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EurUsd Bullish Impulse
#EUR/USD#
This is our look for the EurUsd , it is bullish to soon find a bearish turn for the higher time frame. All of my market shared technical set-ups are speculative, they are not guaranteed for accuracy or in completeness in the form of any content. At this profile page, the a
Risk off as markets plunge
Markets sold off as risk-off sentiment continue to seep into investors and traders’ heads.
Dow Jones in Orange, S&P 500 in Blue, NASDAQ in Red, Brent Crude in Teal The largest move downward was in the Oil markets, where Brent Crude and WTI were down 7 and 8% respectively, fearing that the dema
Aussie July Trade Balance surplus arrives below estimates, weighs on AUD
Australia July balance goods/svcs at A$+4,607 mln, s/adj vs the Reuters poll of +5,400 mln has tipped the Aussie to the session low.
More details
Australia July goods/services exports -4 pct MoM, seasonally adjusted. Australia July goods/services imports +7 pct MoM, seasonally adjusted.
AUD/USD touc
Singapore GDP Sinks 13.2% On Year In Q2
Singapore's gross domestic product was down 13.2 percent on year in the second quarter of 2020, the Ministry of Trade and Industry said on Tuesday.
That was in line with expectations following the upwardly revised 0.3 percent contraction in the three months prior (originally -0.7 percent).
On a seas
Credit Suisse Announces Senior Appoints in CSFS in China
Photo: Photo: Bloomberg
Credit Suisse recently announced that it has made three senior appointments for its China securities joint venture, Credit Suisse Founder Securities Limited (CSFS), as part of its China onshore strategy.
In particular, the Board of Directors of CSFS has named Tim Tu as the
Atlanta Fed forecasts 35.2% GDP contraction in the second quarter
Federal Reserve Bank of Atlanta’s GDPNow Index now sees the US economy contracting by 35.2% in the second quarter compared to the previous projection of 36.8% contraction made on July 1.
A month ago, the index was showing a 52.8% tumble in the second quarter.
GDPNow Index is the running estimate o
Germany IFO: About 25% of firms fear for survival due to the coronavirus crisis
Germany’s influential IFO said on Monday, about one fifth (21%) of the German companies see their survival threatened by the coronavirus crisis.
Additional quotes
“Travel agents, hotels and restaurants are particularly concerned.”
“We could see a wave of insolvencies in the coming months.”
Market re
GBP/USD: Satisfactory NFP to keep cable on a positive note
GBP/USD is trading up +0.31% to 1.2513 amid an upbeat market mood. Today, all eyes are on US Nonfarm Payrolls, which are expected to show an ongoing recovery and, therefore, the cable should be underpinned, FXStreet’s analyst Yohay Elam informs.
Key quotes
“GBP/USD has broken above the downtrend res
Nasdaq May Reach New Record High In Early Trading
Stocks may move to the upside in early trading on Wednesday, with the tech-heavy Nasdaq potentially reaching another new record high. While the Dow futures are pointing to a slightly higher open, rising by just 30 points, the Nasdaq futures are up by 79 points.
The Nasdaq may continue to benefit fro
Pull-up Update
