USD/CAD In Battle With 1.3340 Familiar Resistance
USD/CAD gathered strong bullish momentum on Wednesday and is currently trading near the key 1.3340 resistance level, which the bulls could not successfully overcome for more than three months now. Technically there is more bullish fuel in store as the...
USD/JPY Is Neutral Prior To The NFP
The USD/JPY is neutral prior to the NFP. Today’s NFP should spark volatility in markets. Average Hourly Earnings m/m, Non-Farm Employment Change and Unemployment Rate are released the same time. USD/JPY price action will depend on the data, not just...
Crude Oil: Oil Trading Higher, Ahead Of Baker Hughes Weekly Rig Count Data
For the 24 hours to 23:00 GMT, Crude Oil declined 0.51% against the USD and closed at USD52.33 per barrel, amid ongoing worries over global demand. In the Asian session, at GMT0300, the pair is trading at 52.66, with oil...
U.S. Non-Manufacturing Sector Slows Significantly in September
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...
GBPUSD Rallies On Price Follow Through
GBPUSD rallied on Thursday as it followed through higher on the back of its Wednesday gain. Support lies at 1.2350 area with a break below that level turning attention to the 1.2300 level. Further down, support lies at the 1.2250...
GBP/USD Outlook: Fresh Advance Signals Possible Break of Four-Day Congestion
Cable accelerated higher in early US trading on Thursday, signaling possible break of four-day congestion, after long-tailed candles of past two days added to idea of bears’ stall. Fresh advance broke above Fibo barrier at 1.2349 (38.2% of 1.2582/1.2204) and...
Services survey shows economy is weaker than expected amid slowdown fears
The services sector continued its expansion in September but at a considerably slower pace than expected, according to the ISM Non-Manufacturing Index released Thursday. The closely watched measure came in at 52.6, compared with an expected reading of 55.3 from...
Sterling Rebounds as Johnson’s Brexit Plan Got Tories Backing
Sterling rebounds strongly as news emerged that UK Prime Minister Boris Johnson’s new Brexit plan is well received by Conservatives. The news is more than enough to offset poor PMI data released earlier today. New Zealand and Australian Dollars are...
Your first trade for Thursday, October 3
The “Fast Money” traders shared their first moves for the market open. Tim Seymour was a buyer of Google. Karen Finerman was a buyer of Delta. Dan Nathan was a seller of The Consumer Staples Select Sector SPDR Fund. Steve...
EURGBP Coiling Up In A Bullish Configuration Ahead Of U.K Services PMI
Short-term technical outlook on EUR/GBP Key Levels (1 to 3 days) – advertisement – Pivot (key support): 0.8870 Resistances: 0.9020 & 0.9060/9100 Next support: 0.8800/8785 Directional Bias (1 to 3 days) Bullish bias in any dips above the 0.8870 short-term...
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