Dollar Recovers ahead of Job Data, But More Downside Still in Favor
Dollar recovers mildly today, continuing to stabilize from this week’s selloff. The greenback is staying in range established earlier except versus Canadian. There is some optimism on the outcome of US-Mexico negotiations. Or at least, tariffs won’t go up to...
ECB Not Dovish Enough – Low Rate to Stay until Mid-2020 and TLTRO Pricing Revealed.
We believe ECB’s more dovish tone in June is insufficient to stimulate the economy. As expected, ECB extended the timing that the historically- low interest would remain. It also released the pricing of the TLTRO-III. We were slightly disappointed that...
Economists: The Fed ‘isn’t enough’ to offset damage of tariff skirmishes with China and Mexico
Federal Reserve Board Chairman Jerome Powell at a news conference in Washington, DC, Jan. 30, 2019. Saul Loeb | AFP | Getty Images A dovish Federal Reserve can use tools such as rate cuts to lessen the damage of America’s...
Stocks making the biggest moves after hours: Beyond Meat, Zoom Video, DocuSign and more
Check out the companies making headlines after the bell: Shares of Beyond Meat soared 14% in extended trading on Thursday after the plant-based alternative meat company reported its first quarterly report since going public. The company reported revenue of $40.2...
The May jobs report is coming and economic reports don’t get much more important than this one
The economy was expected to have added a solid 180,000 jobs in May, but if the payroll number is much stronger or weaker than forecast, that could be a game changer for the markets and any consumers or businesses looking...
China Weekly Letter – Are We Heading for an All-Out Trade War?
There is no sign of improvement in the war of attrition between the US and China as the trade war widens in scope. Chinese PMI data for May is mixed but we expect more weakness in the short term. There...
How to Trade the Doji Candlestick Pattern
Doji Candlestick Trading: Main Talking Points The Doji candlestick, or doji star, is a unique candle that reveals indecision in the forex market. Neither the bulls, nor bears, are in control. However, the Doji candlestick has five variations and not...
CADJPY Remains in Bearish Phase
CADJPY has been finding strong resistance on the 38.2% Fibonacci retracement level of the downward wave from 89.25 to 76.60, near 81.42, falling beneath the 20-simple moving average (SMA) in the daily chart. Having a look at the momentum indicators,...
Euro in Range after Rough Ride on ECB’s Not Dovish Enough Meeting
It’s a roller coaster ride for Euro. It initially dipped after ECB said there will be no rate hike at least through mid 2020. Then it recovered and breaks yesterday’s higher against Dollar as the press conference and new economic...
Breaking Market Commentary: European Central Bank meeting
Another day, another downbeat assessment of the global economy that has been provided from a leading central bank. That is the message that the European Central Bank (ECB) has followed, in a week where interest rates have been cut in...
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