EUR/CAD 4H Chart: Bulls Likely To Prevail
The EUR/CAD currency pair bounced off a support level at 1.4615 on July 2. As a result, the European single currency surged by 2.11% against the Canadian Dollar during this period. Everything being equal, the exchange rate could continue to...
RBNZ Preview – Strong GDP Growth and Inflation Expectations to Anchor RBNZ Optimism
Strong first quarter GDP growth and rapidly rising inflation pressure suggest that the RBNZ would at least maintain a hawkish stance at this week’s meeting. While the monetary policy measures will stay unchanged, policymakers will likely react to market expectations...
Dollar and Yen Soft in Subdued Asian Trading, Three Central Banks to Meet This Week
Dollar and Yen remain generally soft in quiet Asian session today. Nikkei staged a strong 2.2% rebound but there is little reaction in the currency markets. Major pairs and crosses are generally stuck inside Friday’s range. Trading could remain subdued...
European Open: Asian Equities Extend Rally, GBP/AUD Hits 3-Month High
With traders their most bearish on AUD futures in a year and the UK still on track to ease lockdown restrictions, GBP/AUD may be able to extend gains from its 3-month high. Asian Indices: Australia’s ASX 200 index rose by...
EUR/USD Recovers, But Key Resistance Intact
Key Highlights EUR/USD traded as low as 1.1781 before starting an upside correction. It traded above a major bearish trend line with resistance near 1.1840 on the 4-hours chart. GBP/USD climbed higher nicely above 1.3850, but it could struggle near...
Stock futures open mostly flat ahead of the kickoff of earnings season
Traders work on the floor of the New York Stock Exchange. NYSE Stock futures opened mostly flat late Sunday as earnings season kicks off this week. Futures on the Dow Jones Industrial Average added 25 points, or 0.07%. S&P 500...
Dollar and Yen Could Turn Weaker Again as Risk Bulls Didn’t Give Up
Market bears had multiple chances to probe a bearish reversal last week, riding on talks like Fed’s tapering, spread of Delta variants, and China’s crackdown on its own technology stocks, as well as foreign IPOs. Yet, the optimists just refused...
Weekly Economic & Financial Commentary: June FOMC Minutes Raise as Many Questions as Answers
Summary United States: Growth Concerns Rattle Markets During Relatively Quiet Week for Economic Data Financial markets were jittery this week as uncertainty mounted around the new COVID variant hampering global activity and the growing idea that a lack of supply...
The Weekly Bottom Line: Bond Market Inflation Fears Ease
U.S. Highlights Economic news was relatively light in a holiday-shortened week. The move down in Treasury yields garnered headlines, as bond markets ratchet down inflation expectations. The FOMC Minutes were released this week and confirmed increased confidence among members that...
Week Ahead: US Banks Report Q2 Results, EUR/GBP in Focus ahead of Euro 2020 Final
Q2 US earnings season kicks off in earnest this week, and it will undoubtedly be one of the biggest storylines to watch over the next couple of weeks. The biggest market storyline of the past week was undoubtedly around the...
Signal2forex.com - Best Forex robots and signals




