USD/SGD Bulls are losing momentum

USD/SGD sellers stood their ground and buyers retreated in recent sessions as MACD (26, 12, 9) has fallen off below its median line.On a 4hr chart, this technical condition may be taken by many trend-following traders as a trigger to liquidate long positions. The fact that the MACD hasn't bee ...

Peru stocks higher at close of trade; S&P Lima General up 0.35%

Investing.com – Peru stocks were higher after the close on Friday, as gains in the Banking&Financials, S&P Lima Juniors and Non-Metal Minerals sectors led shares higher. At the close in Lima, the S&P Lima General gained 0.35% to hit a new 1-month high. The best performers of the session ...

EUR/USD remains near daily highs, still headed for weekly losses

After closing every single day of the week with losses, the EUR/USD pair rebounded strongly on Friday amid a weaker greenback and the ECB speculation. As of writing, the pair was trading at 1.0932, up 0.64% on the day. On a weekly basis, the pair is nearly 80-pips below its opening level. O ...

Brazil stocks higher at close of trade; Bovespa up 1.01%

Investing.com – Brazil stocks were higher after the close on Friday, as gains in the Electric Power, Financials and Public Utilities sectors led shares higher. At the close in Sao Paulo, the Bovespa gained 1.01% to hit a new 1-month high. The best performers of the session on the Bovespa were ...

Wall Street closes week with losses

Major equity indexes in the United States slipped on Friday as the weak retail sales and inflation data hurt the banks and the retailers. Furthermore, a recent report of cyber attacks across the globe hurt the market sentiment and kept the investors away from riskier assets. The Commerc ...

Colombia stocks higher at close of trade; COLCAP up 1.43%

Investing.com – Colombia stocks were higher after the close on Friday, as gains in the Industrials, Public Services and Investment sectors led shares higher. At the close in Colombia, the COLCAP gained 1.43% to hit a new 52-week high. The best performers of the session on the COLCAP were Ecopetrol ...

EUR/USD volatility measures could spark profit taking

EUR/USD is capturing attention with its soaring volatility and northward streak.The following technical observations are worthy of note: The search for a low in today's trading is reflected in the 2-standard deviation Bollinger Bands® expanding for several consecutive hours. Moreover, the near-term ...

French Elections, Canadian Housing, and More – Wells Fargo

Analysts at Wells Fargo share their review of the macro events of the week: U.S. Review Mixed Signals on Inflation to Start Q2 Survey data from businesses suggest that the labor market continues to tighten. Import and producer prices showed signs of acceleration this week, but another sof ...

Japan FinMin Aso: G7 must not backpedal on free trade

Japanese Finance Minister Taro Aso crossed the wires following the G7 meeting in Bari, Italy, via Reuters, suggesting that the G7 must not backpedal on the free trade. Key quotes (via Reuters): Did not discuss currencies in bilateral talk with Mnuchin Told G7 that cannot be complacent wit ...

US Retail Sales: Stronger finish for Q1, modest start in Q2 – Wells Fargo

Analysts from Wells Fargo, consider that although April retail sales were below consensus, the March revision shows a stronger finish for the first quarter and a relatively modest start in the second quarter. Key Quotes:  “Retail sales increased a less than expected 0.4 percent in April ...

SMA cross injuring USD/HUF

The bearish offensive in USD/HUF has resulted in a cross of the 50-period below the 200-period SMA.The signal emerged on 4-hour charts further deteriorating the near-term USD/HUF price structure. While conservative sellers will wait for a close below recent support as a confirmation of ...

GBP/USD below 1.2900, consolidates weekly losses

The pound is about to end Friday on a weak note, losing ground across the board. GBP/USD is marginally lower for the day and down on a weekly basis for the first time after rising during the previous four weeks.  Cable bottomed on Friday at 1.2843, the lowest level in a week and then bounce ...