CAD/JPY Bounces Off Support
Earlier, we reported that the EUR/JPY could make a comeback thanks to the ongoing rally in stock markets, boosting the appeal of XXX/JPY pairs. Another potential reversal may already have taken place in the CAD/JPY, ahead of Canadian CPI data...
XAU/USD Outlook: Spot Gold Falls to 4 1/2 Month Low, Pressured by Strong Risk Mode
Spot gold holds in red for the fourth straight day and accelerates lower in early US trading on Tuesday. Fresh weakness hit new 4 1/2 month low, marking daily loss of 0.93% until now. Solid economic data from major economies...
Canadian Manufacturing Sales Down in February, Led by Auto Sector
The information contained in this report has been prepared for the information of our customers by TD Bank Financial Group. The information has been drawn from sources believed to be reliable, but the accuracy or completeness of the information is...
Canadian Manufacturing Sales Edged Lower in February after January Jump
Headline nominal sales slipped 0.2% lower after a 0.8% January increase Controlling for price effects, the volume of sales fell 0.5% after a 1.5% increase in January. The drop in volume sales in February left the measure down slightly (0.2%)...
Citi’s trader firings reflect tougher regulators
Citi’s decision to sack eight Hong Kong traders, for being a principal in trades while saying it was only an agent, should be seen in the context of greater strength among Asia-Pacific regulators. Citi’s action followed an internal review rather...
WTI Oil Outlook: Pullback Holds above 10SMA ahead of Oil Inventories
WTI oil price holds slight bid tone on Tuesday following double downside rejection ($63.02/11 on Fri/Mon) and Monday’s close above 10SMA ($63.45) which also formed Hammer candle, generating initial signal of stall of pullback from $64.77 peak. Repeated close above...
Funds Flowing Out of Safe Haven Swiss Franc, Gold and Bonds
Funds are flowing out notably from safe haven assets today. Gold dives through 1280 handle and is resuming fall from 1346.71 high. German 10-year yield is up for another day at 0.067. US 10-year yield is also trading stronger at...
If Trump wins a second term, stocks would likely get a boost, Robert Shiller says
If President Donald Trump wins a second term, it could prolong the bull market and delay a recession, Nobel laureate Robert Shiller says. Shiller, who is known for his behavioral finance research, believes the president’s pro-business policies would resonate with...
GBPAUD Rebounds on 2-month Low; Downside Correction in Near Term
GBPAUD rebounded on the two-month low of 1.8195 on Monday, sending prices above the 38.2% Fibonacci retracement level of the upleg from 1.7220 to 1.8860, around 1.8195. The RSI is turning slightly higher approaching the 50 level, while the stochastic...
EUR/USD Completes Bearish ABC Correction In Uptrend
The EUR/USD is using the 21 ema zone as support. If price manages to stay above the support trend line (blue), then a bullish trend continuation is the mostly scenario. In that case, the Fibonacci targets could be in vision...
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