Yen Stays Firm on Risk Aversion in Asia, But Dollar Holding on to Support
Yen is trading generally firm today as risk sentiment in Asia is decoupling from that of the US. Nikkei is so far rather resiliently holding above 30k handle, despite slight retreat. But Hong Kong HSI is having another day of...
Stock futures rise slightly following S&P 500’s best day in more than two weeks
A trader works at the New York Stock Exchange (NYSE), August 19, 2021. Andrew Kelly | Reuters Stock futures edged up in overnight trading on Wednesday following a rebound on Wall Street as the market tried to avert the seasonally...
Big move in Natural Gas; Highly Correlated to USD/RUB!
Natural gas (NG) has been on a tear lately. On December 28th, 2020, NG put in a low of 2.238. Since then, price is up nearly 150%, including a rise of nearly 50% alone in the past month. Uncertainties about...
Stocks Mixed on Strong US Data, Casino Stocks Crushed on China Review
US stocks are mixed as investors digest a better-than-expected Empire State survey, a triple threat of bad news from China (casino crackdown, soft economic data, and Evergrande contagion fears), and as concerns start to grow over surging oil and gas...
The Canadian Election and FX Outcomes
Canadians will go to the polls on Monday, September 20 to elect their new government. The outcome is too close to call, as the two main contenders are currently running neck-and-neck in opinion polls. The best scenario for the loonie...
USD/JPY Presses 109.1 Support as Yen Rally Continues, Strong UK and Canada CPI
Rally in Yen and Swiss Franc dominated trading for most of the day, and it stays firm in early US session. Nevertheless, as sentiment of US traders are not too pessimistic, buying in both slows a little bit. On the...
GBP/USD Pair Started A Fresh Decline From The 1.3912 High
The British Pound spiked above the 1.3900 zone against the US Dollar. However, the GBP/USD pair struggled to extend gains and started a fresh decline from the 1.3912 high. It traded below the 1.3900 and 1.3880 support levels. There was...
Yen Rising as Sentiment Weighed Down by Poor China Retail Sales
The impact of slowing in US inflation was rather short-lived as major indexes turned red after initial rise. Sentiment is further weighed down by poor retail sales data from China. Yen notably overnight on mild risk-off sentiment while Dollar also...
Elliott Wave View: S&P 500 Futures In Larger Degree Correction
Short-term Elliott wave view in S&P 500 Futures (ES_F) suggests cycle from September 24, 2020 low has ended with wave ((3)) at 4549.74. The Index has turned lower in larger degree 7 swing in wave ((4)) to correct cycle from...
Huawei says it’s hiring more scientists in the face of U.S. sanctions
Huawei founder Ren Zhengfei attends a panel discussion at the company headquarters in Shenzhen, Guangdong province, China June 17, 2019. Aly Song | Reuters BEIJING – Chinese telecommunications giant Huawei said it is expanding its team of scientists even as...