Week Ahead – Focus on Manufacturing PMIs in Subdued Holiday Week
The economic calendar will only marginally get busier in the coming week and trading volumes are not expected to pick up much as New Year celebrations get underway. However, key manufacturing gauges out of China and the United States could...
Stocks making the biggest moves premarket: Apple, Boeing, Tesla & more
Check out the companies making headlines before the bell: Anixter International – Anixter continues to be the subject of a bidding war, with Wesco International increasing its bid for the networking equipment maker to $93.50 per share in cash and...
EURUSD Risk Continues To Point Higher On Rally
EURUSD with the pair continuing to retain its upside pressure following a rally on Friday, more strength is expected. Resistance comes in at the 1.1200 where a break will turn risk to the 1.1250 level. A breach below here will...
Dollar Selloff Accelerates, Sterling Staging a Comeback
Dollar’s selloff continues today and is accelerating. Solid risk appetite isn’t a friend of the greenback this time, nor the Yen which is the second weakest. Sterling is staging a strong rebound as it seems that recent pull back has...
Risk Appetite Still Finding Legs
Notes/Observations Awaiting US-China to organize a trade-deal signing ceremony Europe returns from extended Christmas holiday Asia: Japan Nov Jobless Rate matched a 27-year low ( 2.2% v 2.4%e) Japan Dec Tokyo CPI Y/Y: 0.9% v 0.9%e; CPI Ex-Fresh Food, Energy...
Gold and Stocks March Higher as Dollar Bleeds
US equities reach new peaks, but dollar can’t stay afloat Gold shines even brighter heading into year-end Aussie and kiwi make a comeback, both scale 5-month peaks Stocks push even higher as Amazon soars, dollar retreats Financial markets remain in...
USD/CAD Should Continue Below 1.3100
The USD/CAD has formed a bearish continuation pattern and we might expect a break below 1.3100. If the price manages to stay below 1.3100 we should see another wave of sellers. The POC zone 1.3100-10 is showing a potential rejection...
AUDUSD Extends Winning Streak But Rally at Risk of Being Overstretched
AUDUSD surged to a 5-month high of 0.6954 on Friday as the pair looked set to post a seventh straight session of gains. However, although the technical indicators suggest there’s plenty of positive momentum remaining to sustain the rally, there...
Oil Price Outlook: More Gains in The Coming Sessions Expected
Crude oil price started a strong rise above the $60.00 resistance area against the US Dollar. The price gained strength above $60.50 and even climbed above the $61.00 level. Moreover, there was a close above the $61.00 level and the...
USD/JPY Sighting Crucial Upside Break
Key Highlights USD/JPY is likely to accelerate gains if it clears the 109.80 resistance area. A strong support base seems to be forming near 109.20. The US Initial Jobless Claims for the week ending Dec 21, 2019 declined from 235K...
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