Retail sales rose 0.7% month-on-month (m/m) in August, partially reversing July’s large decline. Adjusting for the impact of inflation, the volume of sales was up 1.1% on the month. Statistics Canada’s flash estimate for September Read more…
Daily Pivots: (S1) 0.9748; (P) 0.9797; (R1) 0.9838; More… Intraday bias in EUR/USD remains neutral for the moment. Deeper decline is expected with 0.9998 resistance intact. Below 0.9630 will bring retest of 0.9534 low first. Read more…
Daily Pivots: (S1) 1.1162; (P) 1.1249; (R1) 1.1327; More… Intraday bias in GBP/USD stays neutral and outlook is unchanged. On the upside, break of 1.1494 will resume the rise from 1.0351 to 61.8% projection of Read more…
Daily Pivots: (S1) 0.9995; (P) 1.0032; (R1) 1.0069; More… USD/CHF’s break of 1.0072 resistance confirms up trend resumption. Intraday bias is back on the upside. Current up trend should target 1.0283 projection level. On the Read more…
Enlarge (credit: Suebsiri Srithanyarat / EyeEm / Getty Images) A ransomware attack on the Los Angeles Unified School District in the first week of September crippled digital operations across the system, which includes more than Read more…
Watch the latest market analysis live at the Wall Street open as Snap tumbles on earnings and reports of a potential security review sends Twitter stock lower. Watch TheStreet’s Market Open: More on Today’s Topics: Read more…
USDJPY rising inside impulse wave (iii) Likely to test resistance level 152.50 USDJPY continues to rise inside the short-term impulse wave (iii), which belongs to the higher order impulse waves 3 and (5). The pair Read more…
EURGBP reversed from support level 0.8600 Likely to rise to resistance level 0.8800 EURGBP currency pair recently reversed up with the daily Long-legged Doji from the pivotal support level 0.8600 (which has been reversing the Read more…
Natural gas falling inside impulse wave (c) Likely to fall to support level 5.365 Natural gas continues to fall inside the short-term impulse wave (c) which previously broke the support level 6.500 (which stopped wave Read more…
Welcome to Forex Friday, a weekly report in which we discuss selected currency themes mainly from a macro viewpoint, but we also throw in a pinch of technical analysis here and there. In this week’s Read more…