Strong Canada Data Boosts Loonie
The Canadian dollar has started the week with gains. Currently, USD/CAD is trading at 1.2643, down 0.40% on the day. It has been a busy start to the week for Canadian fundamentals, after just one event last week. The numbers...
Sterling Surges as Johnson Promises Lockdown Exit Roadmap, Strong Risk-On Sentiment Continues
Strong risk-on sentiments continue today even though US and China are on holiday. Dollar and Yen are both suffering heavy selling pressure, more so the latter. Sterling is leading the way up as Prime Minister Boris Johnson promised to detail...
Oil Rally Continues
On Monday, February 15th, Brent is moving upwards after an unsuccessful correction. The asset is trading at $63.62, the highest level since January 23rd, 2020. The key reason why investors continue buying oil is their assurance that the demand for...
EUR/CAD 4H Chart: Selling Signals
The single European currency has edged lower by 1.00% against the Canadian Dollar since the beginning of February. The currency pair breached the 50–” period SMA last week. Technical indicators suggest selling signals on the daily time-frame chart. The exchange...
NZD/USD Bulls Likely To Prevail
The New Zealand Dollar surged by 48 pips or 0.66% against the US Dollar on Friday. The currency pair breached the 50– and 200– hour SMAs during Friday’s trading session. All things being equal, the exchange rate could continue to...
Yen Accelerates Downward as Strong GDP Lifts Nikkei Above 30k
Yen and Dollar are under selling pressure today on strong risk-on markets. Nikkei closed above 30k handle for the first time in 30 years, as lifted by stronger than expected GDP data. Swiss Franc is following closely as third weakest....
5 Themes & 6 Charts To Watch
Meme stocks continue to make waves but economic data and central banks are afterthoughts at the moment. As the market continues to look past the virus, few themes have emerged. Inflation and US stimulus are commonly-cited ones but we go...
ollar Tumbled on Risk-On Sentiments Again, Ignored Yield Strength
Dollar ended as the worst performing one, reversing much of prior week’s rebound. Risk-on sentiments appeared to be leading the greenback lower again, and boosted Australian Dollar as the strongest one. But the development in other major currencies were less...
The GameStop mania might be over, but retail investors look here to stay
Luis Alvarez The GameStop bubble has come and gone but the rookie investors who speak emoji and Reddit may be here to stay with big implications for brokerage firms, as well as traditional investors who must pay closer attention to...
SPACs used to be a joke in Silicon Valley — now they’re going mainstream
The New York Stock Exchange welcomes Desktop Metal Inc. (NYSE: DM), today, Thursday, December 10, 2020, in celebration of its listing. To honor the occasion, Ric Fulop, Co-Founder and CEO, rings The Opening Bell®. NYSE Roger Lee of Battery Ventures...
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