Canadian Dollar Technical Forecast: USD/CAD Surges into First Hurdle
The Canadian Dollar losses keep mounting with USD/CAD stretching towards resistance on a seven-week rally. Loonie levels that matter on the weekly technical chart.
S&P 500, Nasdaq 100, Dow Jones Forecasts: Mercy Bounce from Big Support
Stocks have become so bearish that the most bullish thing is just how bearish everyone is. A mercy bounce developed from major support overnight.
Gold & Silver Price Outlook: Watch Support Just Below
Gold and silver remain quite weak, but could find a bid if a pair of support levels hold in the near future; levels and lines to watch.
UK Construction Sector Suffers Apr Slowdown on Higher Costs
LONDON, May 6 Reuters Britain39;s construction sector in April had its slowest month since January, hit by rising costs and higher interest rates to finance new projects, a survey published on Friday showed. The SP GlobalCIPS construction Purchasing Managers39; Index PMI slipped to 58.2 from 59.1 in March, which was its jointhighest reading since June […]
Sri Lanka in Talks for 100M Emergency Funding from BeijingBacked Bank
COLOMBO, May 8 Reuters The Chinabacked Asian Infrastructure Investment Bank is considering granting 100 million in emergency support to Sri Lanka, the country39;s finance ministry said on Sunday. Sri Lanka has requested foreignexchange liquidity support for state banks from the lender, it said in a statement. Hit hard by the pandemic, rising oil prices and […]
Japan Household Spending Beats Expectations, Inflation Risks Loom
March household spending down 2.3 yy, smaller drop than forecast Household spending mm rises more than expected JanMar spending falls 1.8 qq Inflation clouds outlook while COVID risks easing analyst TOKYO, May 10 Reuters Japan39;s household spending fell in March for the first time in three months, though the 2.3 drop was smaller than expected, […]
How the U.S. is moving closer to delisting Chinese firms: QuickTake
Some big-name Chinese stocks face the prospect of getting kicked off the New York Stock Exchange and Nasdaq if they refuse to let U.S. regulators see their financial audits.
India Shares Muted, Losses in Metal Stocks Offset Auto Gains
BENGALURU, May 10 Reuters Indian shares were subdued on Tuesday, with losses in metal and energy stocks countering gains in automobile and consumer goods, while investors remained on edge across Asian markets on rate hike and economic slowdown worries. The NSE Nifty 50 index was up 0.05 at 16,309.75 as of 0459 GMT, while the SP […]
Global Growth Fears Drag Aussie Dollar to near 2Year Low
HONG KONG, May 10 Reuters The Australian dollar hit its lowest level in nearly two years against the dollar on Tuesday and other commodity currencies also fell, hurt by fears of slowing global economic growth. The Aussie dollar dropped as low as 0.6908, its weakest since July 2020, having fallen 1.7 overnight. The Aussie is […]
Some funds refuse to give up on China stocks as world flees
Sticking with Chinese stocks after some of the world’s worst losses is not an easy strategy to commit to, but that’s exactly what a few global money managers are planning to do.