Retail sales surged by 1.3% in November, defying Statistics Canada's preliminary forecast which called for a flat reading. Adjusting for price effects, the...
Markets
January PMI’s confirmed the gut feeling of an economic setback caused by fresh and extended lockdown measures to fight Covid-19 (mutants). The EMU composite...
Markets
January PMI’s confirmed the gut feeling of an economic setback caused by fresh and extended lockdown measures to fight Covid-19 (mutants). The EMU composite...
During Friday morning hours, the EUR/USD currency pair tested the resistance level—the weekly R1 at 1.2185.
If the predetermined resistance level holds, it is likely...
Yesterday, the GBP/USD exchange rate bounced off the upper boundary of the rising wedge pattern.
From a theoretical point of view, it is likely that...
During today's morning hours, the USD/JPY currency pair has been testing the 100-hour SMA near 103.70.
If the predetermined resistance holds, it is likely that...
Markets
January PMI’s confirmed the gut feeling of an economic setback caused by fresh and extended lockdown measures to fight Covid-19 (mutants). The EMU composite...
During Friday morning hours, the EUR/USD currency pair tested the resistance level—the weekly R1 at 1.2185.
If the predetermined resistance level holds, it is likely...
The EUR/USD currency pair
Technical indicators of the currency pair:
Prev Open: 1.2104
Prev Close: 1.2162
% chg. over the last day: +0.48%
At the end of Thursday, EUR/USD...
Markets
January PMI’s confirmed the gut feeling of an economic setback caused by fresh and extended lockdown measures to fight Covid-19 (mutants). The EMU composite...
During today's morning hours, the USD/JPY currency pair has been testing the 100-hour SMA near 103.70.
If the predetermined resistance holds, it is likely that...
The EUR/USD currency pair
Technical indicators of the currency pair:
Prev Open: 1.2104
Prev Close: 1.2162
% chg. over the last day: +0.48%
At the end of Thursday, EUR/USD...
EUR/USD
Current level - 1.2171
At the beginning of the week, the single European currency reached the local low at the support level of 1.2062, after...
Key Highlights
USD/JPY extended its decline below the 103.50 support.
A major bearish trend line is forming with resistance near 103.80 on the 4-hours...
Stock markets are broadly flat on Thursday as numerous central banks held their first policy meetings of the year and earnings season continued.
So much...
The EUR/USD currency pair
Technical indicators of the currency pair:
Prev Open: 1.2126
Prev Close: 1.2105
% chg. over the last day: -0.17%
EUR/USD was the weakest pair at...
Markets
January PMI’s confirmed the gut feeling of an economic setback caused by fresh and extended lockdown measures to fight Covid-19 (mutants). The EMU composite...
Yesterday, the GBP/USD exchange rate bounced off the upper boundary of the rising wedge pattern.
From a theoretical point of view, it is likely that...
The euro bounced back today after relatively strong economic data from Europe. In Germany, survey data by ZEW showed that the current conditions improved...
EURCHF has abated to the mid-Bollinger band around 1.0819 after recent attempts to appreciate, including the false break out of 1.0891, were capped by...
Since November, the AUD/CHF exchange rate has been trading within a rising wedge pattern.
From a theoretical perspective, it is likely that a breakout south...
USDCHF remains negatively skewed on the four-our chart as the 100-period simple moving averages (SMAs) and the Ichimoku cloud capped the pair’s recent bounce...
Since September, the NZD/CHF exchange rate has been appreciating within a rising wedge pattern.
From a theoretical perspective, it is likely that the currency pair...
US stocks fell sharply yesterday as investors remained fixated on the rising number of coronavirus cases in the United States. The Dow Jones declined...
Retail sales surged by 1.3% in November, defying Statistics Canada's preliminary forecast which called for a flat reading. Adjusting for price effects, the...
The EUR/USD currency pair
Technical indicators of the currency pair:
Prev Open: 1.2104
Prev Close: 1.2162
% chg. over the last day: +0.48%
At the end of Thursday, EUR/USD...
USDCAD stretched its March downtrend to a fresh 33-month low of 1.2588 on Thursday before completing the day with a bullish doji candle.
The positive...
The EUR/USD currency pair
Technical indicators of the currency pair:
Prev Open: 1.2126
Prev Close: 1.2105
% chg. over the last day: -0.17%
EUR/USD was the weakest pair at...
Markets
Sterling grabbed the market spotlights in an otherwise calm trading session. At the onset of European dealings, EUR/GBP hovered around levels seen earlier this...
The dollar wilts before the US stimulus trade
The dollar index remained almost unchanged at 90.45 overnight, with much of the dollar’s retreat seen amongst...
AUDUSD is buying the shortfall from January's top of 0.7819 thanks to the 20-day simple moving average (SMA), which managed to cancel bearish forces...
The price of crude oil declined in overnight trading after a sudden increase in US oil inventories. According to the American Petroleum Institute (API),...
December Labour Force Survey. Total employment: 50k from 90k (unrevised from 90k); Unemployment rate: 6.6% from 6.8% (unrevised 6.8%); Participation rate: 66.2% from 66.1%...