US stocks are edging higher after a rough week. US futures Dow futures +0.35 % at 34707 S&P futures +0.22% at 4513 Nasdaq futures +0.18% at 14562 In Europe FTSE +1.2% at 7635 Dax +1.22% Read more…
The Canadian labour market gained 73k positions in March, with full-time employment up 93k. The unemployment rate dropped by 0.2 percentage points, to 5.3% (a record low!). The participation rate was little changed at 65.4%. Read more…
The USDJPY continues to trend higher and extend uninterrupted recovery from a higher base at 121.27 (Mar 30/31) into sixth straight day, on track for the fifth consecutive strong weekly gains. Today’s acceleration cracked pivotal Read more…
Daily Pivots: (S1) 1.0850; (P) 1.0895 (R1) 1.0924; More… No change in EUR/USD’s outlook and intraday bias stays on the downside for retesting 1.0805 low first. Firm break there will resume larger down trend from Read more…
Daily Pivots: (S1) 123.63; (P) 123.81; (R1) 124.16; More… USD/JPY’s rebound from 121.27 extends higher today but stays below 125.09 high. Intraday bias remains neutral first. Outlook stays bullish with 121.17 support intact and further Read more…
Daily Pivots: (S1) 0.9325; (P) 0.9336; (R1) 0.9355; More…. Intraday bias in USD/CHF remains neutral with focus on 0.9380 resistance. Firm break there will indicate that fall from 0.9459 has completed with three wave down Read more…
Daily Pivots: (S1) 1.3049; (P) 1.3077; (R1) 1.3103; More… GBP/USD drops notably today and focus is now on 1.2999 low. Firm break there will resume larger down trend from 1.4248. Next target is 61.8% projection Read more…
Canadian Dollar rises slightly after solid job data, but Dollar is also firm. The greenback is on track to end as the strongest one for the week, with help from extended rally in treasury yields. Read more…
CAD/JPY recovers mildly after better than expected Canadian job data. But it’s just staying well inside consolidation pattern from 110.17. More sideway trading could still be seen. But outlook remains bullish with 96.70 support intact. Read more…
Canada employment grew 73k, or 0.4% mom, in March, slightly below expectation of 78k. The growth was driven by 93k rise in full-time jobs. Services-producing jobs rose 42k while goods-producing jobs rose 31k. Unemployment rate Read more…