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...
Stocks making the biggest moves midday: Oracle, General Electric, Southwest Airlines and more
An exterior view of the Oracle Field Office at Wilson Boulevard in Arlington, Virginia, October 18, 2019. Tom Brenner | Reuters Check out the companies making headlines in midday trading. Oracle – The tech company’s shares slid more than 3%...
Canadian Election Preview: AUD/CAD in Focus as Liberals Cling to a Tiny Lead
The most likely scenario is a minority government, meaning that the winning party will have to collaborate with other parties to reach a consensus about new policies… After staying cooped up inside for most of the past 18 months, Canadian...
CPI Data Misses. Does it Matter?
This print should have no effect on the FOMC’s decision next week as to whether they will announce tapering Inflation has been running hot this summer. Despite the high readings, Fed Governor Jerome Powell had declared that most of the...
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