AUDJPY Cools Down Near Two-Year Peak
AUDJPY continues its steady march higher. The structure of higher peaks and higher troughs remains intact since October, while the pair is also trading above all of its moving averages (MAs), a combination that keeps the broader outlook positive. That...
Retail sales burst higher in January as consumers use stimulus checks to spend heavily
Consumers flocked to spend their stimulus checks in January, sending retail sales for the month up 5.3% in a blockbuster start to 2021, according to a government report Wednesday. Economists surveyed by Dow Jones were expecting a rise of just...
Dollar Rebounds Further on Strong Retail Sales, Euro and Swiss Franc Suffer
Dollar’s rebound gains much momentum in early US session with a little help from much stronger than expected retail sales data. Canadian Dollar is following as second strongest for today, riding on rally resumption in oil prices. On the other...
‘This is not inflation’: Economist says expectations are unanchored from reality
Traders on the floor of the New York Stock Exchange Source: The New York Stock Exchange Inflation expectations are detaching themselves from reality, meaning markets might be overplaying the rise in U.S. Treasury yields, according to Carl Weinberg, chief economist...
Retail sales expected to be strong in January, helped by stimulus checks
A woman carries Nike shopping bags at the Citadel Outlet mall, as the global outbreak of the coronavirus disease (COVID-19) continues, in Commerce, California, December 3, 2020. Lucy Nicholson | Reuters Aided by government stimulus checks, consumers are expected to...
Stock futures flat after Dow closes at record high
U.S. stock index futures fluctuated in early morning trading on Wednesday after the Dow closed at a record high. Futures contracts tied to the Dow Jones Industrial Average and S&P 500 were roughly flat by around 6 a.m. ET, while...
Asian Equities Mostly Lower
Asian equities mostly lower Equities paused the US overnight, the S&P 500 falling slightly by 0.06%, the Nasdaq falling 0.34% which the Dow Jones managed to edge 0.20% higher. The price action looks more like a correction to the cyclical...
USD/JPY Pair Is Currently Correcting Lower From The 106.22 High
The US Dollar started a steady increase from the 104.50 support zone against the Japanese Yen. The USD/JPY pair cleared the 105.20 resistance level to move into a positive zone. It even surpassed the 105.80 resistance and settled well above...
Dollar Firm after 10-yr Yield Breached 1.3, But Near Term Resistance Still Intact
The strong rally in US treasury yield overnight pushed Dollar notably higher. The greenback is indeed the second strongest one for the week, just next to Sterling. Canadian Dollar is following closely with support by resilience in oil prices. ON...
USD/CAD At Risk Of More Downsides Below 1.2500
Key Highlights USD/CAD declined below the 1.2800 and 1.2700 support levels. A major bearish trend line is forming with resistance near 1.2770 on the daily chart. GBP/USD cleared 1.3900, EUR/USD failed to surpass the 1.2150 resistance. Canada’s CPI could increase...
Signal2forex.com - Best Forex robots and signals




