EURJPY Denied a Close Below Tough Support of 115.86
EURJPY today pushed below the 115.86 low of September 2019 producing a 3-year low of 115.71. The pair bounced off this level, that being the 123.6% Fibonacci extension of the up leg from 116.35 to 119.03 driving the price to...
Good News?? Initial Claims Only 4.4 Million
Initial Claims released earlier today showed that 4,427,000 Americans filed for initial jobless claims for the week ending April 18th vs an expectation of 4,200,000 and 5,237,000 last. There have now been over 25,000,000 Americans apply for Initial Jobless claims...
Jobless Claims Trajectory Improves, EZ Disastrous Data
Jobless claims trajectory improves, EZ disastrous data, BOJ ponders unlimited purchases, Oil rebound continues, Gold shines, Bitcoin soars Financial markets have quickly adjusted to a disheartening pace in filings for unemployment benefits. The coronavirus crisis has now wiped out 26.45...
USDCAD Can be Turning Bullish Again – Elliott Wave Analysis
USDCAD made a rally recently from the 1.385 level, which is a sign that a higher degree wave 4) correction is completed, and that a new five-wave cycle is underway into a wave 5). That said, for further evidence that...
Euro Downside Breakout after Terrible PMIs, Dollar Dragged by Jobless Claims
Euro suffers heavy selling in today on terrible PMI data, which suggests that the coronavirus pandemic damage could be far more severe than imaginable. The common currency drags down the Swiss Franc too. Dollar couldn’t ride on Euro’s weakness and...
Another 4.3 million workers expected to have filed unemployment claims
Eddie Rodriguez (R) and other City of Hialeah employees hand out unemployment applications to people in their vehicles in front of the John F. Kennedy Library on April 08, 2020 in Hialeah, Florida. Joe Raedle | Getty Images Another 4.3...
Coronavirus: France takes the lead on SME funding
Given how little cash small businesses tend to keep in reserve, the speed at which banks are able to dispense government-backed emergency loans will be vital to an economy’s ability to weather Covid-19 lockdowns. In France banks are confident that...
EURUSD Bears Challenge Triangle To Get Full Control
EURUSD has been making lower highs and higher lows since the end of March on the four-hour chart, forming a shape of a symmetrical triangle, which looks to be at risk at the moment. The momentum indicators are currently indicating...
Takeaway.com’s $7.6 billion takeover of food delivery rival Just Eat approved by UK regulator
An employee makes a pizza next to a Just Eat Plc branded delivery bag in the kitchen of The Fat Pizza takeaway pizza restaurant in Southend-on-Sea, U.K., on Thursday, Dec 19, 2019. Chris Ratcliffe | Bloomberg via Getty Images Dutch...
ECB Eases Collateral Rules And Gives Italy A New Lifeline
Market movers today After a few days with only tier-2 data, we will get a host of important data and events today. On the data side, the PMIs will attract a lot of attention. While the economic impact is still...
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