Daily Pivots: (S1) 1.0502; (P) 1.0542 (R1) 1.0576; More… Intraday bias in EUR/USD remains neutral as range trading continues. Further fall is in favor with 1.0786 resistance intact. On the downside, sustained break of 1.0339/48 Read more…
Daily Pivots: (S1) 1.2241; (P) 1.2282; (R1) 1.2323; More… Intraday bias in GBP/USD remains neutral and outlook is unchanged. Outlook stays bearish as long as 1.2666 resistance holds. On the downside, break of 1.1932 will Read more…
Risk aversion seems to back in indecisive markets today, with major European indexes and US futures trading down. Yen and Swiss Franc are trading mildly higher, followed by Dollar. Sterling and Canadian receive little support Read more…
“We see this as an opportunity to revolutionize the way fees are approached in our industry,” BinanceUS said of its new trading fees. U.S. online trading firms specializing in crypto were hit hard Wednesday after Read more…
Canada CPI accelerated from 7.7% yoy to 6.8% yoy in May, above expectation of 7.5% yoy. That’s the highest reading since January 1983. The monthly rise 1.4% mom was the fastest since introduction of the Read more…
UK inflation nudged higher in May, as was expected. The headline release rose to 9.1% YoY, up slightly from the 9.0% gain in April. On a monthly basis, CPI nudged higher to 0.7%, up from Read more…
UK inflation nudged higher in May, as was expected. The headline release rose to 9.1% YoY, up slightly from the 9.0% gain in April. On a monthly basis, CPI nudged higher to 0.7%, up from Read more…
The Canadian dollar started the week with gains, but has reversed directions on Wednesday. USD/CAD is trading at 1.2978, up 0.47% on the day. CPI expected to hit 7.4% Canada releases the May inflation report Read more…
The USDJPY is taking a breather under new 24-year high on Wednesday, as overbought conditions prompt some profit-taking after the pair advanced 3.3% in past three days and traded at levels last seen in 1998. Read more…
Inflation concerns could give back most of yesterday’s gains on Wall Street as U.S. stocks tumble into their worst first half performance since 1970. U.S. equity futures slumped lower Wednesday, potentially giving back most of Read more…