Canadian Trade Worries Easing, But Domestic Headwinds Remain
The revised version of the United States-Mexico-Canada Agreement (USMCA), or CUSMA in Canada, is now heading to President Trump's desk. The deal was signed...
ECB Preview: Time to Reveal the Scope
The ECB meeting next week is set to focus on the strategic review and not on new policy messages. Media reported that ECB...
Weekly Economic and Financial Commentary: A Pretty Good Start to the Year
U.S. Review
2020 Is Off to a Good Start
Most of this week's economic reports showed the economy ended 2019 with strong momentum, while the...
The Weekly Bottom Line: Canada – Trade Deals Abroad, Decent Data At Home
U.S. Highlights
Data releases over the week reinforce the main themes in the U.S. economy: solid consumption, housing market recovery, faltering business investment and...
Canadian Trade Worries Easing, But Domestic Headwinds Remain
The revised version of the United States-Mexico-Canada Agreement (USMCA), or CUSMA in Canada, is now heading to President Trump's desk. The deal was signed...
Fundamental Analysis
ECB Preview: Time to Reveal the Scope
The ECB meeting next week is set to focus on the strategic review and not on new policy messages. Media reported that ECB...
Fundamental Analysis
Weekly Economic and Financial Commentary: A Pretty Good Start to the Year
U.S. Review
2020 Is Off to a Good Start
Most of this week's economic reports showed the economy ended 2019 with strong momentum, while the...
Fundamental Analysis
The Weekly Bottom Line: Canada – Trade Deals Abroad, Decent Data At Home
U.S. Highlights
Data releases over the week reinforce the main themes in the U.S. economy: solid consumption, housing market recovery, faltering business investment and...
Fundamental Analysis
Forward Guidance: Trade Deals Just One Factor in BoC’s Outlook
The Bank of Canada held interest rates steady throughout 2019 and is widely expected to do so again at its first meeting in 2020....
Fundamental Analysis
The Week Ahead – BOJ, BOC, and ECB to Keep Rates on Hold as Markets Focus on Global PMI Readings and Earnings
The debates on how much of an impact the Phase One trade deal will have on the global outlook will continue as market concerns...
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Canadian Trade Worries Easing, But Domestic Headwinds Remain
The revised version of the United States-Mexico-Canada Agreement (USMCA), or CUSMA in Canada, is now heading to President Trump's desk. The deal was signed...
U.S.-China Agree to Trade Deal that Commits China to Dramatically Raise Imports of U.S. Goods and Services
On January 15th, the U.S. and China signed phase one of a trade deal. The deal removes the threat of additional U.S. tariffs...
US-China Phase I Trade Deal Signed, Execution & Phase II Negotiations the Next Focus
Signing of the Phase I trade deal marks an end of the beginning the trade war between the US and China. While the deal...
After an Impressive New-Year Rally, What Does 2020 Hold for Gold?
Gold has been on a tear lately, reaching heights not scaled since 2013 to temporarily breach the $1600 an ounce level. However, with risk...
Canadian Trade Worries Easing, But Domestic Headwinds Remain
The revised version of the United States-Mexico-Canada Agreement (USMCA), or CUSMA in Canada, is now heading to President Trump's desk. The deal was signed...
Weekly Economic and Financial Commentary: A Pretty Good Start to the Year
U.S. Review
2020 Is Off to a Good Start
Most of this week's economic reports showed the economy ended 2019 with strong momentum, while the...
The Weekly Bottom Line: Canada – Trade Deals Abroad, Decent Data At Home
U.S. Highlights
Data releases over the week reinforce the main themes in the U.S. economy: solid consumption, housing market recovery, faltering business investment and...
Forward Guidance: Trade Deals Just One Factor in BoC’s Outlook
The Bank of Canada held interest rates steady throughout 2019 and is widely expected to do so again at its first meeting in 2020....
The Week Ahead – BOJ, BOC, and ECB to Keep Rates on Hold as Markets Focus on Global PMI Readings and Earnings
The debates on how much of an impact the Phase One trade deal will have on the global outlook will continue as market concerns...
Weekly Focus: Central Banks are Back on Stage
Risk sentiment generally stayed on a strong footing this week as investors heaved a sigh of relief after the US-China phase one trade deal...
U.S.-China Agree to Trade Deal that Commits China to Dramatically Raise Imports of U.S. Goods and Services
On January 15th, the U.S. and China signed phase one of a trade deal. The deal removes the threat of additional U.S. tariffs...
USD/CHF Outlook: Swiss Deflated by Risk Mode; Reversal Pattern Forming on Daily Chart
The pair advances strongly on Friday after US-China trade deal provided relief and boosted appetite for riskier assets. Reversal pattern is forming on daily...
