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Once he starts, he doesn't stop • All FOMC's are live • All FOMC's should have press conferences • Thinks Fed will overshoot on inflation • Doesn't have a problem with overshooting...
Canada’s new government announced details of their budget, confirming a projected 2016-17 deficit of C$29.4bn, in line with previous guidance and market expectations, notes BNP Paribas. "The Finance Ministry estimated the additional spending would boost GDP by 0...
AUDUSD has surged above key resistance at .7386 to complete a base, notes Credit Suisse. "This keeps the immediate risk topside for our recovery target at .7849/50, where we would begin to look for fresh signs of failure, for a resumption of the longerterm bear trend. Below...
Before bottoming on Feb. 11, it looked like stocks could be heading into a bear market. The subsequent rebound, though, suggests the bull is back on. In fact, the truth may be neither...
The USDOLLAR Index has rallied everyday this week, but if it wants to rally further, it's going to need to clear out a recent swing level just overhead. Continue Reading...
Oil prices picked up after Genscape reported on the first draw in Cushing stocks since January. Gold, copper prices faded amid poor liquidity Continue Reading...
Recent experience would suggest that geopolitical risks are unlikely to dampen investors demand for risk assets sustainably. However, caution may still be warranted...
GBPJPY continues to trade within a descending technical formation with the pair testing support at 158.48. Here are the updated targets & invalidation levels ...Continue Reading...
The US Dollar may continue to rise after erasing half of the plunge following last week’s FOMC rate decision as Fed-speak builds the case for a hike in June. Continue Reading...
Many will think that it may be odd to contemplate the consequences of interest rates rising when all we hear points towards further procrastination by central banks, with some going even further and dipping their toes into the unorthodox water of negative interest rates...
The USDOLLAR Index has rallied everyday this week, but if it wants to rally further, it's going to need to clear out a recent swing level just overhead. Continue Reading...
Once European markets closed yesterday, Treasury yields started to move higher again. The Richmond Fed index was strong, but I’m not sure that’s really the driver. The only data today comes from New Home Sales, likely to be stronger too...
Bitcoin is the most popular virtual currency yet developed. Proponents assert that bitcoin can remove frictions involved in payment and settlement systems by eliminating the need for the financial intermediaries that exist in traditional currencies...
Intraday Technical Levels and Trading Recommendations for USD/CAD for March 23, 2016 A bullish breakout above the previous consolidation zone between 1.2400 and 1.2800 was performed on July 15 (shown on the weekly chart). A significant bearish rejection was observed around 1.3450...
Intraday Technical Levels and Trading Recommendations for GBP/USD for March 23, 2016 On January 21, after the GBP/USD pair moved below 1.4340, evident signs of bullish recovery were expressed around 1.4075. Hence, previous weekly candlesticks closed above 1.4340 again. Bullish persistence above 1...
Intraday Technical Levels and Trading Recommendations for EUR/USD for March 23, 2016 In January 2015, the EUR/USD pair moved below the major demand levels near 1.2100 and 1.2000 where historical bottoms had been previously set in July 2012 and June 2010...
Our short position in #GPBUSD already brings a quite large but unfixed #profit. A directional movement, which is currently observed, is a perfect time to add volume to the position. Find out more by checking out the Source Link. Please note that this post was originally published on Vistabrokers...
We have closed an order to sale #USDJPY with a #profit. As a result of further upward movement, the fractal was crossed upwards, and it involved us to the buy order. Find out more by checking out the Source Link...
We ask one of the leading Canadian dollar technical analysts where he sees the CAD going against the euro, US dollar and British pound. The Canadian dollar has been on a tear higher lately, buoyed by the strong fundamental underpinning provided by a recovery in oil prices...
