Page 117 - Technical Analysis News Today

The Mexican Peso seesaws between tepid losses and gains against the US Dollar during the European session on Thursday.

The USD/JPY price is trading in the green at 151.75 at the time of writing. The pair seems determined to reach new highs.

The Euro posts solid gains against the US Dollar, though it faces stirring resistance at the 100-day moving average (DMA), which caps the pair's advance toward 1.0900.

The Pound Sterling lost some ground against the Japanese Yen late in the North American session on Thursday, amid a risk-off impulse, following softer-than-expected UK Services PMI figures.

The Dollar Index (DXY), a popular gauge of the Greenback’s value against a basket of six major currencies, eased off recent highs at 104.80, closing lower, at 104.45 in New York.

The GBP/USD pair recovers some lost ground and currently trades around 1.2580 on Wednesday during the early European session.

EUR/USD is edging higher on Wednesday, making it back into the 1.0770s and extending the previous day’s rebound from six-week lows.

EUR/USD continues its winning streak for the second consecutive session on Wednesday, inching higher to near 1.0780 during the Asian hours.

Technical indicators show that select large cap stocks are getting well positioned to gain ahead after the recent fall in small and midcap stocks. Elara Capital’s head of derivatives research Sunil Jain shares insights into his top sector and stock picks that are gaining momentum.

Copper bounces on a key support zone and extends the rally into the recent high. What’s next?