A softer U.S. dollar and a pullback in Treasury bond yields has stocks edging higher Monday ahead of mid-term elections and a key October inflation reading later in the week. U.S. equity futures moved higher Read more…
Nasdaq 100 reversed from pivotal support 10650.00 Likely to rise to resistance level 11585.00 Nasdaq 100 index recently reversed up from the pivotal support 10650.00 (which stopped wave 5 in the middle of October) – Read more…
EURCAD reversed from key support 1.3280 Likely to rise to resistance level 1.3520 EURCAD under the bullish pressure after the earlier upward reversal from the key support 1.3280 (former strong resistance from July and August) Read more…
China’s exports contracted by 0.4% YoY in October, while imports lost 0.7% YoY in dollar terms. The foreign trade surplus rose to $85.7bn, lower than expected at $96bn. Most observers saw these figures as a Read more…
WTI oil price regained traction after a gap-lower opening and subsequent dip on Monday, pressuring last Friday’s three-week high, posted after Friday’s 5.3% rally. Signals that the Fed may ease its firm hawkish stance in Read more…
The US 500 stock index is moving slightly higher, approaching the 50-day simple moving average (SMA), holding well above the crucial 200-weekly SMA, which is acting as strong support level near 3,635. The RSI indicator Read more…
The Canadian dollar is almost unchanged today, trading at 1.3483. Canadian dollar flies on job gains It was a day to remember for the Canadian dollar, which rocketed almost 2% higher on Friday. The driver Read more…
Spot gold holds firm bullish stance and consolidating under three-week high, posted after 3.2% rally on Friday (the biggest one-day rally since 24 June 2016), sparked by US labor data which raised hopes that the Read more…
Meta Platforms could unveil the biggest job cuts in its 18-year history later this week, the Wall Street Journal reported Sunday. Meta Platforms (META) – Get Meta Platforms Inc. Report shares moved firmly higher Monday following Read more…
Cable surges above 1.14 handle in European trading on Monday, in extension of Friday’s bounce from strong support at 1.1150 (Fibo 38.2% of 1.0348/1.1645) where a double bottom was left. Fresh advance was sparked by Read more…