The Bank of Canada today reduced its target for the overnight rate to 4¼%, with the Bank Rate at 4½% and the deposit rate at 4¼%. The Bank is continuing its policy of balance sheet Read more…
Risk aversion continues to dominate the global financial markets today, although the weakness in US futures has been relatively contained. While some volatility could arise from the US JOLTS labor market data, traders would largely Read more…
Some cruise passengers seem to have a sense of entitlement, or maybe they like trying to get something for nothing as a sort of sport. These are the people who demand a refund or onboard Read more…
LVMH has tapped into its strongest competitor’s executive team and snatched a key member in hopes of reversing its plummeting sales amid a struggling luxury market. The French luxury fashion house LVMH is one Read more…
It appears that every week Boeing (BA) seems to sink deeper into controversy, and it may not get any better anytime soon. This week, the aerospace company is facing a major threat from its employees, Read more…
Daily Pivots: (S1) 1.1018; (P) 1.1051; (R1) 1.1075; More…. Intraday bias in EUR/USD stays neutral at this point. While retreat from 1.1200 might extend lower, rally from 1.0665 is in favor to continue as long Read more…
Daily Pivots: (S1) 1.3084; (P) 1.3119; (R1) 1.3150; More… No change in GBP/USD’s outlook as consolidation from 1.3265 is still in progress. Intraday bias remains neutral for the moment. While deeper retreat cannot be ruled Read more…
Daily Pivots: (S1) 0.8474; (P) 0.8506; (R1) 0.8534; More… Intraday bias in USD/CHF remains neutral at is point. Further decline is expected as long as 0.8540 resistance holds. Break of 0.8339 will resume the fall Read more…
Daily Pivots: (S1) 144.68; (P) 145.94; (R1) 146.73; More… Range trading continues in USD/JPY in 143.43/147.20 and intraday bias remains neutral. Further rally will remain in favor as long as 143.43 support holds. Above 147.20 Read more…
Gold prices are trending down due to a lack of safe-haven bids and a strong US Dollar. Upcoming US jobs data and interest rate decisions will significantly impact gold’s future performance. September is historically a Read more…