Swiss Franc Decline Slows after SNB, Dollar Attempting Rise after Jobless Claims
Sterling trades mildly higher in rather quiet market today while Euro and Yen turn softer. Dollar is attempting to extend this week’s rally after better than expected jobless claim data. But no follow through buying is seen in the greenback...
Weekly jobless claims tumble to lowest level in more than a year
First-time claims for unemployment insurance unexpectedly fell sharply last week amid signs that hiring has picked up in the U.S. economy, the Labor Department reported Thursday. Claims totaled 684,000 for the week ended March 20, the first time the number...
UK start-up funding platforms scrap $190 million merger amid competition concerns
Darren Westlake, co-founder and CEO of Crowdcube, at a fintech conference in London, on April 12, 2017. Simon Dawson | Bloomberg via Getty Images LONDON — British start-up crowdfunding platforms Crowdcube and Seedrs agreed Thursday to terminate their £140 million...
SNB Appears Less Concerned about Franc’s Strength, Raises Inflation Forecasts
The SNB left all its monetary policy measures unchanged. It kept the policy rate and interest on sight deposits at −0.75% and pledged to continue intervening the FX market if necessary. While leaving the growth outlook intact, the central bank...
GBP/CAD Bearish Move Could Restart
The GBP/CAD is having a retracement. A temporary low close to D L5 camarilla has been formed. If the market retraces, we should see a move towards 1-2-3 entry at the POC zone which is 1.7282-1.7295. The POC zone should...
CHF/JPY 4H Chart: Decline Likely To Continue
The Swiss Franc has edged lower by 213 pips or 1.80% against the Japanese Yen since last week’s trading sessions. The exchange rate breached the 50– and 200– period SMAs this week. Technical indicators flash selling signals on the 4H...
Yellen supports banks’ share buybacks. Sen. Warren wants BlackRock designated too big to fail
Treasury Secretary Janet Yellen speaks during a virtual roundtable event with participants from local Black Chambers of Commerce on February 5, 2021 in Washington, DC. Drew Angerer | Getty Images Banks have improved their capital positions and should be allowed...
Stocks Markets Are A ‘Team’ Hame
Strong PMIs send Nasdaq reeling A few stories are circulating in Asia today to pique the market’s interest. Strong PMIs from the US and Europe overnight saw the cyclical rotation trade reappear in equities, with the tech-heavy Nasdaq tumbling 2.0%....
Dollar and Yen Maintain Gains as Markets Turn Steady
Markets are generally steady in Asian session today, with mild recovery seen in Nikkei. Though, movements in other markets are rather subdued. Commodity currencies recover in general while Yen, Swiss Franc and Dollar are the weaker ones. However, for the...
Elliott Wave View: DAX Correction Near Complete
DAX Short term Elliott Wave View suggests that the rally from January 28, 2021 low is unfolding as a 5 waves impulsive Elliott Wave structure. The Index ended wave 3 of this impulsive rally at 14804.01. Internal of wave 1...
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