China Weekly Letter – China Strikes Defiant Tone, Recovery Postponed
China has started to beat the nationalist drum and shows no signs of giving in to US demands of changing its laws as part of a trade deal. Trump has issued an executive order, banning Huawei and ZTE in the...
Bitcoin Rally Over?
The price of Bitcoin has skyrocketed about 50% so far this month to a high of $8390, following a 28% rally the month before. The crypto currency has surged past its 200-day moving average, all the way down at around...
EURJPY Gains Expected to Reach Downtrend Line
EURJPY reversed higher after it tumbled towards a fresh four-month low of 122.07 this week. The technical picture supports that the slightly bullish correction is likely to continue in the short-term. The MACD is stretching to the upside above its...
Sterling Extends Decline, Markets Shrug Trumps Huawei Threats
Market sentiments are generally steady today. Better than expected job and housing data lift Dollar mildly higher in early US session. Yen and Swiss Franc are trading of the softer side, paring some of this week’s gains. While US moves...
US housing starts rose more than expected in April
Getty Images U.S. homebuilding increased more than expected in April and activity in the prior month was stronger than initially thought, suggesting declining mortgage rates were starting to provide some support to the struggling housing market. Housing starts rose 5.7%...
Pakistan IMF bailout comes as foreign banks eye opportunity
News of Pakistan’s $6 billion loan deal with the IMF this week can be read in two ways: a country gaining direction and stability under a new government, or one in a desperate condition that has no choice but to...
USD/CAD Look For 1.3400
Pivot (invalidation): 1.3455 Our preference Short positions below 1.3455 with targets at 1.3420 & 1.3400 in extension. Alternative scenario Above 1.3455 look for further upside with 1.3485 & 1.3505 as targets. – advertisement – Comment The RSI lacks upward momentum....
Auto Tariff Delay Could Seal A Corrective Low For DAX
The announcement that Trump plans to delay EU auto tariffs provided the DAX quite the tailwind yesterday. Technically, we suspect it could extend its bounce from here. Since the prior analysis in April, the bullish channel has maintained its structure...
Yen Firm as Risk Aversion Remains, Australian Dollar Lower on Unemployment Rate
US stocks recovered overnight on talks that Trump is going to delay auto tariffs decision, due May 18, by up to 6-months. All major stock indices staged mild recovery. German DAX also reversed earlier losses to close higher. However, such...
China’s state mouthpieces are taking an aggressive tone on the trade war
The headquarters of the Central Chinese Television (CCTV). Axel Schmidt | DDP | Getty Images China’s state-run media outlets have come out in force this week after keeping relatively quiet in the wake of U.S. President Donald Trump’s surprise announcement of tariff...
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