Market Morning Briefing: Aussie Has Resistances At 0.6870/80
STOCKS Equity segment seems to be turning cautious within their broader uptrend ahead of the US Federal Reserve meeting today. It will be important to see what the central bank says about its future policy path as a 25bps rate...
The BOC and The Canadian Dollar
The Bank of Canada meets tomorrow and must decide whether they need to cut rates or leave them unchanged at 1.75%. The market is expecting the BOC to leave rates unchanged, as inflation is hovering near 2.0% and GDP has...
HKD/JPY 1H Chart: Rising Wedge Pattern In Sight
The Hong Kong Dollar has been appreciating against the Japanese Yen since the beginning of September. This movement has been bounded in the rising wedge pattern. As apparent on the chart, the HKD/JPY exchange rate has been trying to breach...
Market Morning Briefing: The USDCNY Has Support Near 6.05
STOCKS The US considering to extend the tariff exclusion and the UK getting an extension on the Brexit are keeping the sentiments and hopes highly positive. Major indices like the Dow, DAX, Nikkei and Shanghai have risen on this backdrop....
Spot gold falls on fresh risk appetite
Spot gold dipped well below $1500 mark on Monday after news about significant progress in US/China trade talks boosted risk sentiment. Fresh weakness is on track to complete reversal pattern on daily chart, formed after strong rally last Thursday, strong...
GBP/USD Outlook: Fresh Brexit News Inflate Pound And Generate Initial Signal Of Pullback’s Stall
Cable jumped to the session high at 1.2859 in early Monday’s trading following the latest news that the EU will most likely delay Brexit until 31 Jan. Fresh optimism inflated pound and adds to positive signal that is developing on...
RISK ON!!
In what was thought to be a slow Friday as we wait for the plethora of data, earnings, and FOMC meeting next week, stock Indices are trading at or near all time highs today as the USTR said they are...
USD/CAD Lower Ahead of BOC and FOMC Next Week
Next week on October 30th, the Bank of Canada will meet and will decide if the Canadian economy is in need of a rate cut. (Coincidentally, this is the same date of the next FOMC meeting). The BOC will also...
EUR/USD Squeezed By 100– And 200-Hour SMAS
Yesterday, the EUR/USD currency pair declined to the support provided by the 200-hour SMA at 1.1109. During Friday morning, the pair was trying to surpass the 55-hour SMA at 1.1120. Given that the exchange rate is pressured by the 100-hour...
GBP/USD Tests Weekly PP
On Thursday, the GBP/USD exchange rate tried to surpass the support level formed by the weekly PP at 1.2832. During today’s morning, the rate continued to test the given support. Note that the currency pair is pressured by the 55-,...
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