Canadian Dollar Technical Forecast: USD/CAD into Resistance- Round 3
USD/CAD failed at key resistance near the yearly high for a third time– the bulls may be vulnerable here. Key levels on the Canadian Dollar weekly technical chart.
Gold Price Outlook: Sell-off Bringing Big Long-term Low in View
Gold decline is taking it down to a big level of support that may soon come into play; will make for a very important test and potential trade set-up.
Hedges that worked (or stumbled) when inflation and rates surged
Hedging inflation and interest-rate exposure isn’t so easy, with some exchange-traded products performing extremely well when inflation has climbed, while others have stumbled.
Australian Dollar Q3 2022 Forecast: Fed’s Lost Credibility is Noted by RBA
The Australian Dollar made a 2-year low against the US Dollar in May as global central banks jockeyed for position in the fight on inflation.
Chinese Yuan Chips at Dollar as Iron Ore Catches Bid on Stimulus News
The Chinese Yuan made gains against the Dollar overnight as traders went risk-on in New York. News of a new round of infrastructure stimulus out of China pushed iron ore prices higher.
AstraZeneca to Buy Biotech Firm TeneoTwo for Up to 1.27B
July 5 Reuters AstraZeneca agreed to acquire biotechnology firm TeneoTwo Inc in a deal worth up to 1.27 billion on Tuesday, in a move to bolster its roster of therapies to treat blood cancers. At the heart of the deal is the U.S.based company39;s early stage experimental treatment for a form of NonHodgkin39;s lymphoma, a type […]
Monthly Forex Seasonality – July 2022: Good News for US Stocks, Commodity Currencies
The seventh month of the year is usually good for risk appetite – both in commodities and equities.
What is Taxonomy eligible?
Companies in Europe have had to report the percentage of turnover, capital expenditure and operating expenses that are eligible to the EU Taxonomy.
US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, USD/JPY
The Dollar has continued to jump through the first week of Q3 trade and tomorrow brings the first Non-farm Payrolls report for the quarter. Buckle up.
EUR/USD Technical Outlook: Euro Drops to 20yr Low- Breakdown Levels
Euro plummeted to fresh yearly lows with the sell-off now approaching downtrend support- battle lines drawn into NFP. Levels that matter on the EUR/USD technical charts.