EUR/JPY jumped further to 181.98 last week but retreated from there. Initial bias remains neutral this week for consolidations. Downside should be contained by 178.80 resistance turned support to bring another rally. On the upside, Read more…
EUR/GBP’s pullback from 0.8863 extended lower last week but downside is still contained above 0.8765 support. Initial bias remains neutral this week first. Considering bearish divergence condition in 4H MACD, firm break of 0.8765 will Read more…
EUR/JPY gyrated higher last week but lost momentum again after hitting 1.7934. Initial bias remains neutral this week first. On the upside, above 1.7934 will resume the rebound from 1.7561 towards 0.8160 resistance. On the Read more…
EUR/CHF’s strong rebound last week indicates short term bottoming at 0.9178. Still, with 0.9325 resistance intact, outlook remains bearish and another fall is still in favor. On the downside, below 0.9254 minor support will bring Read more…
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Week in review The week draws to a close on a positive note after a significant selloff in risk assets as US rate cut bets continued to decline from the Federal Reserve’s December meeting. US Read more…
Canadian Highlights Canada’s economy is showing signs of slowing momentum, but inflation persists. Upcoming GDP figures have an additional layer of uncertainty due to delayed trade data. Tepid growth and slowly softening underlying inflation are Read more…
Summary United States: Should They Stay or Should They Go? Delayed data started to trickle in this week, adding to the debate over the Fed’s course of action at its December meeting. The September jobs Read more…
We expect the Canadian economy grew an annualized 0.5% in Q3—a partial reversal of the 1.6% decline in Q2 when international trade disruptions plunged exports lower. Next Friday’s Q3 gross domestic product appears backloaded with Read more…