The increasing demand for safe haven assets, including the dollar, weighs on the pair. If the market sentiment doesn’t improve, which is unlikely, the pair will resume falling amid the second wave of COVID-19 in Europe and the uncertainty around the presidential election in the US.
Technical side:
The …
Thursday, October 29th, today’s news—combined market value of American tech giants dropped $270 in the last two days, but the markets start to rebound. Dow went up 200 points, European markets rise slightly on positive earnings, Shell increased dividends after reporting better-than-expected profits, but oil is still falling, dollar is …
Cisco share fell below the support level of 38.50, as it closed yesterday's trading below this level, in continuation of its bearish path.
The trades stabilized below the MA 50, which is pressuring the price for a further decline, which supports expectations for further decline in the upcoming sessions, and …
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