Daily Pivots: (S1) 149.71; (P) 150.00; (R1) 150.44; More… USD/JPY’s rally accelerates to as high as 151.93 so far. Intraday bias remains on the upside. Next target for the up trend is 100% projection of Read more…
Dollar surges broadly today as risk sentiment turns sour again while treasury yields continue to march higher. Yen is apparently weak, with Japan absent from intervention despite the steep decline. But Sterling and Swiss Franc Read more…
Canada retail sales rose 0.7% mom to CAD 61.8B in August, much better than expectation of 0.2% mom rise. Sales increased in 6 of 11 subsectors, representing 65% of retail trade. Excluding gasoline stations and Read more…
The longest run of falling bond prices in nearly four decades, as well as a stark warning on ad spending from Snap, has stocks trading firmly in the red Friday. U.S. equity futures moved lower Read more…
“The pricing actions we took earlier this year, as well as our new cost savings program, show that we are being deliberate and strategic in our decisions to strengthen our business,” said CEO Hans Vestberg. Read more…
The richest man in the world is working to find an end strategy to this conflict, which has been going on since February. Elon Musk is not giving up. The richest man in the world Read more…
ETHUSD has been trending downwards since mid-August when the price failed to surpass the 2,030 mark. Even though Ethereum experienced an acceleration of its decline following the successful completion of the Merge in mid-September, it has been Read more…
Natural gas futures (November delivery) are on track for their biggest weekly loss since June after the negative gap below the 2022 support trendline exacerbated the seven-week sell-off. The bears are currently looking to downgrade the medium-term Read more…
The Canadian dollar is in negative territory today, as the US dollar is higher against the major currencies. In the European session, USD/CAD is trading at 1.3827, up 0.45%. Canada retail sales expected to improve Read more…
AUD/USD has dropped lower today and is trading at 0.6252, down 0.43%. Fed expected to remain aggressive The Federal Reserve has signalled that it plans to remain hawkish, as the relentless battle with spiralling inflation Read more…