USDCAD Loses Steam Around Falling Line
USDCAD is touching the descending trend line after the jump above it in the previous week. The price is returning lower after the pullback off the 1.2645 resistance, remaining within the 20- and 40-day simple moving averages (SMAs). The MACD...
EUR/USD Outlook: Correction Needs to Clear 1.1800 Zone to Resume, US NFP Key Market Driver Today
The Euro is trading within tight range in early Friday, due to holiday-thinned volumes, following a two-day bounce from new multi-month low at 1.1704. Fresh risk mode in the market, driven by signs that US economic recovery (boosted by President...
Chinese electric car start-ups Nio and Xpeng defy first quarter weakness with March surprise
Xpeng CEO He Xiaopeng stands next to the company’s P7 electric sedan as he addresses media at the 2020 Beijing auto show. Evelyn Cheng | CNBC BEIJING — Two of China’s U.S.-listed electric car start-ups beat market expectations in their...
The Weekly Bottom Line: Emerging Markets Are Weathering the Storm
U.S. Highlights Economic data tilted positive this week, with consumer confidence and the ISM manufacturing index rising respectively to one-year and 37-year highs, auguring for a strong showing for Friday’s jobs report. President Biden unveiled a new $2.3 trillion spending...
USD/JPY Surges Above 110.00, Dips Turn Attractive
Key Highlights USD/JPY gained bullish momentum and it cleared the 110.00 resistance. There was a break above two bullish continuation patterns near 108.70 and 109.75 on the 4-hours chart. The US ISM Manufacturing Index increased from 60.8 to 64.7 in...
Manufacturing boom brings more signs that inflation is building rapidly
An operator stacks heavy gauge steel brace used for industrial workbench leg at Tennsco’s factory in Dickson, Tennessee, U.S. February 17, 2021. Tennsco | via Reuters March brought the strongest manufacturing growth in more than 37 years, and with it...
March jobs report is expected to be strong and show the beginning of a hiring surge
Americans are beginning to return to the workforce in big numbers, and that is likely to show up in the March employment report. Economists polled by Dow Jones expect to see 675,000 jobs added in March as the economy reopened...
RBA: The Dynamics of QE and Yield Curve Control
The Reserve Bank Board meets next week on April 6. We expect that the Board will decide to maintain its current policy settings. These settings are the targets of 10 basis points for the cash rate and the yield on...
Stocks making the biggest moves midday: Microsoft, Western Digital, Micron, Nio & more
Satya Nadella, chief executive officer of Microsoft Corp., speaks during the Microsoft Developers Build Conference in Seattle, Washington, U.S., on Monday, May 7, 2018. The Build conference, marking its second consecutive year in Seattle, is expected to put emphasis on...
Dollar Bulls Losing Traction; US NFP Could Spark Deeper Pullback
The dollar extends consolidation into second day as bulls take a breather under new five-month high (93.45). Lower volumes in pre-holiday trading and higher than expected US jobless claims, could cause deeper drop, as reversal pattern is forming on daily...
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