Restive Cameroon still a high-risk option
Cameroon’s military are conspicuous under a campaign poster for president Paul Biya Cameroon finally held its repeatedly postponed legislative and municipal elections in February for the first time in seven years. It came amid the continuing swell of separatist fervour...
Coronavirus could trigger a worrying psychological change in US consumers, economist says
The rising numbers of coronavirus cases outside of China could trigger a psychological change in consumer behavior that ultimately damages the U.S. economy, an economist told CNBC. Speaking to CNBC’s “Squawk Box Europe” Thursday, Michelle Girard, chief U.S. economist at...
January pending home sales jump more than expected, up 5.2%
A single family home is shown for sale and in escrow in San Marcos, California. Mike Blake | Reuters Pending home sales in January rose 5.2%, the National Association of Realtors said Thursday, crushing analysts’ expectations of a 2% monthly...
CADJPY Faces Selling Pressure after Touching 1-Year High
CADJPY has been in the red over the last four days, but it is still trading within an upward sloping channel, which has been holding since September 2019. The latest drop started after the pair found a wall at the one-year high of 84.75....
U.S. Economic Growth Unchanged in the Fourth Quarter at 2.1% Annualized
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...
Euro Surges as Markets Reprice Coronavirus Impacts, Risk Aversion Continues
Global stock market crash on fear of Wuhan coronavirus pandemic continues today, while treasury yields are pressured too. Euro and Swiss Franc are currently the strongest ones. There are a couple of explanations, like safe haven flows out of US,...
GOLD Could Soon Surge
After touching the 1,625.00 level for a second time on Wednesday, on Thursday, the commodity returned to trade near the 1,650.00 mark. In regards to the near term future, the metal was expected to end trading in this week’s range...
Swiss Franc Trading Higher This Morning
For the 24 hours to 23:00 GMT, the USD rose 1.33% against the CHF and closed at 0.9766. On the data front, Switzerland’s ZEW survey expectations unexpectedly dropped to 7.7 in February, defying market expectations for a rise to 13.6...
Elliott Wave Forecast: SP Futures ($ES_F) Downside Target
Short term Elliott Wave view in E-mini S&P 500 (ES_F) suggests the Index ended the cycle up from June 3, 2019 low in wave ((3)) at 3397.50 high. The index is correcting that cycle in wave ((4)) as a double...
Euro Gaining Upside Momentum While Coronavirus Fears Persist
Global coronavirus outbreak remain the main theme but markets are having kind of different reactions. US stocks extended this week’s steep decline overnight, down selling pressure seemed to have eased a bit. Nikkei is leading Asian markets low but Chinese...
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