FTSE, dollar higher in early trade
The markets are now rife with expectations that the Fed will imminently cut interest rates to the point that any comment from the Fed’s central bankers is being filtered that way, irrespective if it was really meant in this context. This is what happened with a sid...
von der Leyen was nominated by European leaders to succeed Juncker as European Commission president
Her appointment isn't a done deal just yet and needs to go through a round of voting in the European Parliament. As mentioned last week, it may not necessarily be a walk in the park so keep your eyes...
Daily Pivots: (S1) 1.3047; (P) 1.3096; (R1) 1.3129;
Intraday bias in USD/CAD remains neutral at this point. On the upside, break of 1.3145 resistance will indicate short term bottoming, with bullish convergence condition in 4 hour MACD. Further rise should then be seen to 1.3239 support turned resis...
This is the second piece of the How to trade Support and Resistance. In the first article, we established the benefits of support and resistance and how it can provide clues to us about the market supply and market demand of the currency pair. Today’s article will show you how you can use the levels...
The U.S. dollar extended recent gains and stayed near three-week highs on Monday, riding on speculation that the Federal Reserve is very unlikely to announce a steep interest rate cut later this month.
Optimism about a substantial reduction in interest rate by the Federal Reserve faded on Friday aft...
France's economy is forecast to grow at a slightly slower pace in the second quarter, according to a monthly survey from Bank of France.
The economy is forecast to expand 0.2 percent in the second quarter, which was revised down from 0.3 percent estimated previously.
The manufacturing confidence fel...
In a scheduled speech on Friday, the European Central Bank (ECB) Vice President Luis de Guindos said that Europe's processes for banking resolution need mechanisms to ensure a troubled lender has sufficient liquidity.
De Guindos said: "Though the ECB welcomes any progress in ongoing technical debate...
Social trade has always played an important role in today’s trading industry. It creates a connected community of savvier private investors. They can not only Copy-Trade the excellent traders’ signals but also learn and communicate with the professional traders via the social tradi...
Some expectations via GS for the NFP that is due on Friday, after Thursday's holiday.
For the headline:
increase of 175k in June (GS note: somewhat above consensus of +162k)unemployment rate 3.7% (vs. consensus 3.6%) - GS citing rise in continuing claims
average hourly earnings +0.4% m/m in June (c...
Latest data released by Challenger, Gray, and Christmas Inc - 3 July 2019
The data provides information on the number of announced corporate layoffs by industry and region and acts as a general labour market indicator. This reaffirms the trend of rising jo...