Intraday bias in USD/CAD remains neutral first. Consolidation form 1.4247 is extending and deeper pullback cannot be ruled out. But downside should be contained above 1.3965 resistance turned support. Above 1.4247 will resume the rally Read more…
Intraday bias in GBP/JPY remains neutral for the moment. On the upside, above 216.05 will extend the rebound from 210.43 to retest 216.58 high. For now, risk will stay on the upside as long as Read more…
Sideway trading continue in EUR/JPY and intraday bias stays neutral. Risk will remain mildly on the downside as long as 186.30 resistance holds. Below 183.14 will bring retest of 182.01 support first. However, firm break Read more…
Intraday bias in EUR/GBP stays on the downside at this point. Fall from 0.8863 should target 61.8% retracement of 0.8221 to 0.8863 at 0.8466 at next. On the upside, above 0.8601 minor resistance will turn Read more…
Intraday bias in EUR/AUD remains neutral as consolidations continue below 1.6617. Further rally remains in favor as long as 1.6306 support holds. Break of 1.6617 will resume the rally from 1.6108 towards 1.6842 resistance. In Read more…
Intraday bias in EUR/CHF remains neutral as it’s still defending 0.9179 support. On the upside, above 0.9234 will bring stronger rebound to 0.9265. Firm break there will resume the rally from 0.8979 to 100% projection Read more…
It didn’t take long for SpaceX (SPCX) to turn from hype to a disappointing IPO. The stock is trading near $161 at the time of writing on Thursday afternoon, July 2, nearly 25% below its Read more…
Markets Yesterday’s US payrolls were supposed to deliver key input for the Fed decision making process as Fed Chair Warsh at the start of its mandate promised that the US central bank will deliver on Read more…
Our summary of recent economic events and what to expect in the weeks ahead. Canadian Highlights The July 1st CUSMA extension deadline came and went, but this outcome was well telegraphed and the status quo, Read more…
Next week’s release of the June FOMC meeting minutes should provide further insight into what could shift a divided Committee toward additional tightening, although we continue to expect the Fed to remain on hold as Read more…