USD/CAD Analysis: Decline Could Continue
The US Dollar declined by 91 points or 0.69% against the Canadian Dollar on Friday. The currency pair failed to surpass the upper boundary of a descending channel pattern during Friday’s trading session. Technical indicators flash selling signals on the...
EU Indices Up | TA Focus On Dechra Pharmaceuticals
INDICESFriday, European stocks were broadly lower. The Stoxx Europe 600 Index slid 1.3%, Germany’s DAX 30 sank 1.7%, France’s CAC 40 and U.K.’s FTSE 100 were down 0.9%. EUROPE ADVANCE/DECLINE70% of STOXX 600 constituents traded lower or unchanged Friday.29% of...
Sterling Mildly Lower on Brexit, Dollar Eyes ECB For Next Move
Markets are rather quiet in Asian session today and trading could remain subdued ahead with US and Canada on holiday. Sterling is generally lower on Brexit news but losses are so far limited. Canadian Dollar is dragged down slightly by...
How Handelsbanken reclaimed its status as the post-crisis ideal
If any European lender has had a good 2020 so far, it’s Handelsbanken. Sweden’s second biggest bank was the ideal of a more cautious, consistent and focused business model after the 2008 and eurozone crises. Now, it’s back in vogue,...
RBC lets clients trade alongside it with new FX recommendation service
FX clients looking for recommendations with the reassurance of knowing the party making them is transacting alongside them can now do just that with a new service from RBC Capital Markets. In May, the bank introduced its active macro overlay...
Dollar Down Trend, Stocks Up Trend Still Intact after Roller-Coaster Ride
Markets experienced a roller-coaster ride in the first week of September. S&P 500 and NASDAQ extended record runs and it looked like DOW was on the way for a catch-up. Then technology stocks led a steep selloff towards the end...
Worries grow over a K-shaped economic recovery that favors the wealthy
People walk by a store going out of business along 125th street in the Harlem neighborhood of New York City, August 7, 2020. Shannon Stapleton | Reuters The story for much of the past generation has been a familiar one...
Two kids, no support system and $167 in unemployment benefits: One single mom’s plight in the age of Covid-19
Jennifer Haynes, a self-employed chef and single mother living in Rancho Cucamonga, Calif., is struggling to make ends meet after unemployment benefits abruptly stopped in July without explanation. Meanwhile, the 42-year-old is the sole provider for twin boys, one of...
US Elections: A Simple Guide and Market Implications
The 3rd of November is the day that American citizens will decide who will lead their country for the next four years. Opinion polls suggest Biden will win, but Trump is quickly closing that polling gap in key battleground states...
Weekly Economic and Financial Commentary: Jobs Rebound Continues, But Signs of Moderation Ahead
U.S. Review Jobs Rebound Continues, But Signs of Moderation Ahead Employers added jobs for the fourth consecutive month in August, bringing the total number of jobs recovered from the virus-related low to 10.5 million. Although the labor market continued to...
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