Sunset Market Commentary
Markets
The low volatility risk-on context persisted this morning. China Q4 GDP growth and December data suggested that activity was bottoming as trade tensions eased,...
Strong Earnings Start, GBP Sinks on BOE Cut Odds, Curve Steepener, Oil and Gold Rally
US stocks are rising in what was a very good start to earnings season, which also saw the signing of the phase-one trade deal...
ECB Preview: Time to Reveal the Scope
The ECB meeting next week is set to focus on the strategic review and not on new policy messages. Media reported that ECB...
The Week Ahead – BOJ, BOC, and ECB to Keep Rates on Hold as Markets Focus on Global PMI Readings and Earnings
The debates on how much of an impact the Phase One trade deal will have on the global outlook will continue as market concerns...
Weekly Focus: Central Banks are Back on Stage
Risk sentiment generally stayed on a strong footing this week as investors heaved a sigh of relief after the US-China phase one trade deal...
Week ahead – ECB, BoJ, and BoC Meet Before Crucial European and UK PMIs
It’s going to be an action-packed week, with three major central bank meetings and a storm of economic data likely to keep traders glued...
Sunset Market Commentary
Markets
The low volatility risk-on context persisted this morning. China Q4 GDP growth and December data suggested that activity was bottoming as trade tensions eased,...
EUR/USD Could Go Downwards
On Thursday, the EUR/USD currency pair declined to the 1.1130 level. During today's morning, the pair surpassed the given level.
Note that the exchange rate...
EUR/GBP 4H Chart: Could Edge Lower
The common European currency has surged by 1.47% in value against the British Pound since last week's trading sessions. The currency pair tested a...
The Analytical Overview Of The Main Currency Pairs
The EUR/USD currency pair
Technical indicators of the currency pair:
Prev Open: 1.11496
Open: 1.11351
% chg. over the last day: -0.12
Day's range: 1.11310 - 1.11426
52 wk range:...
EUR/JPY Buy Signals
The 50– hour simple moving average guided the common European currency against the Japanese Yen. The currency pair breached the 122.80 area during yesterday's...
EUR/USD Outlook: Initial Signals Of Reversal Generated After Strong Upside Rejection
The Euro holds stands at the back foot in early Friday's trading and returns below 200DMA (1.1135), adding to negative signal, generated on Thursday's...
The Week Ahead – BOJ, BOC, and ECB to Keep Rates on Hold as Markets Focus on Global PMI Readings and Earnings
The debates on how much of an impact the Phase One trade deal will have on the global outlook will continue as market concerns...
Weekly Focus: Central Banks are Back on Stage
Risk sentiment generally stayed on a strong footing this week as investors heaved a sigh of relief after the US-China phase one trade deal...
Week ahead – ECB, BoJ, and BoC Meet Before Crucial European and UK PMIs
It’s going to be an action-packed week, with three major central bank meetings and a storm of economic data likely to keep traders glued...
NZDJPY Cautiously Positive In Short-Term, Golden Cross Registered
NZDJPY restored positive momentum after diving as low as 71.22 last week and is now approaching the 73.51 top registered in late-December.
The upward-sloping RSI...
USD/JPY Could Consolidate
Yesterday, the USD/JPY currency pair traded upwards. During Friday morning, the rate was testing the resistance level formed by the weekly R1 and the...
USDJPY 111.00 Target
The US dollar has broken to a fresh weekly trading high against the Japanese yen currency, with the pair trading firmly above the 110.00...
USD Strengthens On Improved US Data…
The USD strengthened against a number of other currencies yesterday as financial releases tended to favour the greenback. Specifically, the US headline retail sales...
The Analytical Overview Of The Main Currency Pairs
The EUR/USD currency pair
Technical indicators of the currency pair:
Prev Open: 1.11496
Open: 1.11351
% chg. over the last day: -0.12
Day's range: 1.11310 - 1.11426
52 wk range:...
EUR/JPY Buy Signals
The 50– hour simple moving average guided the common European currency against the Japanese Yen. The currency pair breached the 122.80 area during yesterday's...
GBPJPY Rises Near Upper Boundary Of The Trading Range
GBPJPY is trading sideways over the last month, struggling within the 50.0% Fibonacci retracement level of the downleg from 147.95 to 140.80 near 144.40...
Weekly Economic and Financial Commentary: A Pretty Good Start to the Year
U.S. Review
2020 Is Off to a Good Start
Most of this week's economic reports showed the economy ended 2019 with strong momentum, while the...
The Week Ahead – BOJ, BOC, and ECB to Keep Rates on Hold as Markets Focus on Global PMI Readings and Earnings
The debates on how much of an impact the Phase One trade deal will have on the global outlook will continue as market concerns...
Weekly Focus: Central Banks are Back on Stage
Risk sentiment generally stayed on a strong footing this week as investors heaved a sigh of relief after the US-China phase one trade deal...
