USDCAD Posts Losses After Meeting 1-Year High
USDCAD is retreating after the pullback off the one-year high of 1.2960 after a strong rally from the 1.2600 support level. The flat mode in the RSI indicator confirms the recent weak momentum on price, while the stochastic oscillator is...
GBPJPY Extends Swift Upturn, Key Resistance Overhead
GBPJPY has swiftly turned up following the consolidation around the 149.50 support area, with the price breaching the limits from the 200-day simple moving average (SMA) to peak at a one-month high, nearly around the 153.00 level early on Thursday....
Dollar and Yen Down But Not Out in Pre-Holiday Trading
Yen and Dollar are currently the weakest ones for the week, but both are bounded inside last week’s range against most other trading currencies. The development is in line with the stock markets, where major US indexes closed higher overnight,...
Stock futures rise slightly as market looks to extend comeback rally to a third day
Stock futures were slightly higher Wednesday evening following the second trading day in which equities climbed higher, as investors looked past earlier jitters about the spread of the omicron Covid variant. Futures contracts tied to the Dow Jones Industrial Average...
Mortgage rates fall to a four-week low, but homebuyers still pull back due to record low listings
The already competitive housing market is getting even more so, and that is now cutting into mortgage demand. Even a small drop in interest rates couldn’t bring more buyers in, although it did boost refinance demand slightly. As a result,...
US Consumer Confidence Rises, Inflation Fears Fall, USD/JPY Poised to Break Out
While many traders are logging off for the year to celebrate the holidays, there are still some notable economic data releases trickling out ahead of the long weekend. Ahead of tomorrow’s US durable goods and core PCE reports, we also...
FX Year Ahead 2022: Brace for Volatility
It has been an exceptional year for the US dollar, which defied all the doom and gloom predictions to gain more than 10% against the Japanese yen. The resurgence of inflation has turned the tables with many central banks hitting...
November home sales rose due to hot job market and concerns over rising rates next year
HOUSTON, TEXAS – AUGUST 12: A newly sold home is shown on August 12, 2021 in Houston, Texas. Home prices have climbed during the pandemic as low interest rates and working from home has become more abundant. Home prices around...
Sterling Surges, Loonie Dives in Quiet Markets
Sterling and Euro are trading broadly higher today, together with Aussie. On the other hand, Yen and Dollar are both under some selling pressure. Rebound in Europe yield is a factor in driving the markets. We’ll see if there is...
Gold Eases Below 1,800 and Short-Term SMAs
Gold could not find enough buyers to overcome the 1,800 level during the previous sessions, with the spotlight shifting again towards the 1,784 support zone and the Ichimoku cloud. The RSI and the MACD continue to flatten, while the former has also slipped back below...
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