USD/CAD May Move Lower on USD Weakness Despite Crude Oil Breakdown
US equities failed to extend gains from Monday as Treasury yields aesed. Elsewhere, the Canadian Dollar gained versus the Greenback despite falling crude oil prices.
New Zealand Dollar Forecast: Long-term Bullish Outlook Unchanged – Setups for NZD/JPY, NZD/USD
Both NZD/JPY and NZD/USD rates have fallen back from their yearly highs set just last week, but that doesn’t mean bulls are done yet.
Silver Prices Break February Low – Does it Matter? Levels for XAG/USD
Despite the sharp uptick in global bond yields over the past week, silver prices have proven resilient.
Canadian Dollar Forecast: Loonie's Wings Clipped? – Levels for CAD/JPY, USD/CAD
The Canadian Dollar was hobbled last week, but more gains may be ahead yet.
British Pound Forecast: Sterling Snaps Six Week Rally- Cable Support?
Sterling plunged more than 2.7% off resistance at multi-year highs– risk for a March setback. Here are the levels that matter on the GBP/USD weekly technical chart.
EUR/JPY IG Client Sentiment: Our data shows traders are now net-long EUR/JPY for the first time since Feb 19, 2021 when EUR/JPY traded near 127.74.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/JPY-bearish contrarian trading bias.
Apple Stock has Biggest Day Since Oct. 12 after Buffett Endorsement
Shares of Apple closed up 5.39 on Monday to a price of 127.79, outpacing the NASDAQ, which was only up 3.01 percent. It was Apples biggest day since Oct. 12, when shares rose 6.35. The bump came after Berkshire Hathaway chairman and CEO Warren Buffett said in his annual letter to investors published this weekend […]
Euro zone inflation holds steady before expected spike
FRANKFURT, March 2 Reuters Euro zone inflation held steady as expected last month, taking a break in what is likely to be a temporary but sharp spike in consumer prices in the coming months, data showed on Tuesday. Prices in the 19 countries sharing the euro rose by 0.2 on the month in January and […]
Walmarts Flipkart Expands Grocery Sales to Indian Cities
Walmartowned Flipkart will sell groceries online in more Indian cities, as it seeks to compete better with Amazon and Reliance in an ecommerce market that has grown rapidly during the COVID19 pandemic. Flipkart has already expanded online grocery sales to more than 50 Indian cities and intends to reach over 70 locations in the next […]
ECB has Flexibility to Counter Undesired Yield Rise
The European Central Bank has the flexibility to counter any undesired rise in bond yields, the banks vice president told a Portuguese newspaper after several policymakers called on the bank to act. We will have to see whether this increase in nominal yields will have a negative impact on financing conditions, de Guindos told Público […]