USD/CAD Dips on Mixed US Durable Goods
The Canadian dollar has posted slight gains for a second successive day. In Wednesday’s North American session, USD/CAD is trading at 1.3151, down 0.15% on the day. US durable goods orders mixed, GDP next With no Canadian data on Wednesday,...
EURGBP Tumbles Below SMAs; Indicators are Negative
EURGBP has been in a declining movement over the last sessions, remaining well below the Ichimoku cloud and the short-term simple moving averages (SMAs). Furthermore, the RSI is heading south in the bearish territory, while the stochastic is moving lower...
U.S. core capital goods orders slow in July from prior month, while durable goods orders surge 11.2%
New orders for key U.S.-made capital goods slowed in July, suggesting the rebound in business investment could become more gradual amid uncertainty about the course of the Covid-19 pandemic, even as the recovery in manufacturing appears to be gaining traction....
Dollar Surges on Strong Durable Goods Orders, Gold Tumbles
Dollar surges broadly in early US session in response to much better than expected durable goods order data. Yet, it’s actually still held well below near term resistance level to confirm bottoming. Gold’s decline is a positive sign for the...
US and China: The odd couple, decoupled
In March 2001, America’s hawkish defence secretary Donald Rumsfeld handed a report to George W Bush. It urged the new US president to see not Russia but China as the primary threat, and to redeploy more military resources to Asia....
Fed’s Esther George sees risks building of double-dip recession
Kansas City Federal Reserve President Esther George said the recession that began in February could revisit the economy if the coronavirus pandemic intensifies. “An important risk to that outlook is thinking about what happens as we come into the fall,...
Stock futures edge lower after S&P notches another record
U.S. stock futures were slightly lower in early morning deals on Wednesday after the S&P 500 closed at a new record high. At around 4:25 a.m. ET, Dow futures dipped 63 points, implying an opening loss of around 68 points....
Range Trading Continues With Eyes on Gold, Oil and Yields
The forex markets continue to stay in rather tight range today, shrugging off strong movements in the stock markets. Yen is generally soft but there is no sign of breakout yet. Similarly, Dollar is also struggling to find a clear...
EUR/AUD Expects Massive Triangle Pattern On Weekly Chart
The EUR/AUD bullish breakout didn’t last long before the bears wrestled back control. Will the uptrend be able to regain control or will price action develop a larger reversal? Price Charts and Technical Analysis – advertisement – The EUR/AUD seems...
As U.S. makes progress on the virus front, Peter Boockvar predicts inflation will become a serious headwind — with or without Fed involvement
With or without the Federal Reserve’s involvement, Peter Boockvar of the Bleakley Advisory Group sees signs inflation is making a comeback. His call comes two days before Fed Chair Jerome Powell is scheduled to deliver a key policy speech at...
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