China’s State Administration of Foreign Exchange (SAFE) Director Pan Gongsheng said on Tuesday, “China will use exchange rate policy tools to promote foreign trade, expand foreign...
NZD/USD retraces after hitting 0.6370, as investors’ sentiment remains upbeat. Weaker than expected, China’s PMIs would likely hurt the NZD/USD climbing prospects to the 0.6400 area....
Eurozone S&P Global Manufacturing PMIs were mixed and weighed on the EUR. European Central Bank Nagel said the ECB needs to take further action to tackle...
The US Dollar regains some composure and climbs against the Canadian Dollar. Canadian and US S&P Global Manufacturing PMIs for December would update the current state...
Here is what you need to know on Monday, January 2: Major currency pairs remained stuck near Friday’s closing levels on Monday amid thin trading conditions....
GBP/USD holds decent gains around 1.2070s but below the 200-day EMA. US Chicago Manufacturing PMI exceeded estimates but remains in contractionary territory. GBP/USD Price Analysis: Upward...
EUR/USD is still rangebound, failing to crack the 1.0700 ahead of the year’s end. The Chicago PMI for December exceeded expectations and the previous month’s reading....
Gold price holds onto gains above $1,800 amid thin liquidity conditions. The US labor market appears to ease as Initial Jobless Claims increase. Global central banks...
The Euro remains above the 1.0600 figure, eyeing a year-end close above the figure. US Initial Jobless Claims exceeded the previous week’s reading, showing the labor...
Analysts are rewarding stocks like Netflix when they provide good news. Nike stock is also ready to move higher on a wave of analysts’ support. Biogen...
AUD/USD clings to decent gains as the mood shifts sour. A jump in US Treasury bond yields underpins the US Dollar and weighs on the Australian...
USD/CAD rebounds from weekly lows around 1.3520s and closes to the 1.3600 mark. Overall, US Dollar strength and falling oil prices keep the USD/CAD rallying. USD/CAD...
Here is what you need to know on Wednesday, December 28: Action in financial markets remains choppy on Wednesday as trading conditions remain thin ahead of...
International trade deficit of the US declined by $15.5 billion in October. US Dollar Index stays above 104.00 after the data. The data published by the...
Today’s instrument is the Amazon.com’s stock traded on the Nasdaq exchange under the ticker AMZN. Looking at the AMZN’s chartswe can see that it has been...
Here is what you need to know on Tuesday, December 27: Following the three-day weekend, the US Dollar struggles to find demand on Tuesday with the...
Inflation cooled, but it’s still running hot at over 4.5% core. The Index of Leading Indicators is trending lower and accelerating. The market may rally, but...
Durable Goods Orders in the US fell more than expected in November. US Dollar Index stays in daily range below 104.50 after the data. Durable Goods...
New Home Sales in the US unexpectedly increased in November. US Dollar Index stays in daily range above 104.00. Sales of new single‐family homes rose by...
Caterpillar advanced 41.28% in the past three months and 19.16% year-to-date. That’s ahead of the S&P 500’s gain of 2.47% in the past three months and...