Go-Forward Risks Remain – Current Growth Trends Still Solid
The US Fed and Bank of Canada still remain firmly focused on go-forward risks to growth from the US-China trade-war. The Fed cut rates for the third time in the last three meetings on October 30. The Bank of Canada...
Is USD/CNH about to Reverse and Head towards New Highs?
According to Wikipedia, “The Elliott wave principle is a form of technical analysis that finance traders use to analyze financial market cycles and forecast market trends by identifying extremes in investor psychology, high and lows in prices, and other collective...
It’s getting to be the best time of year for stocks, and the Dow could soon set a new high
Traders and financial professionals work on the floor of the New York Stock Exchange (NYSE) at the opening bell on August 19, 2019 in New York City. Drew Angerer | Getty Images As November unfolds, stocks should continue to make...
NBC is leaning toward making its Peacock streaming service free to everyone
Comcast’s NBCUniversal is considering making an ad-supported version of its Peacock streaming service free for everyone, bucking the trend of charging for streaming products, according to people familiar with the matter. It would be the first free streaming on-demand video...
Market Brief: Rebounding on Goldilocks Payrolls and a China Surprise
Stock market snapshot as of [1/11/2019 1:40 PM] U.S. equities extend gains made by futures markets in the wake of higher than forecast U.S. payrolls, as do European shares. Ahead of the readings, participants had partially discounted the importance of...
Week Ahead – RBA to Hold Rates But BoE Could Signal Policy Shift; Trade and Services PMIs in Focus
As the Fed and the ECB signal they may be done with policy easing for now, the Reserve Bank of Australia may follow suit, but the Bank of England could be a late joiner to the easing club. Apart from...
Dollar Rebounds on NFP, But Upside Capped by Unemployment Rate and Wage Growth
Dollar rebounds notably in early US session after stronger than expected non-farm payrolls report. But there is no clear follow through buying yet as wage growth missed. Also, at this point, New Zealand Dollar and Sterling are the strongest ones...
USD/JPY Outlook: Bears On Hold After Strong Acceleration On Thursday, Weak NFP Could Further Pressure The Greenback
The pair is consolidating within tight range above new three-week low on Friday, following Thursday’s 1.07% drop (the biggest one-day fall since August. The greenback was hit by dovish Fed and yen appreciated from unchanged BoJ but Japanese currency accelerated...
USD/CAD’s Rebound Looks Fragile Near Long-Term Trendline
USDCAD is pushing efforts to return above the long-term support trendline drawn from the trough of 2017 after rebounding on the three-month low of 1.3041. But the technical indicators have yet to send a clear bullish signal as the RSI...
GBP/NZD 1H Chart: Bulls Could Prevail
The British Pound continued to appreciate against the new Zealand Dollar. As apparent on the chart, the GBP/NZD exchange rate has already surpassed the psychological level at 2.0000. Note that the currency pair is supported by the 55-, 100– and...
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