The market rally will soon be tested by a big Trump speech and testimony from the Fed chief
President Donald Trump holds a campaign rally in Dallas, October 17, 2019. Jonathan Ernst | Reuters Progress in trade talks and a steady, but accomodative Fed policy have eased the way for the stock market’s rally to new highs, and...
JP Morgan’s top quant says the ‘once in a decade’ rotation into value stocks will continue
Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters The massive rotation into value stocks that rocked investors two months ago is going to extend into 2020, according to J.P. Morgan’s quant guru Marko...
Week ahead – German Recession, RBNZ Rate Decision, and a Flood of Data
The RBNZ will be the lone major central bank to decide on rates next week, but that doesn’t mean the schedule is light, as there’s an abundance of key economic data ripe for release. German growth figures will reveal if...
USD/CAD Outlook: Loonie Falls Further on Downbeat Canada’s Employment/Housing Data
The pair rose to new three-week high after downbeat Canada’s housing and employment data depressed loonie. Fresh advance (0.49% since Asian opening) broke important Fibo barrier at 1.3229 (61.8% of 1.3345/1.3041) and pressures next target at 1.3244 (daily cloud top)....
Silver Turns Bearish with Bears Pushing for Further Declines
Silver looks to be shifting to a bearish bias as it moves below the swing low of 16.85 from August 19. The commodity’s bearish state seems to be backed by the downward slopes in the Ichimoku lines and the 20-...
Canada: Hiring Takes a Pause in October
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...
Dollar Boosted by Yields, Canadian Weighed Down by Job Data
Dollar rises broadly today and it’s set to end as the strongest one. Strong rally in treasury yield, with 10-year yield now at 1.95, is giving the green back solid support. Stock futures point to mixed open, but could easily...
XAU/USD Outlook: Bears Look For Extension Below $1459 Pivot As Thick Daily Cloud Weighs
Spot gold bounced from new five-week low, posted after 1.5% fall previous day, but recovery was so far limited and stalled at $1472, maintaining firm bearish tone. The yellow metal was hurt by fresh optimism as US and China came...
EURUSD Under Pressure
The euro remains under downside pressure against the US dollar, with the pair slipping closer towards its short-term bearish objective. Weakness below the 1.1030 support level could see the EURUSD pair falling closer towards the psychological 1.1000 level. Overall, only...
USDJPY Holding Gains
The US dollar continues to hold onto its gains against the Japanese yen currency, following the recent technical breakthrough above the 109.00 level. USDJPY buyers are likely to target towards the 109.60 resistance level as the US session progresses. At...
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