The big event for Europe comes in the European evening, when Germany’s President hosts talks among political leaders about forming a new coalition. The President, Frank-Walter Steinmeier, will meet with Chancellor Merkel, head of the Christian Democratic Union (CDU); Horst Seehofer, the leader of the CDU’s coalition partner, Christian Socialist…
The US dollar is trading in different directions against its main competitors.
Yesterday US currency significantly grew against Japanese yen and renewed the highs since November, 22, due to moderate support of strong US macroeconomical data publication. In addition, the correctional moods, connected with the restoration of US bonds’ yield, are developing.
Today the pair continues to reduce under the influence of weak European statistics.
On the daily chart the pair is growing toward the middle line of Bollinger Bands, indicator’s cloud is narrowing. MACD histogram is around the zero line, the signal line is ready to cross the zero one downwards, after which the sell signal will be received. Stochastic exit the oversold area…
Yesterday PayPal stocks fell by 5.84% due to the general correction of the payment systems sector stocks: Visa decreased by 3.09%, Mastercard went down 3.8%. Since the beginning of 2017, PayPal stocks’ growth dynamics is the best among its direct competitors, as the increase if more than 85.5%.
Upward momentum of the pair maintains, in the end of the trading week it strengthened due to growth of demand on the British currency.
The stock of Wal-Mart gained over 8.5% after the release of a strong quarterly report in mid-November. The revenue of the trading giant grew by 4.2% YoY to $123.2 bln exceeding the expectations of The Wall Street.