Pound Primed for Consolidation
On Monday, October 12th, 2020, the British Pound remains “in the black” and is primed for consolidation. The instrument is mostly trading at 1.3038. The Pound had a positive reaction to the GDP report published by the United Kingdom last...
EUR/USD Trades Within Ascending Channel
On Friday, the EUR/USD currency pair reversed south from the upper line of the short-term ascending channel. From a theoretical point of view, it is likely that the exchange rate could re-test the lower channel line located circa 1.1770. It...
EUR/NZD Deep Retracement For Fresh Buying
The EUR/NZD has formed a consolidation pattern around 88.6 fib, straight in the 78.6-88.6 trading zone. The price might move straight from the zone towards D H3 – 1.7790 and W H3 -1.7819. Have in mind that a momentum push...
Yen Rebounds in Quiet Markets, Politics to Drive the Week
Asian markets are trading in mixed most, decoupling from strong rally from the US on Friday. The forex markets are also steady. Yen is trading broadly higher and could be riding on the rebound against Dollar to strengthen elsewhere. Dollar...
Asia Morning: U.S. Stocks Up, Dollar Down On Growing Stimulus Expectations
On Friday, U.S. stocks posted further gains. The Dow Jones Industrial Average increased 161 points (+0.57%) to 28586, the S&P 500 rose 30 points (+0.88%) to 3477, and the Nasdaq 100 was up 174 points (+1.51%) to 11725. Nasdaq 100...
These travel plays may boost your portfolio – with one major exception
IHT Wealth Management’s Yussef Gheriani believes now is a good time to consider adding travel plays to portfolios. Between cabin fever related to the pandemic and optimism surrounding effective coronavirus treatments, Gheriani speculates bookings will start meaningfully rising within the...
Dollar Tumbled as Investors Hungry for Risks, Down Trend Resuming?
Yen and Dollar ended the week as overwhelmingly the worst performing ones. Despite all the jitters regarding US President Donald Trump’s coronavirus infections, stimulus talks stalemate, major stock indices ended the week strongly higher. Yen is additionally pressured by strong...
Weekly Economic and Financial Commentary: All Eyes Are On Policymakers
U.S. Review Slow Data Week Puts More Focus on Policy Weekly first time unemployment claims highlighted an extraordinarily slow week for economic news. Jobless claims fell slightly but continuing claims fell by one million. The ISM non-manufacturing survey handily beat...
The Weekly Bottom Line: Fiscal Deal or No Deal
U.S. Highlights Fiscal policy (or lack thereof) drove much of the news cycle this week. On the same day the Federal Reserve Chair made the case for more fiscal support, President Trump tweeted that negotiations were being cut off. Trump...
Forward Guidance: Economic Recovery Slows, While Imbalance Among Industries Persists
A stronger-than-expected September labour market report nonetheless was still flagging a slowdown in the pace of improvement that can be expected going forward – and also reinforced the uneven nature of the bounce-back to-date by industry. Early reports showed the...
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