Canadian Dollar Listless as U.S. Consumer Inflation Within Expectations
The Canadian dollar is almost unchanged in the Tuesday session. Currently, the pair is trading at 1.3390, down 0.02% on the day. In economic news, U.S. there were no surprises from consumer inflation numbers. Core CPI edged down to 0.1%,...
US consumer prices rise for the first time in 4 months
U.S. consumer prices rose for the first time in four months in February, but the pace of the increase was modest, resulting in the smallest annual gain in nearly 2-1/2 years. The Labor Department said on Tuesday its Consumer Price...
WTI Oil Futures in Bullish Action But Confined to Narrow Range
WTI oil futures jumped to a new one-and-a-half-month high of 57.43 earlier on Tuesday, remaining above the 23.6% Fibonacci retracement level of the upward movement from 51.60 to 57.85 around 56.37 and the 57.16 strong support level. The price has...
EURUSD Approaching Corrective Target
The euro has continued to advance against the US dollar during the European trading session, with the pair approaching its initial corrective target. If buyers force price above the 1.1290 level, further upside towards the 1.1325 resistance level still remain...
Mustier pins UniCredit’s hopes on buybacks and pay-outs
Jean Pierre Mustier is pinning his hopes on share buy-backs and dividend buy-outs in UniCredit’s latest three-year plan, as he tries to convince investors to look beyond its falling return on equity. The chief executive’s new plan, unveiled at the...
Pound Surges on Brexit Breakthrough, Yen Lower as Risk Appetite Returns
Sterling made a massive come back and is trading as the strongest one for today, as boosted by breakthrough in Brexit. At least, UK Prime Minister Theresa May believe she got important legally binding changes that’s adequate to satisfy the...
Elliott Wave View: EUR/JPY Should Extend Lower
EURJPY has ended the cycle from Jan 3, 2019 low at 127.5. We label this rally from Jan 3 to March 1, 2019 as wave ((X)). This means the pair is in the initial stage of turning lower and eventually...
Brexit Update: Pound Jumps Ahead Of Meaningful Vote
The ‘meaningful’ parliamentary vote on UK Prime Minister Theresa May’s revised Brexit deal is potentially the main fundamental event of the week, which takes place tomorrow. While we will have a handful of potentially market-moving numbers to look forward to...
British Pound Produces Sterling Performance
British pound produces sterling performance As the first of a probable three key UK Parliament Brexit votes begins today, the markets have assumed the inevitable outcome will be a request for the European Union to extend the Article 50 leaving...
Stocks making the biggest moves after hours: Stitch Fix, Coupa Software and more
Check out the companies making headlines after the bell: Shares of Stitch Fix surged more than 20 percent in extended trading Monday following the release of the personal styling company’s better-than-expected second-quarter earnings and strong full-year outlook. Stitch Fix posted...
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