Intraday SMA cross seen on EUR/JPY

A new leg up in EUR/JPY bolstered its 100 hourly SMA to cross above the 200 period one.While this intraday “Golden Cross” doesn't assure the recent correction is done and dusted, the low prices printed on hourly charts are at a converging distance to the SMA cross. This price level could be used as ...

USD/SGD trading in oversold territory

The daily USD/SGD RSI has moved below 30%, meaning that the pair is trading in oversold territory.The USD/SGD daily RSI(14) has crossed below the 30% threshold while the weekly oscillator is already printing below 50% for several months. This suggests a fully-fledged down trend with a risk of bein ...

Harami pattern defies AUD/JPY uptrend

A harami cross pattern spotted on the AUD/JPY weekly chart chart indicates a trend change from bullish to neutral.Prices challenged the 21-period 2 standard deviation upper band by printing outside of its boundaries in the last two weeks. The bearish pattern also happens in the context of ...

USD/CAD hammered support

A hammer reversal pattern hints that bearish momentum may be slackening in USD/CAD.The pattern emerged on the daily chart where the Percentage Price Oscillator - a normalized MACD- has been printing below -1. While the oscillator is not at its extremes, there is a real threat of prices moving no ...

Peru stocks higher at close of trade; S&P Lima General up 0.29%

Investing.com – Peru stocks were higher after the close on Friday, as gains in the S&P Lima Juniors, Electricity and Services sectors led shares higher. At the close in Lima, the S&P Lima General rose 0.29% to hit a new 52-week high. The best performers of the session on the S&P Lima ...

EUR/JPY buyers could defend SMA crossover

The advance in EUR/JPY prompted its 100-hr SMA to cross above the slower 200-hr SMA.The low prices printed on hourly charts are at a converging distance to the “Golden Cross”. This price level is likely to underpin the EUR/JPY rate as buyers find support at the confluence. The risk scenario is set o ...

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. No love for the greenback amid slump to 13-month low The dollar slumped to its lowest level in over year against its rivals, amid a surge in the euro to 2-year highs after expectations grew that the Europea ...

Fitch affirms Turkey at ‘BB+’; outlook stable – Reuters

Fitch Ratings affirmed Turkey's credit note at BB+ and said that the outlook was stable. Key highlights (via Reuters) Issue ratings on Turkey's senior unsecured foreign-currency bonds have also been affirmed at 'BB+' Ratings balance high external financing vulnerabilities ...

Bitcoin eases off monthly highs, still up $700 on the week

After the Bitcoin development community avoided a potential crisis by accepting the SegWit2x upgrade, which is supposed to increase the digital currency network’s transaction capacity, before the July 31 deadline, the BTC gained nearly $700 on Thursday, pushing the BTC/USD pair close to it ...

Wall Street ends the week on a negative note

Major equity indexes eased lower in the last session of the week as falling crude oil prices weighed on energy shares. Furthermore, the political developments in the U.S. hurt the market sentiment, pushing the investors towards safer assets like the yen, gold and U.S. Treasuries rather than stocks ...

Brazil stocks lower at close of trade; Bovespa down 0.39%

Mexico stocks higher at close of trade; IPC up 0.78%

Investing.com – Mexico stocks were higher after the close on Friday, as gains in the Telecoms Services, Consumer Staples and Consumer Goods&Services sectors led shares higher. At the close in Mexico, the IPC added 0.78% to hit a new all time high. The best performers of the session on the IPC ...

Canada stocks lower at close of trade; S&P/TSX Composite down 0.53%

Investing.com – Canada stocks were lower after the close on Friday, as losses in the Energy, Consumer Discretionary and Industrials sectors led shares lower. At the close in Toronto, the S&P/TSX Composite fell 0.53%. The best performers of the session on the S&P/TSX Composite were DHX Media ...