GBPCAD is Neutral in Very Short-Term; Advances are Expected
GBPCAD has been on the sidelines for the most part of the week as the 1.7130 level seems to be a real struggle for the bulls. Technically, the price could lose some ground in the short-term as the RSI is...
Why the market may be one headline away from another ugly sell-off
A top market strategist has a message for investors: Don’t get too comfortable with the latest market rally. As long as trade jitters are present, Wells Fargo Investment Institute’s Scott Wren believes stocks are vulnerable to another ugly drop. “You’re...
EUR/USD Outlook: The Euro Consolidates Above Key Supports After Strong Upside Rejection, ECB Policy Meeting Eyed For Fresh Signals
The Euro attempts to stabilize above 55SMA (1.1214) after Wednesday’s strong upside rejection (1.1306) and subsequent pullback that left bearish daily candle with long upper shadow. Repeated failure to clear key barriers, provided by daily cloud top/100SMA (1.1277) despite spike...
Dollar Recovered From Overly Bearish Sentiments as Focus Turns to ECB
Dollar tried to stage a reversal overnight after initial selloff, but upside is so far limited and there is no confirmation of bottoming yet. There are a couple of factors behind the move. Post ADP employment decline was largely undone...
Fed Beige Book Points to Modest Economic Expansion from April to Mid-May, But Uncertainty Has Risen
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...
Stocks making the biggest moves after hours: Cloudera, Stitch Fix, Five Below and more
Tom Reilly, chief executive officer of Cloudera Inc., stands during the company’s initial public offering (IPO) on the floor of the New York Stock Exchange (NYSE) in New York. Michael Nagle | Bloomberg | Getty Images Check out the companies...
The economy is slowing, but not as bad as Wednesday’s private payrolls report suggests
ADP’s shockingly bad payroll data released on Wednesday may be overstated. Economists say ADP’s monthly report does not always line up with the government jobs report, and so far they have not pared back expectations for Friday’s government nonfarm payrolls...
Spot Gold Spikes to 3-Mth High on Risk Aversion and Signals of Fed Rate Cut
Spot gold spiked to three-month high at $1344 on Wednesday, extending strong rally from last Thursday’s low at $1275 and approaching key short-term barrier at $1346 (2019 high, posted on 20 Feb). Fresh advance is on track to fully retrace...
Elliott Wave Analysis: Weakness on Gold Around The Corner!
GOLD is trading higher, now unfolding final stages of a wave five as part of a higher degree wave iii of a bigger bullish cycle. We labelled possible turning point regions for the metal, which are at 1345/1351 area, where...
USD/CAD Outlook: Loonie Advances Further on Dovish Fed and Downbeat US ADP Jobs Data
The pair holds firmly in red and extends weakness for the third straight day, to crack pivotal Fibo barrier at 1.3375 (38.2% of 1.3068/1.3564) on Wednesday. The greenback fell across the board on dovish steer from Fed and was additionally...
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