EUR/JPY Bounces Off Support
The EUR/JPY currency bounced off the bottom border of a descending channel pattern at 123.37 on Thursday. As a result, the common European currency surged by 76 points or 0.61% against the Japanese Yen. Everything being equal, the exchange rate...
AUD/USD Could Edge Higher
The Australian Dollar surged by 51 points or 0.70% against the US Dollar on Thursday. The currency pair breached the 50-, 100– and 200– hour SMAs during yesterday’s trading session. All things being equal, bullish traders could continue to pressure...
USD/CAD Breakout Occurs
The US Dollar has declined by 91 points or 0.69% against the Canadian Dollar since Thursday’s trading session. A breakout occurred through the lower boundary of a descending channel pattern on Thursday. Given that a breakout has occurred, the exchange...
NZD/USD Breaks Pattern
The New Zealand Dollar surged by 79 points or 1.18% against the US Dollar on Thursday. The currency pair breached the upper boundary of an ascending channel pattern on Friday morning. Given that a breakout has occurred, the exchange rate...
EUR/USD Revealed Descending Channel
The EUR/USD currency pair has revealed a medium-term descending channel. Yesterday, the pair reversed north from the lower channel line at 1.1740. It is likely that the exchange rate could re-test the upper channel line located circa 1.1890 in the...
USDCAD Conveys A Dominant Negative Bias
USDCAD has somewhat paused after the pullback from the near 8-month low of 1.2993. The rebound in the price appears to be resting on the mid-Bollinger band at 1.3131, shadowed by a governing bearish structure. The dictating downward sloping 50-...
US Equities Fall Again After Weak Housing Data
US equities ended the day lower as traders reacted to central bank decisions and relatively weaker data from the US. On Wednesday, the Fed decided to leave its policies unchanged. It also signalled that rates would remain that low for...
Dollar Rally Fades, Sterling Pares Losses, Yen Still Firm
Dollar is back trading as the weakest one for the week as it’s earlier rally attempt faded quickly. Though, Euro and Swiss Franc are not too far behind as the next weakest. Yen is also paring some of this week’s...
Bullish market activity in 2021 will cost jobs, $7 billion money manager predicts
Money manager Kevin Nicholson expects the stock market to stabilize and rise in early 2021. But the co-chief investment officer of global fixed income at RiverFront Investment Group warns it’ll come at a cost to the jobs market. “Companies are...
Climate change is fueling wildfires in the West, ravaging local economies
Bobcat fire approaches Sierra Madre and Arcadia communities in California, U.S., September 13, 2020 in this picture obtained from social media. Photo taken September 13, 2020. John Mirabella | Reuters Despite official resistance to the idea in the Trump administration,...
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