China Weekly Letter – Will the Tech War Threaten a Trade Deal?
US-China ceasefire off to a rocky start – but we still look for a deal in 2019 The US-China trade deficit at a new high in October as China cuts imports China PMI surprised to the upside but we see...
Forex Candlesticks: A Complete Guide for Forex Traders
What are candlesticks in forex? Forex candlesticks provide a range of information about currency price movements, helping to inform trading strategies Trading forex using candlestick charts is a useful skill to have and can be applied to all markets What...
Bitcoin price pain continues as the cryptocurrency plummets to a 15-month low
This week brought more bad news for bitcoin investors. The world’s largest cryptocurrency fell as much as 11 percent to a low of $3,293.31 on Friday, its lowest level since September 2017, according to data from CoinDesk. Over the past...
Black unemployment rate falls to 5.9%, ties record low hit earlier this year
The employment picture for black Americans is better than ever. On Friday, the rate of unemployed Africans Americans in the United States fell 0.3 percent to 5.9 percent, a tying a new record low reached in May. A better unemployment...
USD/CHF Tumbles on Softer US Jobs and Wage Data
A wrath of US economic data painted the picture that US economy is slowing, propping up expectations that Fed will dial back their rate hike expectations at the December 19th meeting. The headline nonfarm payroll printed 155,000 jobs, a miss...
USDZAR Still Negative, Approaches Downtrend Line
USDZAR continues to print lower lows and lower highs on the daily chart below a downtrend line drawn from the highs of September 6. Hence, the broader picture remains negative for now. For it to turn neutral, it would require...
Canadian Dollar Strikes Back on Stellar Job Data, Dollar Shrugs NFP Miss
Dollar spikes lower in early US session after non-farm payroll report showed lower than expected job and wage growth. That adds to argument that the momentum US job growth has peaked. Nevertheless, there is no follow through selling in the...
EURNZD Rebounds on 14-Month Low, Regaining Ground
EURNZD created a strong negative rally over the last two months, after the pullback on the three-year high of 1.7925. Looking at the very short-term, the price has been moving higher since yesterday finding support on the 14-month low of...
DOW JONES Outlook: Dow Maintains Negative Tone Despite Thursday’s Hammer Ahead Of US NFP Data
Dow is consolidating within narrow range and low-volume trading on Friday, following sell-off on Thursday, triggered by arrest of Huawei CFO. The fall found footstep just ticks above previous low at 24246 (23 Nov) ahead of strong rebound, which eased...
Chancellor Merkel’s CDU Party To Elect New Leader Today
German politics is in flux. The Grand Coalition of the CDU, CSU and SPD parties has weakened following regional elections in October that saw CSU leader Horst Seehofer having to step down. Now, Chancellor Angela Merkel’s party, the CDU, is...
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