GBP/USD undergoes corrective process

An upward and over extended market, set against the backdrop of a downtrend may swing the GBP/USD buyer-seller pendulum back towards the bears again.GBP/USD was in sell mode until a recent move changed the shape of the price structure. The 4hr RSI was on average printing below 50% over the las ...

USD/JPY momentarily out of favor

USD/JPY showing very low price volatility across several time frames.Intraday and daily USD/JPY ATR measures, up from 30 min, simultaneously shrunk to levels not seen in the past four weeks of trading. Markets with extreme low volatility do not perform well because they have less direction fo ...

AUD/NZD lurched lower and hesitated

A harami cross pattern unfolded on the AUD/NZD daily chart turning the intermediate trend from bearish to neutral.The pattern occurs within the context of deteriorating prices unfolding with the daily stochastic (14,3,3) tracking below 20. From here on, this oscillator could easily react with an ...

Peru stocks higher at close of trade; S&P Lima General up 0.45%

Investing.com – Peru stocks were higher after the close on Friday, as gains in the Mining, Food&Beverages and Telecoms sectors led shares higher. At the close in Lima, the S&P Lima General gained 0.45%. The best performers of the session on the S&P Lima General were Austral Group SAA ...

Top 5 things that moved markets this past week

Investing.com – Take a peek at the top 5 things that rocked U.S. markets this week. Expectations of UK interest rate hike spiked GBP/USD surged earlier during the week, following bullish comments on an interest rate hike from the Bank of England chief economist Andy Haldane. Haldane said h ...

Brazil stocks lower at close of trade; Bovespa down 0.30%

Investing.com – Brazil stocks were lower after the close on Friday, as losses in the Public Utilities, Financials and Electric Power sectors led shares lower. At the close in Sao Paulo, the Bovespa declined 0.30%. The best performers of the session on the Bovespa were Usinas Siderurgicas de Minas ...

Mexico stocks lower at close of trade; IPC down 0.08%

Investing.com – Mexico stocks were lower after the close on Friday, as losses in the Consumer Goods&Services, Consumer Staples and Telecoms Services sectors led shares lower. At the close in Mexico, the IPC declined 0.08%. The best performers of the session on the IPC were Industrias Penoles ...

Canada stocks higher at close of trade; S&P/TSX Composite up 0.65%

Investing.com – Canada stocks were higher after the close on Friday, as gains in the Materials, Energy and Industrials sectors led shares higher. At the close in Toronto, the S&P/TSX Composite gained 0.65%. The best performers of the session on the S&P/TSX Composite were Fortuna Silver ...

Colombia stocks higher at close of trade; COLCAP up 0.02%

Investing.com – Colombia stocks were higher after the close on Friday, as gains in the Public Services, Financials and Agriculture sectors led shares higher. At the close in Colombia, the COLCAP rose 0.02% to hit a new 1-month low. The best performers of the session on the COLCAP were Cementos ...

EUR/USD rises towards 1.12, turns flat on the week

With a daily gain of more than 50 pips, the EUR/USD pair was able to erase it weekly losses and is about to close the week near the 1.12 handle, for the second week in a row. As of writing, the pair is trading at 1.1197, up 0.4% on the day. Dovish comments from today's Fed speakers weighed o ...

Wall Street erases gains, closes week with small gains

Although major equity indexes were higher for the majority of the session, they started to erase their gains in the last hours of trading as investors cashed in their profits. Technology stocks stole the spotlight on Friday as solid performances of giants like Apple, Facebook, and Microsof ...

European Monetary Union CFTC EUR NC net positions: €44.9K vs previous €79.1K

United States CFTC Gold NC net positions declined to $150.7K from previous $190.3K