Technical Analysis Tips from Wall Street pro Helene Meisler | Podcast
Key points covered in this podcast – How to go beyond ‘chart reading’ and enrich your analysis – Why stocks considered ‘down and out’ might be good picks – The advantages of posting charts by hand Helene Meisler is an...
Stocks and Dollar Rally on Trade Optimism
The greenback and US stocks are poised for another weekly gain as trade talk progress appears to be gaining momentum, with negotiations continuing next week in Washington. Financial markets in the short-term are relieved the government will be funded, despite...
Canadian Dollar Steady, Investors Eye U.S. Consumer Confidence
USD/CAD is showing little movement in the Friday session. Currently, the pair is trading at 1.3282, down 0.08% on the day. On the release front, Canadian foreign securities purchases are expected to drop to C$7.6 billion. In the U.S., the...
US-China Trade Talks to Continue Next Week, Sentiments Lifted
Risk appetite seems to be given a lift again by words regarding US-China trade negotiations. There seems to be some consensuses and progress made even thought it’s unsure what they exactly are. Nevertheless, at least, trade talks will resume next...
Investors Sigh as Trade Talks Drag On; Gold Glitters
A sense of disappointment was felt across financial markets today after high-level trade talks between the US and China ended with no immediate announcement from either side. Although US Treasury Secretary Steven Mnuchin said the negotiations were ‘productive’, the amount...
USDCHF Edges Higher; Bullish Phase Remains Intact
USDCHF has moved considerably higher after the touch on the ascending trend line, recording a new three-month high of 1.0097 on Thursday. The price climbed well above the 20- and 40-simple moving averages (SMAs) in the daily timeframe, while the...
GBPJPY Tests the Lower Boundary of the Descending Channel
GBPJPY has been trading within a negatively sloping channel over the last three weeks, with the bears challenging the lower boundary today. Currently, the price holds well below the 20-and 40-simple moving averages (SMAs) in the 4-hour chart, which are...
DAX Jumps As Investors Remain Hopeful On US-China Trade Rift
The DAX has posted strong gains in the Friday session. Currently, the DAX is at 11,192, up 0.92% on the day. It’s a light day on the fundamental calendar, with no major releases. The eurozone trade surplus widened to EUR...
Don’t fret over Spain’s political risks, its economy is the big factor
The Spanish economy is standing firm, as the country weathers political problems to achieve a fifth consecutive year of growth. Spain’s economic recovery has been nothing short of remarkable, with 2018 proving to be a fifth consecutive year of growth...
EURUSD Further Weakness Expected
The euro continues to edge lower against the US dollar on Friday, with the single currency coming under selling pressure over fears about possible US trade tariff on German imports. The key technical support region to watch is 1.1260 level,...