Friday, February 26, 2021
  • About Us
  • Contact Us
News i Can
  • Home
  • News
  • Politics
  • Business
  • Tech
  • Travel
  • Sports
  • Video
  • Books and Novels
  • Buy Products
  • Products
No Result
View All Result
News iCan
  • Home
  • News
  • Politics
  • Business
  • Tech
  • Travel
  • Sports
  • Video
  • Books and Novels
  • Buy Products
  • Products
  • About Us
  • Contact Us
No Result
View All Result
News iCan
Home Business

Dollar holds steadier, equity futures keep lower to start the session

newsican77 by newsican77
November 9, 2020
in Business, News
0
Dollar holds steadier, equity futures keep lower to start the session
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

[ad_1]

Source link

The dollar is steadier after seeing its worst day since April yesterday

The greenback is trading more mixed, gaining against the pound, aussie and loonie while keeping lower against the franc and kiwi though the moves are relatively minor.

Meanwhile, the euro and yen are little changed against the dollar so far on the day. But there are some interesting technical observations as we get the session underway.

EUR/USD is keeping a solid bounce above its 100-day MA (red line) this week upon having tested the 1.1600 support level. Price action is now running into a daily trendline resistance @ 1.1838 with the 21 October high @ 1.1881 also offering added resistance.

For buyers, these are the two key levels to breach in order to retest 1.1900 and break away from the consolidative range around 1.1600 and 1.1900 for the most part.

USD/JPY D1 06-11
For bank trade ideas, check out eFX Plus

As for USD/JPY, we are seeing price break to its lowest level since March as the 104.00 handle gives way. From a technical perspective, there is little in the way stopping the pair from a drop towards 102.00 next from hereon.

However, the break here doesn’t feel as convincing unless Treasury yields also seek a further plunge lower from current levels. Other than that, Japanese officials will surely keep up the verbal intervention so that might keep sellers at bay as well.

Related posts

Auditors slam EU for 'marine protected areas' that fail to protect ocean

December 3, 2020
Lwandamina: Zambian coach arrive in Tanzania to take over at Azam FC

Lwandamina: Zambian coach arrive in Tanzania to take over at Azam FC

December 3, 2020
USGG10YR

Elsewhere, equities are keeping on the back foot to start the new day but this is largely seen as a retracement after the solid run of gains so far this week.

S&P 500 futures are down 0.4% while Nasdaq futures are down 0.8% currently.

US stocks have proven to be extremely resilient in light of the election rhetoric, although the latest drive higher could be one more related to relief (something that was a consideration as pointed out earlier in the week here) more than anything else.

Looking past that, investors may have to deal with the realities of the situation or perhaps easy money is just that powerful. But only time will tell as the election fog is slowly lifted ahead of the weekend hopefully.

[ad_2]

Source link

Previous Post

THE DEER'S ANTLER TREE

Next Post

Car Phone Mount, Dashboard Car Pad Silicone Car Cell Phone Holder,Anti-Slip Anti-Shake Stabilizer Compatible with iPhone, Samsung, Android Smart Phones, GPS, KGs3 and More (2 Pack)

Next Post
Car Phone Mount, Dashboard Car Pad Silicone Car Cell Phone Holder,Anti-Slip Anti-Shake Stabilizer Compatible with iPhone, Samsung, Android Smart Phones, GPS, KGs3 and More (2 Pack)

Car Phone Mount, Dashboard Car Pad Silicone Car Cell Phone Holder,Anti-Slip Anti-Shake Stabilizer Compatible with iPhone, Samsung, Android Smart Phones, GPS, KGs3 and More (2 Pack)

RECOMMENDED NEWS

US sets export restrictions on China's biggest chipmaker SMIC, saying exports to SMIC posed an "unacceptable risk" of being diverted to "military end use" (Financial Times)

US sets export restrictions on China's biggest chipmaker SMIC, saying exports to SMIC posed an "unacceptable risk" of being diverted to "military end use" (Financial Times)

5 months ago
Indiahikes’ Experiential Learning Programs For Schools

Indiahikes’ Experiential Learning Programs For Schools

8 months ago
Dallastrology: Biting Into Sagittarius Season. – Central Track

Dallastrology: Biting Into Sagittarius Season. – Central Track

3 months ago
The Views on North Fork Mtn are Definitely Worth the Steep Climb, North Fork Mtn Trail, West Virginia.

The Views on North Fork Mtn are Definitely Worth the Steep Climb, North Fork Mtn Trail, West Virginia.

6 months ago

FOLLOW US

  • 81 Followers
  • 103k Subscribers

BROWSE BY CATEGORIES

  • Books and Novels
  • Business
  • News
  • Politics
  • Products
  • Sports
  • Tech
  • Tech Gadgets Video
  • Travel
  • Uncategorized
  • Video

BROWSE BY TOPICS

books electronics mobile phone mobile phone accessories Sports Sports News
PopAds.net - The Best Popunder Adnetwork
ADVERTISEMENT

News Category

  • Books and Novels (552)
  • Business (2,002)
  • News (8,349)
  • Politics (1,313)
  • Products (213)
  • Sports (754)
  • Tech (1,990)
  • Tech Gadgets Video (2,081)
  • Travel (1,739)
  • Uncategorized (1)
  • Video (2,081)

POPULAR NEWS

  • VALE a pena COMPRAR o IPHONE XR em 2020 / 2021?

    VALE a pena COMPRAR o IPHONE XR em 2020 / 2021?

    0 shares
    Share 0 Tweet 0
  • The startup turning human bodies into compost

    0 shares
    Share 0 Tweet 0
  • Meet Windows 7 2020 Edition Concept

    0 shares
    Share 0 Tweet 0
  • The Deutsche Bank whistleblower who gave up $8m is going broke

    0 shares
    Share 0 Tweet 0
  • WhatsApp Estilo IPhone en Android

    0 shares
    Share 0 Tweet 0

Related posts

Auditors slam EU for 'marine protected areas' that fail to protect ocean

December 3, 2020
Lwandamina: Zambian coach arrive in Tanzania to take over at Azam FC

Lwandamina: Zambian coach arrive in Tanzania to take over at Azam FC

December 3, 2020

Navigation

  • Home
  • News
  • Politics
  • Business
  • Tech
  • Travel
  • Sports
  • Video
  • Books and Novels
  • Buy Products
  • Products
News

Auditors slam EU for 'marine protected areas' that fail to protect ocean

by Karen McVeigh
December 3, 2020

Latest News

Auditors slam EU for 'marine protected areas' that fail to protect ocean

3 months ago

Lwandamina: Zambian coach arrive in Tanzania to take over at Azam FC

3 months ago
ADVERTISEMENT

© 2020 www.newsican.com – Premium news & magazine Web site; Designed By SL Creates

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Tech
  • Travel
  • Sports
  • Video
  • Books and Novels
  • Buy Products
  • Products

© 2020 www.newsican.com - Design By SL Creates.

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?