|Day's Range||0.769 - 0.774|
|52 Week Range||0.7476 - 0.8160|
Live from the floor of the New York Stock Exchange, Yahoo Finance's Jared Blikre joins Dion Rabouin to discuss the latest market moves.
Live from the floor of the New York Stock Exchange, Yahoo Finance's Jared Blikre joins Sean Smith to discuss the latest market moves.
Live from the floor of the New York Stock Exchange, Yahoo Finance's Jared Blikre joins Alexis Christoforous to discuss the latest market moves. PBR Petroleo Brasileiro S.A. ADR 6.04% GERN(HB) Geron Corp 3.91% INTC Intel Corp 3.47% MU Micron Tech 3.01% TRXC(HB) TransEnterix Inc 2.84% SQ Square Inc 2.48% LRCX Lam Research 2.22% AMAT Applied Materials 2.03% CELG Celgene Corp 1.18% TVIX(HB) VS 2X VIX Short Term 1.13% UVXY ProShs Ultra VIX Short-Term 1.00% QCOM Qualcomm Inc 0.92% T AT&T Inc 0.81% WMT Wal-Mart Stores 0.78% AAPL Apple Inc 0.83% VXX iPath S&P 500 VIX Short-Term 0.68% NVDA Nvidia Corp 0.80% GOOGL(HB) Alphabet Inc Cl A 0.80% CAT Caterpillar Inc 0.65% GOOG Alphabet Inc Cl C Cap Stock 0.69% NFLX Netflix Inc 0.73% WBA Walgreen Boots Alliance Inc 0.54% BA Boeing Co 0.39% TEVA Teva Pharm Indus ADR 0.44% AVGO Broadcom Inc 0.35% TWTR Twitter Inc 0.46% XOM Exxon Mobil 0.20% GILD Gilead Sciences 0.23% VZ Verizon Communications 0.14% CVS CVS Health Corp 0.15% PG Procter & Gamble Co 0.11% CSCO Cisco Systems 0.14% DBX Dropbox Inc 0.11% CVX Chevron Corporation 0.06% HD Home Depot Inc 0.12% QQQ Invesco QQQ Trust Series 1 0.13% DIS Disney (Walt) Co 0.06% MO Altria Grp 0.00% JNJ Johnson & Johnson 0.02% AMZN Amazon.com Inc 0.03% ADBE Adobe Systems 0.07% KO Coca-Cola Co -0.09% SDRL(HB) Seadrill Limited -0.47% PFE Pfizer Inc -0.08% SPY SPDR S&P 500 ETF -0.14% BP BP P.L.C. ADS -0.21% SBUX Starbucks Corp -0.20% IBM Intl Business Machines Corp -0.27% MSFT Microsoft Corp -0.26% SHOP(HB) Shopify Inc -0.21% SIRI Sirius XM Hldgs Inc -0.48% JPM JPMorgan Chase & Co -0.56% JCP(HB) Penney (J.C.) -0.59% WFC Wells Fargo -0.69% ROKU Roku Inc Cl A -0.73% CMCSA Comcast Cl A -0.82% CRM salesforce.com Inc -0.63% V Visa Inc -0.72% KMI Kinder Morgan Inc -0.88% NKTR Nektar Therapeutics -0.64% ABBV AbbVie Inc -1.21% BAC Bank of America Corporation -1.13% C Citigrp Inc -1.17% NKE Nike Inc Cl B -1.16% F Ford Motor -1.39% PYPL PayPal Hldgs Inc -1.36% FB Facebook Inc -1.41% GE General Electric Co -1.67% ARWR Arrowhead Pharma Inc -1.30% ORCL Oracle Corp -1.60% TSLA Tesla Inc -1.80% FIT Fitbit Inc -1.87% BABA Alibaba Group Holding Ltd -1.81% RAD Rite Aid -2.07% SRPT Sarepta Therapeutics Inc -2.00% BB BlackBerry Ltd -2.12% CHK Chesapeake Energy Corp -2.73% SNAP Snap Inc -2.81% IQ IQIYI Inc ADS -3.05% CGC(HB) Canopy Growth -3.03% JD JD.com Inc -3.14% GEVO(HB) Gevo Inc -3.36% HMNY(HB,F) Helios and Matheson Analytics -3.42% X U.S. Steel Corporation -3.54% ACBFF(HB) Aurora Cannabis Inc -3.81% AMD Advanced Micro Devices Inc -3.85% BIDU Baidu Inc -4.17% NIO(HB) NIO Inc -4.70% HUYA(HB) HUYA Inc -4.82% TLRY(HB) Tilray Inc -5.37% SOGO(HB) Sogou Inc -5.60% SVMK(HB) SVMK Inc -5.73%
Subdued USD demand fails to assist build on overnight rebound , while weak crude oil price helped limit sharp downward slide.
