GBP/USD Outlook: Bulls Lose Traction On Approach To Key Barrier
Cable pulls back from new 1 ½ month high (1.2767) on Wednesday, as bulls started to lose traction on approach to key barrier at 1.2813 (10 Jun high). Tuesday’s break and close above 200DMA (1.2697) was strong bullish signal which...
Dollar Stays Pressured as Gold Targets 1920 Record High
There is no apparent slow down in rally in commodity currencies against Dollar, even though risk markets turned mixed in Asian session. Australian Dollar continues to lead the way higher. Canadian Dollar is also firm as WTI oil price breach...
USD Gets Crushed Against Its Major Pairs
USD gets crushed against its major pairs AUD/USD posts a large gain, a new uptrend may be in the works. The US Dollar was bearish against all of its major pairs on Tuesday. – advertisement – On the economic data...
Analysts warn of ‘double edged sword’ in China market rally as investors indulge in frenzied, risky trading
Shareholders watch the stock market in a securities business hall. Nanjing, Jiangsu Province, China, 6 July 2020. Costfoto | Barcroft Media | Getty Images China’s recent stock market rally is raising fears that it’s being driven by retail investors indulging...
USD/JPY Outlook: Fresh Weakness Needs Confirmation on Close Below Key Fibo Support at 106.87
The pair accelerated lower in early US session on Tuesday, dragged by dollar index’s breach of key near-term support, with weakness also being fueled by strong risk appetite in the market. Triggering stops at 107 zone also contributed to the...
Canada: Retail Sales Begin Their Recovery in May as Lockdown Measures Ease
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...
Canada Retail Sales Bounced Back in May/June
May retail sales grew 18.7% from April Sales rebounded across the board – online sales remained elevated from year-ago Preliminary estimate points to further growth (24.5%) in June; pace to moderate afterwards Retail sales recorded a sharp 18.7% rise in...
Strong Risk Rally on EU Recovery Fund, Aussie Accelerates
Global stock markets are lifted by the agreement on the EUR 750B Next Generation EU recovery package. Commodity currencies surge broadly with Australian Dollar leading the way. RBA Governor indicated that the current exchange rate is inline with Australia’s fundamentals....
Stocks making the biggest moves in the premarket: Coca-Cola, Tapestry, Lockheed Martin & more
Take a look at some of the biggest movers in the premarket: Coca-Cola (KO) – Coca-Cola reported quarterly earnings of 42 cents per share, 2 cents a share above estimates. Revenue was in line with expectations. It was the 23rd...
Temasek result gives a window into sovereign wealth strategy through Covid
Temasek, one of Singapore’s sovereign wealth vehicles, today announced unaudited figures for its last financial year, showing a 2.3% decline in total shareholder return. In the circumstances, that’s really not bad. The Temasek financial year ends on March 31 –...
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