USD/CAD consolidates weekly losses as it reverses from the intraday low of 1.3683 to 1.3710 during early Friday morning in Europe. The Loonie pair’s latest rebound could be linked to the WTI crude oil’s pullback, Canada’s key export earner. In doing so, the quote struggles to justify the US Dollar’s second consecutive daily loss amid […]
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17
Mar
Mar
USD Index remains under pressure and challenges 104.00 ahead of data
The selling pressure keeps dominating the sentiment around the greenback and forces the USD Index (DXY) to confront the key support at 104.00 at the end of the week. USD Index looks at data, risk trends The index retreats for the second session in a row on Friday amidst the persistent recovery in the appetite for the […]
15
Jun
Jun
Chart of The Day
A big day has come for the US equities, and global financial markets in general. FOMC is set to announce another rate hike this evening at 7:00 pm BST. There is a scope for a surprise as economists and major banks are divided on whether the hike will be by 50 basis points or by […]
15
Jun
Jun
All eyes on The Fed
European indices set for higher opening Fed rate decision at 7:00 pm BST ECB calls emergency meeting Stock markets in Europe are set for a higher opening of the cash trading session today. Moods improved following the release of better-than-expected activity data from China overnight. EUR is trading higher as ECB called an emergency governing […]
15
Jun
Jun
Good Morning Traders
US indices finished yesterday’s trading mostly lower. S&P 500 dropped 0.38%, Dow Jones moved 0.50% lower and Russell 2000 declined 0.39%. Nasdaq was outperformer as it gained 0.18%. Moods improved slightly during the Asian session following release of better-than-expected data from China. Nikkei, S&P/ASX 200 and Kospi traded lower but indices from China rallied. DAX […]
10
Jun
Jun
Talking USD/CAD
US CPI report for May is a key macro release of the day. While median consensus among economists is for the headline price growth to stay unchanged at 8.3% YoY, there were reports saying that White House is actually expectating a higher reading as high oil prices start to be reflected more at the pump. […]
09
Jun
Jun
Bearish DAX 30
The German benchmark index continues its short-term downtrend (H4) on Thursday. D1 chart The DE30 continues its decline, falling to its lowest level since 26 May. From this week’s high reached on Monday, the index has lost over 500 points in value. If the break below the low at 14,304 points is long-lasting, sellers could […]
09
Jun
Jun
Trading Uranium?
Uranium companies scored a wild rally in the first quarter of the year, but it has been interrupted and some have experienced sizable sell-offs over the past 2 months. Meanwhile, the Joe Biden administration is pushing U.S. lawmakers to pass a $4.3 billion package to purchase enriched uranium from domestic producers in an effort to […]
09
Jun
Jun
Talking EUR/NZD
The ECB rate decision and Lagarde’s press conference are key events of the day. Rate announcement will come at 12:45 pm BST while the press conference will begin 45 minutes later, at 1:30 pm BST. While a change in the level of interest rates is unlikely, a strong and clear guidance may be offered. The […]
09
Jun
Jun
All Eyes on The ECB
European markets set to open lower ECB decision in the spotlight Earnings from FuelCell Energy and NIO Futures markets point to a lower opening of the European cash session, following a downbeat trading on Wall Street yesterday and in Asia today. Oil is pulling back slightly after reaching 3-month highs yesterday. Safe haven currencies, like […]