Cryptos crash but never die, and funds of funds can profit
On July 6, the Financial Conduct Authority (FCA), licensed Crypto Facilities, the largest cryptocurrency futures exchange in Europe, as a fully recognized multilateral trading facility (MTF). The company – which offers a venue for leveraged, cash-settled futures contracts to traders...
USD/CAD Quiet as US Inflation Recovers
USD/CAD continues to drift this week. On Tuesday, the pair is trading quietly at 1.3615. On the fundamental front, US inflation improved in June and beat the forecasts. There are no Canadian releases on the schedule. On Wednesday, the Bank...
WTI Oil Outlook: Concerns of Slowdown in Global Demand Recovery Pressure Oil Price
WTI oil remains at the back foot on Tuesday and establishes below $40 level, as sentiment weakened on news of new restrictions in California due to increased number of infections. Rising concerns that this would have stronger impact on demand...
Aussie May Drift Lower after Employment Report
June’s employment report for Australia is likely to catch investors’ eyes on Thursday 0030 GMT as the nation’s economy tumbled into a recession in the first half of the year. However, Australia avoided the high Covid-19 cases of other countries, recording...
Silver Looking for a Top – Elliott Wave Analysis
Silver is recovering in a five-wave movement from the 11.60 level. We see wave 5 now underway, which is final wave of an uptrend, and which can look for resistance and a temporary top at the 19.30/19.8 region. Once wave...
Gasoline, food boost U.S. consumer inflation in June
U.S. consumer prices increased by the most in nearly eight years in June as businesses reopened, but the underlying trend suggested inflation would remain muted and allow the Federal Reserve to keep injecting money into the ailing economy. The Labor...
Euro Surges in Indecisive Markets, Sterling Stays Weak
Risk sentiments continues to be weak today but selloff in the stock markets is so far limited. Euro rides on the indecisive markets and surges broadly today, with help by strong rally against Sterling. Swiss Franc is following as the...
EUR/JPY Buying Signals
The common European currency surged by 110 basis points or 0.91% against the Japanese Yen on Monday. The currency pair breached the weekly R1 at 121.77 during yesterday’s trading session. All things being equal, the EUR/JPY exchange rate will most...
Sentiments Turning on Lockdown Concerns, Sterling Down on Weak GDP Rebound
Sentiments seemed to have a turn as surge of coronavirus cases in the US pushed California back into lockdown. Asian markets are under some selling pressure. But the more indicative development was the sharp -2.13% decline in NASDAQ overnight. It...
ECB Preview – Sounding Cautiously Optimistic on Economic Recovery
After the big move in June, ECB is likely to keep its powder this month. At this week’s meeting, we expect the central bank to acknowledge the improvement in economic activities, mainly driven by consumption. However, the members will remain...