US: Steady Gain in Consumption in September
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...
Yen Jumps on Renewed US-China Trade Concerns, Dollar Extends Post FOMC Selloff
Yen rises notably today as focuses turn back to US-China trade negotiations after central bank activities and economic data releases. There are renewed concerns that even if a phase one deal could be reached, the next phase(s) would be very...
Only one major analyst was not impressed by Apple’s results and here’s what has him worried
Tim Cook, chief executive officer of Apple Inc., speaks about the new iPhone Pro during an event at the Steve Jobs Theater in Cupertino, California, U.S., on Tuesday, Sept. 10, 2019. Apple unveiled the iPhone 11 that will replace the...
AUD/JPY 4H Chart: Slight Upside Move Still Likely
Upside risks have been dominating the Australian Dollar against the Japanese Yen since October 10 after the currency pair made a U-turn from the lower boundary of an ascending channel pattern at 72.00. Bullish momentum will likely continue to dominate...
US Dollar Falls As Fed Makes Third Rate Cut
The US dollar declined sharply after the Federal Reserve delivered the third rate cut of the year. The bank slashed rates by 25 basis points and signaled that it was done with rate cuts this year. In a statement, Jerome...
Dollar Dives as Non-Committal Powell Dissatisfied Bulls, Aussie Shines
Both Dollar and Canadian are under tremendous selling pressure after respective central bank announcements overnight. Fed chair Jerome Powell did signal a pause after yesterday’s rate cut. Yet, his message was too non-committal and let Dollar bulls dissatisfied. On the...
Europe’s retail FX CFD ban ‘ineffective’ before being scrapped
Poland’s financial supervision authority Komisja Nadzoru Finansowego (KNF) The European Securities and Markets Authority (Esma) recently confirmed it would not renew the temporary restriction on the marketing, distribution or sale of CFDs to retail clients in the EU. A spokesperson...
Elliott Wave View: Nikkei Incomplete Bullish Sequence Favors More Upside
Nikkei incomplete sequence from December 26, 2018 low and August 26, 2019 low, favoring further upside. A 100% Fibonacci extension from August 26, 2019 low comes at 23360 while 100% extension from December 26, 2018 low comes at 23380. Until...
Turning Dovish, BOC Discussed about Insurance Rate Cut for First Time In October
BOC turned dovish in the October meeting, while maintaining the policy rate unchanged at 1.75%. For the first time, the central bank discussed about “insurance” rate cut, citing trade war’s damage to business investment and exports. The announcement sent the...
Fed Signals to Pause after a Third Rate Cut
FOMC delivered a hawkish cut at the October meeting. The central bank lowered the Fed funds rate, by -25 bps, to 1.5-1.75%. Yet, the Fed removed the language that it will act to sustain expansion at the forward guidance. This...
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