US-China Tensions Resurface Putting A Wrench To Recent Risk-On Sentiment
Notes/Observations Geopolitical Tensions simmer after China stated the US ordered it to close its consulate in Houston citing issues over intellectual property Asia: Japan July Preliminary PMI Manufacturing 42.6 v 40.1 prior (15th straight contraction) Australia Jun Preliminary Retail Sales...
GBP/USD Outlook: Bulls Lose Traction On Approach To Key Barrier
Cable pulls back from new 1 ½ month high (1.2767) on Wednesday, as bulls started to lose traction on approach to key barrier at 1.2813 (10 Jun high). Tuesday’s break and close above 200DMA (1.2697) was strong bullish signal which...
GBP/USD Outlook: Bulls Lose Traction On Approach To Key Barrier
Cable pulls back from new 1 ½ month high (1.2767) on Wednesday, as bulls started to lose traction on approach to key barrier at 1.2813 (10 Jun high). Tuesday’s break and close above 200DMA (1.2697) was strong bullish signal which...
GBP/USD Outlook: Bulls Lose Traction On Approach To Key Barrier
Cable pulls back from new 1 ½ month high (1.2767) on Wednesday, as bulls started to lose traction on approach to key barrier at 1.2813 (10 Jun high). Tuesday’s break and close above 200DMA (1.2697) was strong bullish signal which...
Dollar Stays Pressured as Gold Targets 1920 Record High
There is no apparent slow down in rally in commodity currencies against Dollar, even though risk markets turned mixed in Asian session. Australian Dollar continues to lead the way higher. Canadian Dollar is also firm as WTI oil price breach...
USD Gets Crushed Against Its Major Pairs
USD gets crushed against its major pairs AUD/USD posts a large gain, a new uptrend may be in the works. The US Dollar was bearish against all of its major pairs on Tuesday. – advertisement – On the economic data...
Analysts warn of ‘double edged sword’ in China market rally as investors indulge in frenzied, risky trading
Shareholders watch the stock market in a securities business hall. Nanjing, Jiangsu Province, China, 6 July 2020. Costfoto | Barcroft Media | Getty Images China’s recent stock market rally is raising fears that it’s being driven by retail investors indulging...
USD/JPY Outlook: Fresh Weakness Needs Confirmation on Close Below Key Fibo Support at 106.87
The pair accelerated lower in early US session on Tuesday, dragged by dollar index’s breach of key near-term support, with weakness also being fueled by strong risk appetite in the market. Triggering stops at 107 zone also contributed to the...
Canada: Retail Sales Begin Their Recovery in May as Lockdown Measures Ease
The information contained in this report has been prepared for the information of our customers by TD Bank Financial Group. The information has been drawn from sources believed to be reliable, but the accuracy or completeness of the information is...
Canada Retail Sales Bounced Back in May/June
May retail sales grew 18.7% from April Sales rebounded across the board – online sales remained elevated from year-ago Preliminary estimate points to further growth (24.5%) in June; pace to moderate afterwards Retail sales recorded a sharp 18.7% rise in...
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