The ADP Employment Change will likely have a limited impact on financial markets. The US private sector is expected to have added 140,000 new positions in December. The US Dollar Index corrected extreme overbought conditions, retains its … [Continue reading]
Austria Trade Balance declined to €-96.3M in October from previous €608.9M
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
Silver Price Forecast: XAG/USD steadies near $30.00 amid uncertainty over Trump’s tariff
Silver price receives support due to uncertainty over the tariff policy ahead of the Trump administration. The industrial demand for Silver strengthens due to a positive economic outlook in China, the world's largest consumer of metals. The upside of … [Continue reading]
EUR/USD flubs key technical levels and backslides once again
EUR/USD failed to extend a near term technical recovery, sheds 0.4% on Tuesday. German Retail Sales, EU PPI inflation, US ADP jobs preview on the docket for Wednesday. Another NFP Friday looms ahead, crimping market momentum as Fed rate cut fears … [Continue reading]
Canadian Dollar bullish recovery runs out of gas on Tuesday
The Canadian Dollar froze on Tuesday, crimping the week’s early recovery. Canada’s Ivey PMI slumped in December, missing expectations. Canadian labor figures due this week set to be eclipsed by looming US NFP print. The Canadian Dollar (CAD) crimped … [Continue reading]
United States Redbook Index (YoY) declined to 6.8% in January 3 from previous 7.1%
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
Euro extends recovery above 1.04 as focus shifts to Eurozone inflation data
The Euro bounces higher against the US Dollar for a third straight day in a row on Tuesday. A surprise uptick in German inflation and a bounce in the European Services PMIs are supporting the Euro. Meanwhile, markets are on edge over the … [Continue reading]
EUR/CAD Price Forecast: Maintains position below nine-day EMA near 1.4900
EUR/CAD may gain ground as the daily chart analysis suggests a mild bullish bias. The 14-day RSI maintains its position near the 50 mark, indicating neutral momentum. The pair tests initial resistance near the nine-day EMA at the 1.4895 level, … [Continue reading]
USD/CAD recovers some lost ground to near 1.4350 on Trump and Trudeau reports
USD/CAD rebounds to near 1.4345 in Tuesday’s early Asian session. Trump said the Washington Post story that he would pare back his tariff policy was wrong. Trudeau is expected to announce stepping down as party leader before the national … [Continue reading]
EUR/USD Price Forecast: Climbs but struggles at 1.0400
EUR/USD ascends over 0.78%, buoyed by potential US tariff implications and a weak Dollar environment. Technical analysis points to a buyer's market as EUR/USD crosses 1.0400, with eyes set on further resistance levels. Near-term support and … [Continue reading]