Weak finish leads to a flat week
Closing changes for the main European bourses:UK FTSE 100 -0.4%German DAX -0.4%French CAC -1.0%Italy MIB -0.5%Spain IBEX -1.8% On the...
Forex News
ISM Services PMI declines to 61.7 in August vs. 61.5 expected
US ISM Services PMI fell modestly in August. US Dollar Index consolidates daily losses above 92.00. The economic activity in...
XAU/USD Boosted by Lackluster NFP and Weaker Dollar
Gold (XAU/USD) Fundamental Analysis:Dire NFP data added to continued dollar weakness and subsequent rise in gold pricesXAU/USD rises on softer...
New York Fed suspends GDP Nowcast model
Blames volatility in the dataAfter forecasting 3.8% GDP growth in last week's report, the NY Fed has suspended the data...
Alibaba Group Holding retreats for second consecutive day
NYSE:BABA fell by 0.74% on Thursday as Chinese ADRs pulled back. AliBaba pledges to spend $15.5 billion towards ‘common prosperity’...
EUR/USD Outlook Bearish, Doves to Outvote Hawks at ECB Meeting
Fundamental Euro Forecast: BearishOne after the other, hawkish members of the European Central Bank’s policymaking Governing Council came out last...
Brazil suspends beef exports to China after 2 cases of atypical mad cow disease
China and Hong Kong buy over 50% of Brazilian beef exports.Brazil discovered two cases of "atypical" mad cow disease in...
Nio soars as it reports record August orders despite chip shortage
NYSE:NIO gained 3.25% on Thursday as the broader markets pushed higher. Nio confirms that it took in its highest order...
XAU/USD Boosted by Lackluster NFP and Weaker Dollar
Gold Price Weekly Forecast: XAU/USD Boosted by Lackluster NFP and Weaker DollarTeaser: Dismal NFP jobs data and a weaker dollar...
EURJPY corrects into MA support. Can it hold?
100 hour MA and swing level at 130.169The EURJPY has been marching higher since bottoming on August 20. The price had been up for 9...
