Elliott Wave Analysis: AUDUSD Dropping Temporarily; 0.690 in View!
Aussie is dropping as expected from the 0.688 level where a temporary top for wave a)/i) of a three-wave move had been located. Current three-wave drop can now be labelled as wave b)/ii), with possible support, and turning point zone...
Canadian Dollar Jumps on CPI, Dollar Mixed Awaiting FOMC Guidance
Canadian Dollar jumps broadly in early US session, after stronger than expected inflation data remove another reason for BoC rate cut. Though, for now, Loonie is overshadowed by Sterling and Swiss Franc, which are the strongest ones. Meanwhile, risk appetite...
On-Target Inflation Means Less Pressure on BoC
Headline inflation was stronger than expected, rising to 2.4% in May BoC core measures averaged 2.1% (had been 1.9-2.0% for past 15 months) Most major components—particularly food and transportation—showed a pickup in y/y inflation Today’s stronger-than-expected inflation data will still...
Stocks making the biggest moves premarket: Southwest, Winnebago, Adobe, US Steel & more
Check out the companies making headlines before the bell: Southwest Airlines – The airline raised its full-year revenue for revenue per available seat mile, owing to what it calls “solid” demand. The airline said fuel efficiency is down, however, due...
Intermarket Analysis with Samantha LaDuc | Podcast
Key points covered in this podcast – Why intermarket analysis can be worthwhile for traders – The market opportunities to look out for this year – How to avoid the range of mistakes traders make Samantha LaDuc is a prominent...
GBP/USD Outlook: UK Inflation Below 2% Could Further Depress Pound
Cable is trading within narrow range in early European session and awaiting release of UK inflation data which are expected to provide fresh signal. The pair was so far unable to benefit from Tuesday’s bullish close (the first after five...
Sentiments Boosted by Trump and Draghi, But Traders Hold Their Bets ahead of FOMC
Market sentiments were given two strong boosts yesterday, first by ECB’s indication of monetary stimulus ahead, then by renewed optimism of US-China trade negotiations. Positive sentiments carried forward to Asian session, with strong rally seen in major indices. Though, reactions...
Risk Appetite Rallies On Hopes Surrounding Trump Xi-Meeting | NZD, CNH
Reports that Trump and Xi are to meet at next week’s G20 meeting provided a welcome boost for sentiment, seeing USD/CNH fall to a 3-week low amid its most bearish session in two months. As per usual, Trump took to...
Stocks making the biggest moves after hours: Adobe, US Steel, and more
Traders work the floor at the NYSE in New York. Brendan McDermid | Reuters Check out the companies making headlines after the bell: Shares of Adobe jumped nearly 3% during extended trading after the technology company reported $1.83 in adjusted...
Ron Insana: Trump needs to stop fighting central banks, who are trying to keep the economy afloat
Jerome Powell, chairman of the U.S. Federal Reserve, right, walks with Mario Draghi, president of the European Central Bank (ECB), during the spring meetings of the International Monetary Fund (IMF) and World Bank in Washington, D.C., U.S., on Friday, April...
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