Wells Fargo closed your personal line of credit. Here are some other options
Smith Collection/Gado | Archive Photos | Getty Images Wells Fargo is closing all existing personal lines of credit, CNBC reported on Thursday. Some customers are likely thinking: Now what? Fortunately, there are alternatives for clients looking for ready cash, according...
Forward Guidance: Bank of Canada Poised to Taper Stimulus as Recovery Progresses
We expect no major forecast changes in next week’s Bank of Canada rate decision and Monetary Policy Report. Indeed, the Canadian economic recovery is progressing largely in line with the central bank’s expectations, suggesting April GDP growth forecasts should be...
What Does Central Bank Divergence Mean for FX?
There’s been a massive shift within the central bank world lately. Some have taken baby steps towards exiting cheap money and ultimately raising interest rates, but others have not. We seem to be entering a period where the economies that...
GBP/USD Outlook: Bulls Regain Traction But More Evidence Needed to Signal Reversal
Cable regained traction on Friday after negative tone prevailed during this week, with three-day drop ending with a hammer candle that generated initial bullish signal. Fresh advance nearly fully reversed losses of this week but needs lift above pivotal barriers...
Market Reversing Prior Moves, Canadian Dollar Supported by Job Data
The markets are now reversing prior moves in the week, with Dollar, Yen and Swiss Franc trading generally lower. Canadian Dollar is supported by strong job data, while Aussie and Kiwi also recover. Major European indexes are trading slightly up...
GBPJPY Dips Below 151 but 23.6% Fibo Keeps Things Positive
GBPJPY is not out of the woods just yet, in spite of finding some footing around the 150.96 level, that being the 23.6% Fibonacci retracement of the up leg from 134.39 until 156.06. Although downside forces have abated at 150.65,...
Stocks making the biggest moves in the premarket: Levi, General Motors, American Airlines and more
People walk past GM vehicles on display at the General Motors world headquarters building at Detroit’s Renaissance Center. Paul Hennessy | SOPA Images | LightRocket | Getty Images Take a look at some of the biggest movers in the premarket:...
EUR/USD Started A Fresh Increase From 1.1780
The Euro found support near the 1.1780 zone after a steady decline against the US Dollar. The EUR/USD pair formed a base above 1.1780 and it started a fresh increase. It surpassed the 1.1800 resistance level and the 50 hourly...
USDCAD Fortifies Short-Term Bullish Structure
USDCAD charted a new higher high at 1.2589 on Thursday, signaling that the trendline cracked in June could be something more than temporary. The bullish cross between the 20- and 50-day simple moving averages (SMAs) is endorsing the above narrative...
GBPJPY Could Fall Further
The British pound currency is attempting to recover higher against the Japanese yen after finding support around the 150.65 technical area. The four-hour time frame shows that the GBPJPY pair is trapped inside a large descending broadening wedge pattern. The...
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