Société Générale targets transaction banking
According to Benoît Desserre, head of global transaction banking at Société Générale, 2018 was a “remarkable year” for the business. The bank’s net income in Western Europe (excluding France), Asia and the USA for transaction services rose by 16% –...
Soybeans Futures On Course for Possible Downward Movement
Soybeans futures pulled back on the medium-term ascending trend line and the 23.6% Fibonacci retracement level of the upleg from 8.1156 to 9.3045 near 9.0219, confirming the medium-term upside rally in the daily timeframe. Currently, the price is trading below...
Your first trade for Wednesday, February 27
The “Fast Money” traders shared their first moves for the market open. Tim Seymour was a buyer of GW Pharma. Brian Kelly was a buyer of the Regional Banking ETF. Karen Finerman was a buyer of Home Depot. Guy Adami...
Stering Extends Unstoppable Rally, Swiss Rises on Pakistan-India Tensions
After taking a brief Brexit, Sterling’s rally extends again today on optimism that risk of no deal Brexit is fading. Also, key figure of Brexiteer also expressed condition support for UK Prime Minister Theresa May’s Brexit deal. For now, with...
Canadian Dollar Slightly Lower ahead of CPI
The Canadian dollar has posted slight gains in the Wednesday session. Currently, the pair is trading at 1.3145, down 0.19% on the day. On the release front, Canada releases a host of inflation indicators, led by CPI. The key inflation...
USDCHF Risk Remains Lower Towards 0.9921 Support Zone
USDCHF risk remains lower towards 0.9921 support zone. Resistance comes in at the 1.0000 level. A break of here will clear the way for more gain towards the 1.0050 level. Above here, resistance lies at the 1.0100 level and then...
DAX Dips, German CPI Ahead
The DAX has dropped considerably in the Wednesday session. Currently, the DAX is at 11,511 down 0.56% on the day. In economic news, there are no major German or eurozone events. On Thursday, Germany releases Preliminary CPI. Risk appetite remains...
S&P 500 Turning Down
Pivot (invalidation): 2815.00 Our preference Short positions below 2815.00 with targets at 2781.00 & 2763.00 in extension. Alternative scenario Above 2815.00 look for further upside with 2831.00 & 2844.00 as targets. – advertisement –
Comment The RSI is bearish...
3 Types of Forex Analysis
Forex analysis techniques talking points: There are three general types of forex analysis traders use to anticipate market movements and analyse trends. Traders tend to use one or a combination of FX analysis methods to fit their personality and/or trading...
Yen & Dollar Recover as Markets Turned Cautious, Trump-Kim Summit & USTR Testimony Watched
Yen and Dollar trades mildly firmer today as markets turn cautious ahead of Trump-Kim summit. But the biggest risks could lie on US Trade Representative Robert Lighthizer’s testimony at the House Ways and Means Committee. After Trump postponed trade truce...