Week ahead – ECB, BoJ, and BoC Meet Before Crucial European and UK PMIs
It’s going to be an action-packed week, with three major central bank meetings and a storm of economic data likely to keep traders glued...
Sunset Market Commentary
Markets
The low volatility risk-on context persisted this morning. China Q4 GDP growth and December data suggested that activity was bottoming as trade tensions eased,...
Strong Earnings Start, GBP Sinks on BOE Cut Odds, Curve Steepener, Oil and Gold Rally
US stocks are rising in what was a very good start to earnings season, which also saw the signing of the phase-one trade deal...
GBP/USD Drops On Weak Retail Sales
UK data this week has been dismal. UK retail sales was the latest release to disappoint:
MoM -0.6% vs +0.6% exp.
YoY +0.9% vs...
GBP/USD Tested Weekly PP
Yesterday, the GBP/USD exchange rate raised to the 1.3080 level. During Friday morning, the rate tested the resistance level—the weekly PP at 1.3099.
On the...
EUR/GBP 4H Chart: Could Edge Lower
The common European currency has surged by 1.47% in value against the British Pound since last week's trading sessions. The currency pair tested a...
GBPUSD 1.3100 Test
The British pound is testing towards the 1.3100 level against the US dollar, following a bullish breakout above the 1.3065 resistance level. The GBPUSD...
USD/CHF Outlook: Swiss Deflated by Risk Mode; Reversal Pattern Forming on Daily Chart
The pair advances strongly on Friday after US-China trade deal provided relief and boosted appetite for riskier assets. Reversal pattern is forming on daily...
USD/CHF 4H Chart: Decline Likely To Continue
During the past week, the US Dollar has declined by 1.28% in value against the Swiss Franc. The currency pair was pressured down by...
USD/CHF Continuation Of The Rebound
Pivot (invalidation): 0.9635
Our preference Long positions above 0.9635 with targets at 0.9665 & 0.9680 in extension.
Alternative scenario Below 0.9635 look for further downside with...
Swiss Franc Reverses Its Gains In The Asian Session
For the 24 hours to 23:00 GMT, the USD declined 0.62% against the CHF and closed at 0.9650.
In the Asian session, at GMT0400, the...
CHFJPY Flies Near 13-Month High, Positive In Medium Term
CHFJPY has been in a flying mode over the last six days and today, it recorded a new 13-month peak of 114.30. The RSI...
USD/CHF Outlook: Swiss Franc Rises To New Multi-Month High Vs Dollar
The Swiss franc continues to shine and extended larger strength against US dollar to new highest level since September 2018 on Thursday.
Fresh rally was...
USD/CHF Under Pressure
Pivot (invalidation): 0.9660
Our preference Short positions below 0.9660 with targets at 0.9625 & 0.9605 in extension.
Alternative scenario Above 0.9660 look for further upside with...
US And Australian Stocks Rise As US And China Sign Trade Deal
Wall Street rallied yesterday as traders reacted to the signing of the phase one of the US and China trade deal. The document, which...
Swiss Franc Trading Lower In The Asian Session
For the 24 hours to 23:00 GMT, the USD declined 0.75% against the CHF and closed at 0.9637.
In the Asian session, at GMT0400, the...
Happy 5 Year Anniversary To SNB Peg Removal!
As soon as China was removed from the list of currency manipulators earlier this week, Switzerland was added. Strength in EUR/CHF has always been...
Canadian Trade Worries Easing, But Domestic Headwinds Remain
The revised version of the United States-Mexico-Canada Agreement (USMCA), or CUSMA in Canada, is now heading to President Trump's desk. The deal was signed...
The Weekly Bottom Line: Canada – Trade Deals Abroad, Decent Data At Home
U.S. Highlights
Data releases over the week reinforce the main themes in the U.S. economy: solid consumption, housing market recovery, faltering business investment and...
Forward Guidance: Trade Deals Just One Factor in BoC’s Outlook
The Bank of Canada held interest rates steady throughout 2019 and is widely expected to do so again at its first meeting in 2020....
Week ahead – ECB, BoJ, and BoC Meet Before Crucial European and UK PMIs
It’s going to be an action-packed week, with three major central bank meetings and a storm of economic data likely to keep traders glued...
The Analytical Overview Of The Main Currency Pairs
The EUR/USD currency pair
Technical indicators of the currency pair:
Prev Open: 1.11496
Open: 1.11351
% chg. over the last day: -0.12
Day's range: 1.11310 - 1.11426
52 wk range:...
USD/CAD Could Edge Lower
The US Dollar surged by 24 basis points against the Canadian Dollar on Thursday. The currency pair traded between the 50– hour SMA resistance...
USDCAD Needs Rally Above 1.3100 For Bulls To Gain Traction
USDCAD is retreating below the 50- period simple moving average (SMA) in the four-hour chart which nicely kept the bears under control on Thursday.
