The Nucleus of the Forex Market: Trade and Capital Flows
Talking Points: The Nucleus of the Forex Market are Trade and Capital Flows This article shows why trade and capital flows, driven by currency spot prices, can be so impactful to an economy and a company operating inside of that...
Employment: The Key Driver of Economic Growth and Prosperity
What is Employment? Employment is considered to be a key economic driver and is an important measure of economic growth. According to the International Labor Organization, unemployment is defined as ‘’people of working age who are without work, available for...
Forex Trading for beginners: What is Forex trading?
What is Forex trading? Forex trading is a term used to describe individuals that are engaged in the active exchange of foreign currencies, often for the purpose of financial benefit or gain. That can take on the form of speculators,...
Canadian Dollar Rebounds, Retail Sales Next
The Canadian dollar has reversed directions on Thursday and posted gains. In the North American session, USD/CAD is trading at 1.2076, down 0.46% on the day. On the fundamental front, the Canada ADP employment report for April posted a sharp...
GBPUSD Rebounds off 1.4100; Positive Profile in Medium Term
GBPUSD has found strong support at the 1.4100 psychological level, holding near the 40-period simple moving average (SMA). The RSI is ticking slightly up in the negative territory, however the MACD is holding below its trigger line. In case the...
Jobless claims drop more than expected for a new pandemic low
The procession of Americans heading to the unemployment line fell last week, with jobless claims totaling a fresh pandemic-era low of 444,000, the Labor Department reported Thursday. Economist surveyed by Dow Jones had been expecting 452,000 new claims as the...
Dollar Pare Gains in Quiet Ranging Markets, Euro Stays Strongest
The forex markets are very quiet today, with most major pairs and crosses staying inside yesterday’s range. Dollar is paring some post FOMC minutes gains, while Sterling is also soft. On the other hand, Australian and New Zealand Dollar are...
European Open: Japan’s Exports Rise To 11Yr High, Futures Point To Firmer Open
Whilst Japan’s rising exports are good for domestic growth (after GDP contracted in Q1) it also points to increased global demand. Asian Indices: Australia’s ASX 200 index rose by 84 points (1.21%) and currently trades at 7,015.70 Japan’s Nikkei 225...
Dollar Recovers after FOMC Minutes, But No Technical Levels Broken Yet
Dollar recovered overnight, with help from mild risk aversion and some slight hawkish twists in FOMC minutes. Yet, it couldn’t manage to break through any near term technical level yet. Euro remains the strongest one for the week at this...
Market Morning Briefing: Pound Has Come Down And A Break Below 1.41
STOCKS Dow has recovered sharply after testing 33500 yesterday. The expected range of 33500-35000 remains intact for now. DAX has declined below 15200 and can test 14800 now. The rise to 15700-15800 that we were expecting is not happening now....
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