Aussie Extends Gains, Retail Sales Next
The Australian dollar has extended its gains and is in positive territory for a third consecutive day. Currently, AUD/USD is trading at 0.7406, up 0.52% on the day. The pair is currently at its highest level since August 5th and...
Swissie Yawns on Mixed Swiss Data
The Swiss franc continues has drifted for most of the week and the pattern has continued on Thursday. USD/CHF is currently trading at 0.9161, up o.17% on the day. Retail Sales sink but GDP rebounds It has been an unusually...
Risk Sentiment Firms Up after Jobless Claims, Dollar Staying Weak
Risk-on sentiment firms up slightly after better than expected jobless claims from the US. Dollar, Yen and Swiss Franc continue to trade as the weakest ones. On the other hand, New Zealand and Australian Dollars are the strongest. But the...
GBP/USD – A Strong Barrier of Resistance
Can it break back into bullish territory? The dollar has come under pressure over the last couple of weeks as the economic data has necessitated a more dovish line from the Federal Reserve . The result is that, despite breaking...
WTI Oil Outlook: Stronger Than Expected Drop In Crude Inventories Inflated Oil Prices
The WTI regained traction and edged higher on Thursday after three-day drop was contained by converged 10/20DMA’s which formed bull-cross. Oil prices dropped on Wednesday after the OPEC+ group agreed to keep its policy of gradually phasing out record output...
Stock futures gain after sluggish start to September with key jobs data ahead
Traders on the floor of the New York Stock Exchange Source: The New York Stock Exchange U.S. stock futures gained slightly on Thursday after the S&P 500 finished the first trading session of the month near the flatline. Dow Jones...
USD/CAD Remains Near 1.2640 Level
On Wednesday, the US Dollar surged by 53 pips or 0.43% against the Canadian Dollar. The surge was stopped by the 200– hour simple moving average at 1.2635 during Wednesday’s trading session. If the resistance level formed by the 200–...
Yen Crosses Trading Up But Markets Stay Generally Cautious
While NASDAQ surged to new record high overnight, overall closes were mixed with DOW slightly down. Asia markets also lack a clear direction. Investors appear to remain cautious ahead of US non-farm payroll report tomorrow. So far, New Zealand and...
After All The Talk, OPEC+ To Stay The Course On Supply
With the Delta variant of the coronavirus causing slowdowns in many economies around the world, some were of the opinion that when OPEC+ met today, they would cut back their planned increase of 400,000 bpd that had been decided at...
Consumer protection group looks to increase transparency for small business loans
Ting Shen/Bloomberg via Getty Images The Consumer Financial Protection Bureau proposed a rule Wednesday to raise transparency around loans for small businesses. If finalized, the federal agency’s rule would require lenders to collect and report more data about credit applications...