Even after recovering from 1.1430-25 support-zone, the EURUSD has to surpass 100-day SMA level of 1.1630 in order to justify its strength in targeting the seven-month long descending resistance-line, around 1.1730. Should prices rally beyond 1.1730 on a daily closing basis, the 1.1810 & 1.1850 are likely intermediate halts that can be availed prior to aiming the 1.1920 level, comprising 200-day SMA. In case the pair witness downside pressure, the 1.1520, the 1.1500 and the 1.1430 may entertain short-term sellers before again highlighting the importance of 1.1430-25 area. ...
Canadian business optimism remained at near-record levels in the third quarter as companies reported rising pressure on capacity, labor and prices amid signs of stronger sales, the Bank of Canada said. "It supports the outlook for higher rates in Canada and particularly toward the end of this month," said Shaun Osborne, chief currency strategist at Scotiabank. "The fact that we got such a positive read, particularly on business investment, before there was clarity on the trade outlook, I think was quite encouraging." All the interviews were carried out before Canada and the United States struck a deal on Sept. 30 on a new trade pact with Mexico.
Loonie gains momentum across the board after Bank of Canada business outlook survey update.
Bullish oil prices exerts downward pressure for the second straight session, while resurgent US bond yields ease USD bearish pressure and helped limit downfall.
While the USMCA brings to an end the coveted free trade agreement, as details of the USMCA emerge, a number of changes were made, while both Canada and Mexico are expected to continue to face aluminum and steel tariffs.
Tuesday could have been a crucial day for the EURUSD. Yesterday the price broke the lower line of the descending triangle but this breakout was false and the price quickly came back above the support. In addition to that, we broke the upper line of this triangle.
Economic data out of Asia give the Aussie and Kiwi Dollars some respite early in the day, while geo-political risk remains the key area of focus.
Surging US bond yields supportive of the prevalent USD bullish move while Pickup in oil prices underpin Loonie and seemed to cap strong gains.
Although short-term descending trend-line signals further downside of the EURUSD, oversold RSI & 1.1430-25 support-zone could trigger the pair’s pullback. Given the sellers refrain to respect the 1.1425 mark, the 1.1390 & the 1.1350 may offer intermediate halts during the pair’s drop towards 1.1300 round-figure. Even if the pair manages to conquer aforementioned TL figure of 1.1515, it still needs to surpass the 1.1525-30 region in order to aim for 1.1615 and the 1.1650. It should also be noted that the pair’s sustained trading beyond 1. ...
The Dollar could be in for another move should geo-political risks linger and trade war chatter out of China provide little comfort.
The euro, (EURUSD) which accounts for more than 50% of the popular index, was trading at $1.1492, compared with $1.1523 on Friday, as political concerns out of Italy weighed on the common currency. Earlier in the New York session, the euro traded to $1.1461, a seven-week low. “The euro remains under pressure at the start of the week with Italian government bond yields rising further, dragging the 10-year BTP/Bund spread out to nearly 300 basis points, pointing to a weaker euro,” wrote Nick Cawley, analyst at DailyFX.
The U.S. dollar softens Friday after the Bureau of Labor Statistics showed that the U.S. economy grew by 134,000 jobs in September.
The euro climbed against other currencies Wednesday amid signs that Italy may yield ground over a budget dispute with the European Union. The euro rally began late in Asian trade after a report in Italian daily newspaper Corriere della Sera said that Italy’s government planned to trim its budget deficit target over the next three years. Italian officials had previously clashed with Brussels over the budget deficit target, which had stoked fears of another crisis in the region and put pressure on Italian stocks and bonds.
Having bounced off the 1.1535-25 support-zone, EURUSD needs to surpass the 50-day SMA level of 1.1605, followed by the 1.1645 hurdle, comprising 100-day SMA, in order to justify its strength in targeting the 1.1720 and the 1.1750 resistance-levels. However, the 1.1815-20 region could limit the pair’s upside past-1.1750, if not then 1.1900 and the 200-day SMA level of 1.1940 might please the buyers. Alternatively, a D1 close beneath the 1.1525 can quickly fetch the quote to 1.1430 and 1.1330 supports. Also, pair’s sustained decline below 1.1330 can avail 1. ...
A popular U.S. dollar index on Tuesday extended a strengthening trend to a fifth day in a row, putting the benchmark near a six-week peak as its major rivals, notably the euro, weakened amid mounting political strife between Italy and the European Union. The euro, which is the most influential component of the dollar index, has been the predominant story, with the shared currency stumbling amid political uncertainty in Italy, which has been set in motion by a controversial budget proposal by the country’s government.
The Canadian dollar powered ahead Monday after Canada and the U.S. reached a last-minute deal on the North American Free Trade Agreement and as oil prices continued their climb. The pending agreement allows Canada to join the accord reached by Mexico and the U.S. in late August, and comes just days after U.S. Trade Representative Robert Lighthizer told Congress that the two countries were unlikely to meet the deadline for a pact. The Canadian dollar (USDCAD) took off on the news, with one dollar last buying C$1.2799 versus C$1.2911 late Friday in New York.