Check back for updates throughout the trading day U.S. equity futures moved higher Friday, setting up the Dow for its eighth consecutive session gain, as lower Treasury yields tied to bets on an autumn Fed Read more…
The Hang Seng Index has transformed into a medium-term uptrend phase with key support at 17,110. Momentum factor is now taking a front seat over fundamentals such as the deflationary risk spiral. A softer than-expected Read more…
The Canadian dollar is almost unchanged on Friday. USD/CAD is up 0.03%, trading at 1.3680 in the European session at the time of writing. Canada’s job growth expected to rebound Canada releases the April employment Read more…
Yesterday, the Bank of England published its interest rate decision. According to ForexFactory, the votes were distributed as follows: → rate hike – 0 votes, cut – 2 votes, unchanged – 7 (0 – 2 Read more…
The British pound is drifting on Friday. GBP/USD is up 0.05%, trading at 1.2531 in the European session at the time of writing. UK GDP rises 0.6% The British economy grew by 0.6% q/q in Read more…
AUDUSD repeatedly fails to conquer the 0.6643-0.6666 range But outlook is positive as price holds above 50 and 200-day SMAs Momentum indicators deteriorate but remain in positive zones AUDUSD has been in a steady advance since Read more…
USDCAD may retest the uptrend line MACD and RSI lose steam USDCAD is sliding beneath the 20-day simple moving average (SMA) and is approaching the medium-term ascending trend line around the 1.3630-1.3610 support region. Technically, Read more…
Daily Pivots: (S1) 1.0742; (P) 1.0764; (R1) 1.0803; More… Intraday bias in EUR/USD stays neutral at this point. Further rally is expected as long as 55 4H EMA (now at 1.0741) holds. On the upside, Read more…
Daily Pivots: (S1) 1.2471; (P) 1.2499; (R1) 1.2552; More… Intraday bias in GBP/USD remains neutral at this point, as it recovered after dipping to 1.2445. Strong bounce from current level will retain near term bullishness. Read more…
Daily Pivots: (S1) 0.9042; (P) 0.9071; (R1) 0.9087; More…. Intraday bias in USD/CHF remains neutral at this point, and outlook is unchanged. Further decline is in favor as long as 55 4H EMA (now at Read more…