The bitcoin price has climbed 30% year-to-date and is holding just under $5,000 after an early-April rally, but it’s still undervalued by a ridiculous margin. Fundstrat Global Advisors co-founder Tom Lee not only believes that this week’s increase is justified,...
Economists expect NFP at 180K
U.S. employment growth likely rebounded from a 17-month low in March as milder weather boosted activity in sectors like construction, which could further allay fears of a sharp slowdown in economic growth in the first quarter. Worsening worker shortages and...
May asked for Brexit delay until June 30
Prime Minister Theresa May has written to European Council President Donald Tusk to request a delay to the U.K.’s departure from the bloc until June 30. May cited talks with opposition Labour Party Leader Jeremy Corbyn aimed at breaking the...
NZD/USD Technical Analysis: 10-week old ascending trendline, 200-day SMA challenge sellers around 0.6750/35
The NZD/USD pair is struggling around 0.6750 as ten-week-old ascending trend-line and 200-day simple moving average (SMA) limits the downside. The post NZD/USD Technical Analysis: 10-week old ascending trendline, 200-day SMA challenge sellers around 0.6750/35 appeared first on FXCM News .
Gold Technical Analysis: Buyers can aim for $1300 till 100-day SMA support remains intact
Having bounced off 100-day simple moving average (SMA), Gold is on the bids around $1292.50 during early Asian session on Friday. The post Gold Technical Analysis: Buyers can aim for $1300 till 100-day SMA support remains intact appeared first on FXCM News .
USD/IDR Technical Analysis: Bears held up at strong long-term trend support level
The IDR is basing on a strong level of support made up of a number of supporting lines dating all the way back to 2010, 2018 and 2019 as can be seen i The post USD/IDR Technical Analysis: Bears held up at strong long-term trend support level appeared first on...
Huge inflows to U.S. high-yield bond, investment-grade debt funds
Investors' appetite for risk-taking was strong in the latest week, as U.S.-based high-yield junk bond funds attracted more than $2 billion in the week ended Wednesday, marking the group's fourth...
EUR/JPY Technical Analysis: In no-man’s land, capped by 21-D SMA
EUR/JPY has stalled at the target set on the 21-DMA (orange on the chart below) and the confluence of the 23.6% Fibo of the 2019 range and cloud top. However, a break there opens the top of the cloud where it meets the trend line resistance guarding a break towards the 200-DMA (blue on...
Huge inflows in U.S. high-yield bond, investment-grade debt funds
Investors' appetite for risk-taking was strong in the latest week, as U.S.-based high-yield junk bond funds attracted more than $2 billion in the week ended Wednesday, marking the group's fourth...
Third Point up 9 percent in first quarter, fueled largely by Nestle gains
Third Point LP returned 9 percent in the first quarter of 2019 fueled largely by gains at Nestle, which was publicly critiqued by the hedge fund in 2018 for its "muddled strategic approach," an...