Category Archives: Stock News

AUD/USD eases from two-month peak on modest USD strength, downside seems cushioned

AUD/USD witnesses a modest pullback from the vicinity of a two-month high set on Thursday. The USD short-covering move is seen as a key factor exerting downward pressure on the pair. The risk-on impulse offers some support to the risk-sensitive aussie and limits the downside. The AUD/USD pair faces rejection near a technically significant 200-day… Read More »

Should You Add to Your Losing Positions?

Scaling into losing positions helps traders “average down” their buying price before the asset eventually goes their trades’ way. But scaling is not for everyone. After all, you’ll never be sure that the asset will eventually trade your way. Will you still be able to make good trading decisions if price continues to trade against… Read More »

Chicken Soup for the Soul (CSSE) stock down 10% after earnings

CSSE stock tanked 10.4% in Friday’s premarket. Chicken Soup for the Soul reported a wide GAAP loss of $-1.39 in Q2. CSSE just concluded its acquisition of Redbox on Thursday.   Chicken Soup for the Soul (CSSE) stock is down 10.4% in Friday’s premarket a day after it reported second quarter earnings that wildly missed forecasts.… Read More »

USD/CAD steadily climbs to daily high, up a little around 1.2775 amid modest USD strength

USD/CAD attracts some dip-buying on Friday amid a modest pickup in the USD demand. The prospects for additional Fed rate hikes, elevated US bond yields benefit the greenback. The recent rally in oil prices could underpin the loonie and keep a lid on any further gains. The USD/CAD pair rebounds a few pips from the… Read More »

Gold Price Forecast: XAU/USD remains on the defensive amid modest USD strength, risk-on

Gold edges down for the third straight day amid a modest pickup in the USD demand. The risk-on impulse further exerts some downward pressure on the safe-haven metal. The uncertainty over the size of further rate hikes caps the USD and extends support. Gold slips into negative territory for the third straight day on Friday… Read More »