EUR/CAD 4H Chart: Selling Signals
The single European currency has edged lower by 1.00% against the Canadian Dollar since the beginning of February. The currency pair breached the 50–” period SMA last week. Technical indicators suggest selling signals on the daily time-frame chart. The exchange...
NZD/USD Bulls Likely To Prevail
The New Zealand Dollar surged by 48 pips or 0.66% against the US Dollar on Friday. The currency pair breached the 50– and 200– hour SMAs during Friday’s trading session. All things being equal, the exchange rate could continue to...
Yen Accelerates Downward as Strong GDP Lifts Nikkei Above 30k
Yen and Dollar are under selling pressure today on strong risk-on markets. Nikkei closed above 30k handle for the first time in 30 years, as lifted by stronger than expected GDP data. Swiss Franc is following closely as third weakest....
5 Themes & 6 Charts To Watch
Meme stocks continue to make waves but economic data and central banks are afterthoughts at the moment. As the market continues to look past the virus, few themes have emerged. Inflation and US stimulus are commonly-cited ones but we go...
ollar Tumbled on Risk-On Sentiments Again, Ignored Yield Strength
Dollar ended as the worst performing one, reversing much of prior week’s rebound. Risk-on sentiments appeared to be leading the greenback lower again, and boosted Australian Dollar as the strongest one. But the development in other major currencies were less...
The GameStop mania might be over, but retail investors look here to stay
Luis Alvarez The GameStop bubble has come and gone but the rookie investors who speak emoji and Reddit may be here to stay with big implications for brokerage firms, as well as traditional investors who must pay closer attention to...
SPACs used to be a joke in Silicon Valley — now they’re going mainstream
The New York Stock Exchange welcomes Desktop Metal Inc. (NYSE: DM), today, Thursday, December 10, 2020, in celebration of its listing. To honor the occasion, Ric Fulop, Co-Founder and CEO, rings The Opening Bell®. NYSE Roger Lee of Battery Ventures...
Weekly Economic & Financial Commentary: Mixed Finish to 2020, Soft Start to 2021
U.S. Review Inflation Comes Back in Focus Market attention was concentrated on the January consumer price data, as inflation has come back into focus. There is renewed concern among market participants that inflation is about to take off once the...
The Weekly Bottom Line: Moving In The Right Direction
U.S. Highlights The headline Consumer Price Index rose 0.3% in January and was up 1.4% year-on-year. Removing food and energy prices, the core index was flat on the month and slowed to 1.4% year-on-year from 1.6% in December. Small business...
Week Ahead: Holidays, Lockdowns, Inflation and Platinum
It’s the Chinese Lunar New Year: the year of the ox! However, restrictions are in place to prevent people from traveling over the holiday. Lockdowns are still in full swing in many countries while monetary and fiscal stimulus continue to...
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