The Canadian dollar has edged lower on Friday. In the European session, USD/CAD is trading at 1.3600, down 0.33%. It could be a busy end to the week for the Canadian dollar, with key events Read more…
Stock futures muted as a powerful winter storm slams the U.S.; airline stocks in focus as once-in-a-generation snowstorm snarls travel; Twitter announces more layoffs; Elon Musk pledges to pause on Tesla share sales; Meta settles Read more…
The billionaire entrepreneur is convinced that Tesla has enormous potential to compete with Apple and the giant Saudi Aramco. Elon Musk has heard the critics. Though he does not admit to having neglected the manufacturer Read more…
The Euro started a fresh decline from the 1.0660 and 1.0650 resistance levels against the US Dollar. The EUR/USD pair declined below the 1.0620 support zone to move into a short-term bearish zone. The pair Read more…
USDCAD has been moving sideways over the last three weeks within a tight range with the upper boundary at the 1.3700 psychological mark and the 1.3510 support level. In trend indicators the 20-and 50-day simple Read more…
GBPJPY had been in an uptrend since late September, with the price posting a fresh 6½-year high of 172.10. However, after a period of consolidation, the pair experienced a huge downward spike on the back Read more…
The S&P 500 fell as strong US economic activity fanned fears of restrictive rates for a longer period of time. On the daily chart, the index is drifting towards the daily support of 3700 after Read more…
The pound continued lower as Britain’s Q3 GDP failed to impress. A bearish MA cross was a sign that the buying pressure was wearing off. The confirmation came in the shape of subsequent breaks below Read more…
Daily Pivots: (S1) 158.68; (P) 159.47; (R1) 160.12; More… Intraday bias in GBP/JPY remains neutral for consolidation above 158.57 temporary low. Further decline is expected as long as 162.24. Break of 158.57 will target 161.8% Read more…
Daily Pivots: (S1) 139.93; (P) 140.29; (R1) 140.62; More…. Intraday bias in EUR/JPY neutral as consolidation from 138.79 is extending. Further decline will remain in favor as long as 141.60 minor resistance holds. Firm break Read more…