Daily Pivots: (S1) 0.9360; (P) 0.9398; (R1) 0.9465; More… Intraday bias in USD/CHF remains neutral for the moment. Considering bullish convergence condition in 4 hour MACD, break of 0.9545 will indicate short term bottoming at Read more…
Daily Pivots: (S1) 134.98; (P) 135.92; (R1) 137.70; More… Intraday bias in USD/JPY stays neutral first. On the upside, break of 137.66 resistance will indicate short term bottoming, on bullish convergence condition in 4 hour Read more…
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The self-made billionaire just delivered a scathing criticism of the world’s richest man. Mark Cuban is frank and direct. It is this outspoken side of him that makes him popular and one of Main Street’s Read more…
Daily Pivots: (S1) 1.3447; (P) 1.3526; (R1) 1.3667; More…. Intraday bias in USD/CAD stays neutral first with immediate focus on 1.3644 resistance. Firm break there will affirm the case that correction from 1.3976 has completed Read more…
Canadian Dollar is currently the weakest one in otherwise sluggish markets. Falling oil price is a factor dragging down the Loonie, and traders are also cautious on a dovish rate hike by BoC tomorrow. There Read more…
The Canadian dollar is slightly lower on Tuesday. In the European session, USD/CAD is trading at 1.3620, up 0.24%. What does the Bank of Canada have planned? The Bank of Canada has been aggressive in Read more…
US exports of goods and services dropped USD 1.9B over the month in October, while imports rose USD 2.2B. Trade deficit widened from USD -74.1B to USD -78.2B, smaller than expectation of USD -79.4B. The Read more…
With inflation still sticky, and global headwinds accelerating, JPMorgan CEO Jamie Dimon now sees a greater chance of a U.S. recession. U.S. equity futures nudged lower Tuesday, while the dollar gave back gains against its Read more…
Analysts are coalescing around the idea that the BOC will hike by a quarter percentage point (or “one hike” as it used to be) at the next meeting. But given the connection between Canada and Read more…