USD/JPY Could Decline
Yesterday, the US Dollar consolidated against the Japanese Yen at 108.60. During Friday morning, the USD/JPY currency pair traded at 108.50. Note that the exchange rate is pressured by the 55-, 100- and 200-hour moving averages, currently located in the...
EUR/USD Outlook: The Downside Remains At Risk As Long As Daily Kijun-Sen Caps
The Euro advanced in early European trading on Friday, boosted by better than expected German data (GDP Q3 y/y 1.0% vs 0.5% f/c, Nov Manufacturing PMI 43.8 vs 42.9 f/c), but lower than expected services PMI (Nov 51.3 vs 52.0...
Fallout from US-China trade conflict could be ‘even worse’ than WWI, Kissinger says
Win McNamee | Getty Images BEIJING — The close economic and financial ties between the U.S. and China create potentially greater risks for America’s global clout if the two countries separate further. “We are still in the foothills of a...
Forex Markets Await Eurozone PMIs and Canada Retail Sales for Guidance
Sentiments remain generally cautious in Asian session today. Major indices are mixed following slight weakness in US stocks overnight. The Pound failed to break through near term resistance against Dollar for the second time and retreated. Euro’s rebound against Dollar...
Market Brief: Oil And Poloz Push USD/CAD Back Below 1.33
DISCLAIMER: The information and opinions in this report are for general information use only and are not intended as an offer or solicitation with respect to the purchase of sale of any currency. All opinions and information contained in this...
E-Trade shares fall on disappointment it’s not the one being bought by Charles Schwab
Pedestrians walk outside an E*Trade Financial office in New York. Daniel Acker | Bloomberg | Getty Images Retail broker E-Trade appears to have just lost the most recent battle in the brokerage wars. E-Trade shares fell more than 8% on...
Euro area PMIs: It’s a struggle
In the euro area, preliminary PMIs for November are due out at 09:00 GMT on Friday. The French and German numbers will be released a few minutes earlier, so any market reaction could begin with those. Forecasts point to an...
Sterling Regains Strength, Markets Unsure on US-China Trade Deal
The forex markets are rather mixed today even though stocks are generally in risk averse mode. Sterling regains some strength and takes Euro higher with it. Yet, there is no follow through buying through near term resistance against Dollar and...
US weekly jobless claims unchanged at five-month high
The number of Americans filing applications for unemployment benefits was unexpectedly unchanged at a five-month high last week, suggesting some softening in the labor market. Initial claims for state unemployment benefits were flat at a seasonally adjusted 227,000 for the...
Canada’s imperious risk rating is up for debate
Canada looks to be sitting pretty near the top of the global rankings, but the path ahead is slippery underfoot Canada is one of the world’s safer investments, commanding triple-A sovereign credit ratings for the past five years without a...
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