American trading

European equities in the red but US futures still keep higher Stocks in Europe got off to a bright start but have given that all up now as we look towards North American trading. A snapshot of the major indices in Europe: Eurostoxx -0.3% Germany DAX -0.8% France CAC 40 -0.4% UK FTSE -0.5% Spain […]

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Euro Demand Remains at 5-year High but Technical Picture Calls for Caution

The European currency posted record-high appeal among speculators for several years, showed the latest CFTC report. Net long speculative position rose to a 5-year high in the week ending Aug 4: Extreme speculative bias calls for caution in assessing prospects of further Euro rise and played itself as a corrective factor: Classic “double top” in […]

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ForexLive Americas FX news wrap: US dollar rebound continues even as risk picture improves

Forex news for New York trade on June 12, 2020: Markets: Gold up $ 3 to $ 1730 WTI crude oil up 22-cents to $ 36.56 S&P 500 up 39 points to 3041 US 10-year yields up 3 bps to 0.70% CAD leads, CHF lags The US dollar continue the retracement against the euro and […]

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Oil and US Durable Goods Data Paint Mixed Picture About Recovery

Oil: An Unfinished Story Oil prices renewed decline this week, June WTI contract dropped by more than 15%, Brent fell by 7.5%. The market expects OPEC to start cutting production later this week. Given fragile state of the market, some countries decided to start cutting output ahead of the agreed date in the OPEC + […]

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