Elliott Wave Analysis: USD/CAD Intra-day Rally
USDCAD is recovering in a wave C as part of a bigger, bullish recovery. We know that wave C is a motive waves, so five legs are expected, before a top can be seen and a reversal may follow. Ideally...
Dollar Attempting to Rise in Mixed Holiday Markets, Near Term Resistance Still Holds
The forex markets are rather mixed and quiet today. Trading has also become a bit subdued as US is on Martin Luther King day holiday. But UK Prime Minister Theresa May’s Brexit plan B might still trigger some volatility. For...
How to Read Currency Pairs: Forex Quotes Explained
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USD/CAD Bullish Bias Above 1.3250
Pivot (invalidation): 1.3250 Our preference Long positions above 1.3250 with targets at 1.3300 & 1.3320 in extension. Alternative scenario Below 1.3250 look for further downside with 1.3235 & 1.3220 as targets. Comment The RSI is above its neutrality area at...
European stocks fall as China posts slowest growth in nearly three decades; Henkel down 9%
European stocks traded lower on Monday, after fresh data from China showed its economy grew at its slowest pace since 1990. The pan-European Stoxx 600 index sank around 0.3 percent, with most sectors and major bourses in the red. Market...
Chinese Data Show Stabilization Sign, UK May’s Brexit Plan B Awaited
The financial markets are rather quiet today. Asian stocks trade higher despite data showing China’s growth in 2018 slowed to lowest since 1990. But December data painted a picture of stabilization. Also, there is optimism on US-China trade talks, despite...
ECB Preview – ECB to Turn More Dovish as Economic Data Surprise to Downside
We expect ECB to turn more dovish at the meeting later this week, as economic data have pointed to further weakness. There are several issues worth watching for the meeting: rhetoric on economic outlook, instruments to alleviate tightening of credit...
Barclays-backed online lender MarketInvoice gets $72 million in funding
British lending start-up MarketInvoice said Monday that it secured £56 million ($72 million) in a mix of equity and debt funding from investors. The London-based financial technology firm lets small-to-medium enterprises sell their unpaid invoices through an online platform to...
Jack Bogle’s last warning to the investment industry: “Don’t forget the little guy you serve”
In his last book, “Stay the Course,” Jack Bogle left investors and professionals a warning about a coming battle in investment management. He had been watching closely over the past few years as a growing number of academics raised questions...
Trade Optimism Lifted Stocks, Yields and Dollar
Brexit and US-China trade negotiation were the two major themes last week. After a week of drama, it’s still unclear exactly what kind of Brexit deal would get through the Parliament. There’s some anticipation for UK Prime Minister Theresa May...
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