USDCAD Finds Footing at Multi-Year Lows; Pauses its Descent
USDCAD is consolidating in the vicinity of the 34-month low of 1.2580. The Ichimoku lines are reflecting the pause in negative momentum, while the falling 50- and 100-period simple moving averages (SMAs) are promoting further deterioration in the price. The...
Weak Retail Sales Cool off NZ Dollar
The New Zealand dollar has posted small gains in the Tuesday session. Currently, NZD/USD is trading at 0.7313, down 0.22% on the day. Retail Sales slide The New Zealand economy has looked strong, with most key indicators pointing upwards. However,...
December home prices rose 10.4%, the biggest gain in 7 years, Case-Shiller says
A houseÕs real estate for sale sign shows the home as being Òunder contractÓ in Washington, DC, November 19, 2020. Saul Loeb | AFP | Getty Images December is usually the slowest month for the housing market, but price gains...
Sterling Stronger on Reopening Optimism, Dollar Stabilizes
Sterling rises broadly today as UK Prime Minister Boris Johnson said he’s “hopeful” and “very optimistic ” to end pandemic restrictions on June 21, based on the “one-way road to freedom” roadmap unveiled yesterday. Canadian Dollar is Dollar is following...
The US Dollar Continues To Fade
Cyclical rotation pushes dollar down The US dollar found no solace in higher longer-end bond yields overnight, likely because the move was mirrored to some extent among other developed market currencies. The greenback suffered as the cyclical rotation into global...
BTCUSD Breaking Lower
Bitcoin is under heavy downside pressure again on Tuesday as a widespread sell-off continues to engulf almost the entire cryptocurrency market. A bearish head and shoulders pattern on the daily time frame currently look to be targeting the $43,500 technical...
HSBC pays dividends again after beating estimates on 2020 profit
HSBC building in the Canary Wharf district of London, U.K. Leon Neal | AFP | Getty Images HSBC on Tuesday reported full-year earnings for 2020 that beat expectations and announced a dividend payout for the first time since the Covid-19...
Dollar Soft as Markets Await Fed Chair Powell Testimony, Oil Jumps
Dollar stays generally soft in Asian session today as markets await Fed Chair Jerome Powell’s testimony. The topics of inflation and surging treasury yields would be the focuses. For the former, Powell would likely talk down the significance of temporary...
Oil is Restoring
After a short correction, oil is restoring, returning to full-scale growth. On Monday, February 22nd, a barrel of Brent costs 63.85 USD. On H4, BRENT is trading in another structure of growth from 60.10, aiming this wave of growth at...
JPMorgan invests in private stock trading venue with Palantir link amid demand for pre-IPO shares
Zanbato Mountain View Office Source: Zanbato JPMorgan Chase is taking a stake in a private stock trading platform with links to Palantir to boost the bank’s efforts to connect buyers and sellers of hot pre-IPO company shares, CNBC has learned....
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