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When I look at Nintendo (NTDOY) right now, what immediately stands out to me is how much the stock has pulled back since the 6th of November. We’re talking about a move of roughly 8% off those levels.
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EUR/CHF holds firm as Swiss retail sales beat forecasts, Eurozone PMI weakens
The Euro (EUR) pares some of its early gains against the Swiss Franc (CHF) on Monday as traders digest stronger-than-expected Swiss Real Retail Sales alongside softer Eurozone manufacturing signals. At the time of writing, EUR/CHF is trading around 0.9324, easing from a daily high of 0.9338. -
Pound Sterling Price News and Forecast: GBP trades flat against US Dollar
The Pound Sterling (GBP) flattens around 1.3230 against the US Dollar (USD), weakens against other currency pairs, during the European trading session on Monday. -
US Dollar slips against Swiss Franc as Fed rate cut bets grow, Swiss GDP shrinks
USD/CHF trades lower on Monday, around 0.8010 at the time of writing, down 0.25% on the day. The pair comes under pressure from a weakening US Dollar (USD) as investors increasingly price in additional monetary easing from the Federal Reserve (Fed). -
Brazil S&P Global Manufacturing PMI climbed from previous 48.2 to 48.8 in November
Brazil S&P Global Manufacturing PMI climbed from previous 48.2 to 48.8 in November -
EUR/USD jumps to two-week highs with US Manufacturing data on focus
EUR/USD maintains a firm tone and extends gains for the sixth consecutive day on Monday, trading at two-week highs beyond 1.1630 at the time of writing. -
Is TAIFX a strong bond fund right now?
If you have been looking for Muni – Bonds funds, a place to start could be American Funds Tax-Aware Conservative Growth and Income F-1 (TAIFX). TAIFX carries a Zacks Mutual Fund Rank of 2 (Buy), which is based on various forecasting factors like size, cost, and past performance. -
CAD holds steady despite slight pullback against USD – Scotiabank
The Canadian Dollar (CAD) is down fractionally on the session against the US Dollar (USD) but losses are very modest and spot is all but unchanged in effect over the weekend, Scotiabank’s Chief FX Strategists Shaun Osborne and Eric Theoret report. -
Gold strengthens as markets price in December Fed rate cut and Dollar slips
Gold (XAU/USD) kicks off the new month on a firm footing, climbing to its highest level since October 21 on Monday, as risk-off sentiment underpins safe-haven demand, while traders gear up for another interest rate cut by the Federal Reserve (Fed) at its December 9-10 monetary policy meeting. -
Crude oil futures settle at $59.32
Crude oil futures settled at $59.32, a gain of $0.77 or 1.32% on the day. Over the weekend, OPEC+ left production levels unchanged as expected, while geopolitical risks tied to Venezuela along with the ongoing conflict between Russia and Ukraine continue to hang over the market.
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From a technical perspective, today’s high near $60 tested the 38.2% retracement of the decline from the September 26 high at $59.96. The market briefly pushed to $59.97 before rotating lower. The pullback found support at $58.83, holding just above the 200-hour moving average at $58.81.
With resistance clearly defined at the $59.96 retracement level and support anchored at the 200-hour MA, the settlement leaves crude trading squarely between these two key technical boundaries. Traders will look for a break of either level for the next bias defined clue going forward.
This article was written by Greg Michalowski at investinglive.com.
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