WTI Oil Outlook: Improved Sentiment Keeps Oil at the Front Foot, But Directionless Mode Likely to Extend
WTI oil price is a tad lower on Friday, holding within narrow range under one-week high at $53.24, posted after 3.1% rally on Thursday. Oil was boosted by optimistic forecasts from International Energy Agency for supply deficit expected in Q2...
NZD/USD Analysis: Strong Bearish Sentiment Today
The New Zealand Dollar has plummeted about 101 base points against the US Dollar since the previous trading session. The currency pair breached the lower boundary of a descending channel pattern at 0.6800 during the Asian session on Friday. Given...
EURCHF Remains Cautiously Negative In Medium-Term
EURCHF remains on a soft footing, trading firmly below both its 50- and 200-day simple moving averages (MAs), which keeps the broader outlook cautiously negative. That said, a decisive break below the August lows of 1.1180 is required to signal...
USD/CAD – Canadian Dollar Edges Lower, US Retail Sales Expected To Slip
The Canadian dollar has ticked lower in the Friday session. Currently, USD/CAD is trading at 1.3389, up 0.24% on the day. On the release front, there are no Canadian events. In the U.S, the spotlight is on consumer spending. Retail...
USD/CAD Analysis: Likely To Maintain Trendline
The price movement of the US Dollar against the Canadian Dollar was guided by an ascending trendline. The currency pair tested the lower boundary of the trendline during the end of yesterday’s session. Everything being equal, it is likely that...
AUD/USD Analysis: Bears Market
The Australian Dollar has depreciated about 92 base points against the US Dollar since Thursday’s session. The currency pair dashed through a one-week trading range during the first part of today’s session. As for the near future, it is likely...
DAX Under Pressure Ss German, Eurozone Manufacturing PMIs Dip
The DAX index has lost ground in the Friday session, following the downward trend seen on Thursday. Currently, the index is at 10,793, down 0.15% on the day. In economic news, German and eurozone PMIs lost ground in November, pointing...
Weak Chinese Data Sent Asian Stocks and Aussie Lower
Asian stocks are under pressure today as weaker than expected data from China prompted growth worries. New Zealand and Australian Dollar are trading as the weakest ones for today. Sterling follows as the third weakest as UK Prime Minister Theresa...
ECB’s Reinvestment of QE Proceeds Would Well- Pass First Rate Hike. Growth Outlook Downgraded
ECB made a much of announcement at the December meeting. Yet, most of them had been widely anticipated by the market. What we want was confirmation. The members formally indicated that the asset purchase program (QE) would end by this...
Mexican banks lose some of their lustre
Mexico’s banks are facing a harder 2019 than they were expecting just a couple of months ago as the fallout from recent decisions from the country’s new president is digested by the markets. Since Andrés Manuel López Obrador (often called...
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