USD/CAD Target At 1.3371
The US Dollar has been trading in a junior ascending channel pattern against the Canadian Dollar since the beginning of February. The currency pair breached the monthly pivot point at 1.3302 during yesterday’s session. Given that the currency exchange rate...
NZD/USD Remains Near 50-Hour SMA
The New Zealand Dollar appreciated about 56 base points against the US Dollar on Thursday. The currency pair tested the upper boundary of a junior descending channel pattern at 0.6855 during Thursday’s trading session. As for the near future, it...
Yen Strikes Back and Investors Dissatisfied With Lack of Trade Talk Progress
Yen is making a strong come back today and surges broadly. Investors are clearly unhappy with the lack of concrete progress with US-China trade negotiations. Sterling follows as the second strongest but it’s just recovering some of this week’s losses....
GBP/JPY Sellers In Control
Short term Elliott wave view in GBPJPY favors further downside due to the 5 swing sequence from Jan 26 high (144.84). We are calling the structure of the decline from 144.84 as an Impulse Elliott Wave. An impulse is a...
Singapore’s government will likely spend big ahead of an upcoming election
With an election looming, the Singaporean government is expected to announce on Monday a “generous” budget that subsidizes health care and other costs of living for a substantial portion of the population. “Budget 2019 will likely be generous and expansionary,...
Chinese ride-hailing giant Didi to lay off 15% of its workforce
Chinese ride-hailing giant Didi Chuxing is planning to lay off about 2,000 people, or 15 percent of its workforce, this year, a source familiar with the situation said Friday. That confirmed earlier Chinese media reports that Didi CEO Cheng Wei...
Santander non-call becomes a non-event
On February 12, Banco Santander did not call a perpetual instrument that many in the market had expected it not to call. The price of those bonds briefly dipped from their pre-announcement level of 98.7 cents to just below 97c...
Stocks making the biggest moves after hours: Nvidia, Truecar, CBS and more
Check out the companies making headlines after the bell: NVIDIA shares jumped more than 9 percent after hours Thursday based on the chip company’s better-than-expected fourth-quarter earnings. The company posted earnings of 80 cents per share on revenue of $2.21...
Backlash brews against digital behaviour
In mid February, UK fintech company Revolut hit the headlines when it allegedly used customer data for a controversial ad campaign. Strewn across the London underground, Revolut used various alleged statistics on their customers’ spending habits to show how many...