Bears Taking Over USDCAD – Elliott Wave Analysis
USDCAD made a firm decline below the lower corrective channel line connected from 1.3 level, which is a confirmation that corrective wave 4 of a bigger impulse is completed, and a five-wave move for a wave 5 underway. We are...
Sterling Softens on Restrictions and Brexit Deadlock, Aussie Retreats Further
Sterling softens broadly today as UK unemployment rate rose more than expected while the part of the country is returning to restrictions. Additionally, there appears to be no progress on Brexit negotiation ahead of the EU summit later this week....
U.S Futures Mixed – Watch JNJ, JPM, DIS, BLK, TSLA
The S&P 500 Futures are little changed after they charged higher yesterday, led by technology shares. Later today, the U.S. Labor Department will release September CPI (+1.4% on year expected). European indices are under pressure. ZEW survey results of October...
EUR/JPY Breakout Could Occur
The common European currency declined by 51 pips or 0.41% against the Japanese Yen on Monday. The decline was stopped by the 200– hour simple moving average during yesterday’s trading session. The currency pair breached the 200– hour SMA on...
LTCUSD Correction Likely
Litecoin is starting to test back towards the $50.00 level after finding strong technical resistance from down slopping trendline resistance. Short and medium-term LTCUSD traders are likely to buy into price dip towards the $47.00 to $45.00 technical support zone....
Dollar Recovering as J&J Paused Vaccine Study, Aussie Tumbles
Dollar is trying to recover in Asian session while Aussie tumbles broadly. Sentiments appear to be turning cautious on news that Johnson & Johnson paused coronavirus vaccine study due to an unexplained illness in a participant. UK also started a...
China says exports and imports hit record highs in September
Workers stand at the port of Qingdao, Shandong province, China June 10, 2019. Reuters BEIJING — China reported strong trade data in September as most business activity resumed in the world’s second-largest economy, following what was apparently the worst of...
Will Canadian Dollar’s Streak Continue?
USD/CAD is showing little movement on Monday. With the Canadian markets closed for the Thanksgiving holiday, With Canadian markets closed for a holiday on Monday, the pair is likely to stay very quiet today. Canada job numbers sparkle It was an...
Sunset Market Commentary
Markets Today was a non-starter of the new trading week. An empty eco calendar and reduced volumes (US bond markets closed in observance of Columbus Day) resulted in a meaningless session. Volatility was low with the VIX index further declining...
Dillard’s jumps more than 40% after one of Buffett’s investing lieutenants discloses personal stake
Dillard’s department store. Source: Zereshk | Wikipedia Shares of Dillard’s jumped 45% on Monday after one of Warren Buffett’s investing lieutenants disclosed a personal stake in the embattled retailer. According to filings with the Securities and Exchange Commission, Ted Weschler,...
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