USDCAD Faces Upside Risk On Price Rejection
USDCAD faces upside risk following its price rejection on Wednesday. Support comes in at the 1.3300 level where a break will aim at the 1.3250 level. Further down, support comes in at the 1.3200 level where a turn lower may...
Democrats want to force businesses to contribute to retirement plans
Democrats aren’t just pushing for a higher minimum wage. Now they’re talking about “minimum retirement.” Sens. Chris Coons of Delaware and Amy Klobuchar of Minnesota planned to introduce a bill Thursday that would make companies contribute to employee retirement plans....
Dollar Higher on Jobless Claims, Cautious ahead of Trump-Liu Meeting and NFP
Dollar rises broadly in early US session as partly helped by pleasant surprise in initial jobless claims, which fell to lowest since 1969. But gains are so far limited as markets are awaiting meeting between Trump and Chinese Vice Premier...
Jamie Dimon: ‘The social needs of far too many of our citizens are not being met’
America is the richest country in the history of the world, but stagnant wages and lack of opportunity have left too many behind, J.P. Morgan Chase CEO Jamie Dimon said in his annual letter to shareholders Thursday. “Forty percent of...
Central Bank Intervention in the Foreign Exchange Market
Foreign Exchange Interventions by Central Banks: Main Talking Points Central banks often deem it necessary to intervene in the foreign exchange market to protect the value of their national currency. Central banks can achieve this by buying or selling foreign...
DAX Approaching 12,000 as Trade Optimism Climbs
It’s been up, up up for the DAX index. Currently, the DAX is at 11,962, up 0.07% on the day. The DAX has soared 3.7% this week, and the index is at its highest level since October 2018. In economic...
US weekly jobless claims drop to the lowest level since 1969
The number of Americans filing applications for unemployment benefits dropped to a more than 49-year low last week, pointing to sustained labor market strength despite slowing economic growth. Initial claims for state unemployment benefits declined 10,000 to a seasonally adjusted...
AUD/USD Outlook: Recovery Fails Again At 55SMA
The Aussie dollar eases to 0.7100 zone following little benefit from renewed risk mode on signs of progress of US/China trade talks, as upside attempts were capped for the third consecutive day at 0.7130 zone and repeatedly failed to clearly...
Markets Mixed as US-China Trade Talks Enter into Final Stage
Chinese stocks extend recent rally on news that US-China trade negotiation are completing its final stage. There could even be an announcement of Trump-Xi summit today and Trump meets Chinese Vice Premier Liu He. However, outside China, the markets are...
Elliott Wave View Looking For Further Correction In Gold
Elliott Wave view suggests that Gold has ended cycle from August 16, 2018 low ($1160.37). The yellow metal is currently correcting that cycle as a zigzag Elliott Wave structure. Down from Feb 20, 2019 high, wave A ended at $1281.01...
Signal2forex.com - Best Forex robots and signals




