Dollar Mixed in Subdued Trading, With Prospect of Recovery Before Close
The forex markets are generally stuck inside yesterday’s range in subdued trading today. Chinese stocks attempted a recovery at the start of the session, but quickly turned into red again, continuing with Thursday’s mini-crash. Other Asian markets are mixed though,...
ECB: Lagarde Reiterated to Use All EUR 1.35 trillion of Emergency Purchases to Lift Inflation
ECB at the July meeting maintained all the monetary policy measures unchanged. President Christine Lagarde acknowledged the encouraging economic recovery in May and June. She also suggested that the rebound will continue into 3Q20, as supported by monetary and fiscal...
Market Morning Briefing: Euro Dipped Below 1.14
STOCKS Equities look mixed. The immediate resistances on the Dow and Nikkei are holding well but at the same time the market seems not wanting to take profit off the table here itself. Both the Dow and Nikkie can dip...
Data doubts undermine treasury use of risk quantification
A recent report from Greenwich Associates found that 60% of corporate treasury professionals felt it was not possible to establish best practices for FX. Yet only one in five of the large companies surveyed employ the variance at risk (VaR)...
The market is at a crossroads with surging coronavirus cases and the election looming, Ally Invest strategist says
One of Wall Street’s top strategists is reining in her summer rally forecast. Ally Invest’s Lindsey Bell cites the spike in coronavirus cases across the country as the main catalyst behind her decision. “In the last couple of weeks, especially...
US 30 Index Improves Above MA’s and Ichimoku Cloud
US 30 stock index (Cash) is preserving its recent positive sentiment despite a pullback from the 27,178 level. The climb in the index is aided by the upward sloping simple moving averages (SMAs). Furthermore, the intact positive charge of the...
USD/CAD Yawns Despite Strong Data in Canada, US
USD/CAD has recorded slight gains on Thursday, after posting strong losses on Wednesday. Currently, the pair is trading quietly at 1.3534, up 0.19% on the day. On the fundamental front, there were strong numbers on both sides of the border....
Homebuilder sentiment jumps back to pre-coronavirus pandemic high
To find a V-shaped recovery from the economic wreckage of the coronavirus pandemic, look to the nation’s single-family homebuilders. Homebuilder sentiment jumped 14 points to 72 in July, according to the National Association of Home Builders/Wells Fargo Housing Market Index....
Weekly jobless claims rise by more than 1 million for 17th straight week
The number of Americans who filed for unemployment benefits rose more than expected last week as the country continues to grapple with the economic impacts of the coronavirus pandemic. Initial weekly jobless claims came in at 1.3 million for the...
Dollar Firms Up as Chinese Stocks Drag Others Lower, Euro Firm after ECB
The sharp reversal in Chinese stocks is somewhat weighing on global sentiments today. European indices are generally in red while US stocks also open mildly lower. Dollar firms up mildly but upside momentum is unclear for now. Euro is also...
Signal2forex.com - Best Forex robots and signals




