GBP/CAD Bearish Move Could Restart
The GBP/CAD is having a retracement. A temporary low close to D L5 camarilla has been formed. If the market retraces, we should see a move towards 1-2-3 entry at the POC zone which is 1.7282-1.7295. The POC zone should...
CHF/JPY 4H Chart: Decline Likely To Continue
The Swiss Franc has edged lower by 213 pips or 1.80% against the Japanese Yen since last week’s trading sessions. The exchange rate breached the 50– and 200– period SMAs this week. Technical indicators flash selling signals on the 4H...
Yellen supports banks’ share buybacks. Sen. Warren wants BlackRock designated too big to fail
Treasury Secretary Janet Yellen speaks during a virtual roundtable event with participants from local Black Chambers of Commerce on February 5, 2021 in Washington, DC. Drew Angerer | Getty Images Banks have improved their capital positions and should be allowed...
Stocks Markets Are A ‘Team’ Hame
Strong PMIs send Nasdaq reeling A few stories are circulating in Asia today to pique the market’s interest. Strong PMIs from the US and Europe overnight saw the cyclical rotation trade reappear in equities, with the tech-heavy Nasdaq tumbling 2.0%....
Dollar and Yen Maintain Gains as Markets Turn Steady
Markets are generally steady in Asian session today, with mild recovery seen in Nikkei. Though, movements in other markets are rather subdued. Commodity currencies recover in general while Yen, Swiss Franc and Dollar are the weaker ones. However, for the...
Elliott Wave View: DAX Correction Near Complete
DAX Short term Elliott Wave View suggests that the rally from January 28, 2021 low is unfolding as a 5 waves impulsive Elliott Wave structure. The Index ended wave 3 of this impulsive rally at 14804.01. Internal of wave 1...
Stock futures tick higher as pressure on tech stocks pauses
Matteo Colombo | DigitalVision | Getty Images Futures contracts tied to the major U.S. stock indexes inched higher in the overnight session Wednesday evening after pressure on technology stocks sent the Nasdaq Composite down 2% during the regular session. Dow...
Global Flash PMIs Impress, Disappointing Durables, Oil Rebounds Despite Suez Canal Still Blocked
US stocks rallied after Fed Chair Powell and Treasury Secretary Yellen reinforced their bright outlook for the economy and stance on inflation, government debt, need for revenue for permanent spending, and ultra-dovish commitment for the labor market. The Powell/Yellen put...
EURUSD Slips to 4-Month Low Near 1.18
EURUSD is creating several sessions of losses in the 4-hour chart, recording a fresh four-month low marginally above the 1.1800 handle earlier today. The price started a strong negative movement after the pullback on the double top level of 1.1990,...
Homebuyer mortgage demand inches higher, but rates hit highest level since summer
A for sale sign sits outside a house in Miami Beach. Carlos Barria | Reuters Higher mortgage rates do not appear to be dampening demand for home purchases but are crimping refinance volume. Mortgage applications to purchase a home rose...
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