The US dollar continues to post gains and is in positive territory at the start of the week. USD/CAD is trading at 1.2934 in the European session, up 0.20% on the day. Canada unemployment drops Read more…
Stock futures extend slump as China adds to growth concerns; Week Ahead: inflation in focus as earnings season slows; Uber shares slide on report of cost-cutting, hiring slowdown; Apple shares slump amid disruption at key Read more…
EURUSD is tiptoeing around more than five-year low levels and the pair’s efforts to improve seem to be to no avail, leaving no fingerprint of clear gains as the bearish bias overwhelms. That said, the Read more…
Bitcoin is trading near $33.5K on Monday morning, declining for the fifth consecutive day. Over the past 24 hours, losses are 2.3%, and are approaching 14% over the past seven days. Ether loses 3.5% in Read more…
Global stocks are still on edge as worries about the Federal Reserve continued. Futures tied to the DAX and Nasdaq 100 continued dropping in early trading. The sell-off accelerated when the Fed decided to reduce Read more…
The selloff in Chinese Yuan accelerates again today as the Chinese government tightened up city-wide lockdown in Shanghai again. The decision came after President Xi Jinping’s pledge last week to double down on the “battle” Read more…
Gold started Monday’s session on the wrong foot of what it could turn into its fourth consecutive week of declines. The 1,870 area is currently buffering selling tendencies, but the momentum indicators are still feeding scepticism. The Read more…
The Dax 40 tumbles as risk appetite subsides amid global policy tightening. The index has met stiff selling pressure at the origin of the late April sell-off at 14300. A drop below the psychological level Read more…
The Canadian dollar softens as April’s labour market performance fell short of expectations. A combination of a break above March’s high (1.2900) and a bullish MA cross on the daily chart confirms the market’s upbeat Read more…
The US dollar climbed after better-than-expected NFP in April. The euro is licking its wounds after it broke March 2020’s lows near 1.0640. The price is seeking support above March 2017’s lows (1.0500). The previous Read more…