Technically...
USD/CAD Continuation Of The Rebound
Pivot (invalidation): 1.3035
Our preference Long positions above 1.3035 with targets at 1.3065 & 1.3080 in extension.
Alternative scenario Below 1.3035 look for further downside with...
Canada’s ADP Employment Change Advanced Less-Than-Expected In December
For the 24 hours to 23:00 GMT, the USD rose 0.41% against the CAD and closed at 1.3042.
Data showed that Canada's ADP employment rose...
The Analytical Overview Of The Main Currency Pairs
The EUR/USD currency pair
Technical indicators of the currency pair:
Prev Open: 1.11282
Open: 1.11496
% chg. over the last day: +0.22
Day's range: 1.11446 - 1.11581
52 wk range:...
The Week Ahead – BOJ, BOC, and ECB to Keep Rates on Hold as Markets Focus on Global PMI Readings and Earnings
The debates on how much of an impact the Phase One trade deal will have on the global outlook will continue as market concerns...
Week ahead – ECB, BoJ, and BoC Meet Before Crucial European and UK PMIs
It’s going to be an action-packed week, with three major central bank meetings and a storm of economic data likely to keep traders glued...
USD Strengthens On Improved US Data…
The USD strengthened against a number of other currencies yesterday as financial releases tended to favour the greenback. Specifically, the US headline retail sales...
AUD/USD Outlook: Solid China’s Data Inflate Aussie But Price Action Is Still Within The Range
The Australian dollar regained traction and advanced towards multi-day range tops, following strong upside rejection on Thursday after the price spiked to 0.6933 but...
AUD/USD Bounces Off Support
The Australian Dollar made about 43 basis points against the US Dollar on Thursday. The 200– hour simple moving average provided support for the...
AUD/USD Key Resistance At 0.6905
Pivot (invalidation): 0.6905
Our preference Short positions below 0.6905 with targets at 0.6875 & 0.6865 in extension.
Alternative scenario Above 0.6905 look for further upside with...
Asian Stocks Rise On Positive Chinese Asset Investment
Asian stocks rose today as the market reflected on positive economic data from China. The country’s economy rose by 6.0% in the fourth quarter....
Aussie Trading Marginally Lower In The Asian Session
For the 24 hours to 23:00 GMT, the AUD declined 0.68% against the USD and closed at 0.6896.
LME Copper prices rose 1.1% or $68.5/MT...
Cliff Notes: Terms of US/China Trade Deal to Test Market Optimism in 2020
Key insights from the week that was.
Global trade has been on the market’s mind this week as the US/China trade deal was signed and...
Market Morning Briefing: Pound Is Trying To Slowly Inch Higher
STOCKS
Dow has breached the 29000-29050 resistance zone as against our view of seeing a corrective fall from there. A further rise is possible while...
Week ahead – ECB, BoJ, and BoC Meet Before Crucial European and UK PMIs
It’s going to be an action-packed week, with three major central bank meetings and a storm of economic data likely to keep traders glued...
NZDJPY Cautiously Positive In Short-Term, Golden Cross Registered
NZDJPY restored positive momentum after diving as low as 71.22 last week and is now approaching the 73.51 top registered in late-December.
The upward-sloping RSI...
NZD/USD Two Scenarios Likely
The New Zealand Dollar made about 39 basis points against the US Dollar on Thursday. The currency pair breached a support cluster formed by...
Aussie And Kiwi Post Shooting Stars Ahead Of Key Chinese Data
Both the AUD/USD and the NZD/USD put in shooting star candlestick formations on daily timeframes ahead of key Chinese Data due out later:
AUD/USD
NZD/USD
Shooting...
NZD/USD Bullish Sentiment Likely To Continue
The New Zealand Dollar has surged by 60 basis points against the US Dollar since Wednesday's trading session. A breakout occurred through the upper...
NZDUSD Maintains Bearish Picture In Very Short-Term
NZDUSD traded with losses over the last two weeks, following the pullback off the five-month high of 0.6754 and now, it is creating a...
NZD/USD Could Still Edge Lower
The New Zealand Dollar declined by 28 basis points against the US Dollar on Tuesday. The currency pair tested the lower boundary of an...
NZD/USD Analysis: Decline Likely To Continue
The New Zealand Dollar declined by 32 basis points against the US Dollar on Monday. The NZD/USD currency pair continued to trade in the...
NZ Business Sentiment Bounces From 11-Year Lows
Add business sentiment to the growing list of economic data that continues to outperform expectations in NZ.
Back in Q3 the index has dropped to...
NZD/USD Potential Decline
The New Zealand Dollar surged by 43 basis points against the US Dollar on Friday. The currency pair tested the upper boundary of a...
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