The trucking industry recession over the last year has been characterized by decreased demand for shipping which has led to lower freight rates and inflationary conditions that brought on higher operating costs. Interest rates also Read more…
Cryptocurrencies benefit from Trump’s win Ethereum finds resistance at the 200-day SMA Momentum indicators confirm the bullish pressure Ethereum has been benefiting from the outcome of the US presidential election by recording strong gains and Read more…
GBPJPY retreats somewhat, but broader picture remains positive Momentum oscillators suggest declines GBPJPY retreats after several attempts to touch the 200.00 round number, but the short-term bias remains positive. From a technical perspective, there is Read more…
US President-elect Trump’s proposed policies may trigger a further upside movement on longer-term US Treasury yields. A break above the 4.49% on the US Treasury yield may see a further potential rally towards 5.20%. A further Read more…
The Canadian dollar has steadied on Friday after a roller-coaster week. In the European session, USD/CAD is trading at 1.3889 at the time of writing, up 0.22% on the day. Canada’s job growth expected to Read more…
The Japanese yen has posted gains on Friday. In the European session, USD/JPY is trading at 152.38, down 0.36% on the day. The yen has taken traders on a roller-coaster ride this week, plunging 2% Read more…
EURUSD weakened on Friday after recovery attempts from new multi-month low (1.0682), hit after Wednesday’s post-election 1.7% fall (the biggest daily loss since 19 Mar 2020), failed to clear daily Tenkan-sen (1.0809). Formation of bull-trap Read more…
The Dollar Index is in a sideways mode on Friday morning after Thursday’s drop almost fully reversed post-election rally on Wednesday. Near-term action ranging above the base of thick hourly Ichimoku cloud and expected to Read more…
Market Picture The cryptocurrency market is consolidating near the $2.5 trillion mark after pulling back slightly from the local peak. Judging by intraday performance, the market is undergoing a shakeout of positions as some players Read more…
Check back for updates throughout the trading day U.S. equity futures edged lower in early Friday trading, but are still on pace for their best week of the year, as investors digest the impact of Read more…