Many analysts had anticipated that a dramatic drop in oil prices such as we’ve seen since the summer of 2014 could provide a big stimulus to the economy of a net oil importer like the United States. That doesn’t seem to be what we’ve observed in the data...
SPX500: Bull Flag Ahead of US Earnings Kick-Off Talking Points: S&P 500 Technical Strategy: Flat. Conditional long + short setups identified. US stock prices remain well-supported while European and Japanese equities are putting in more divergent reads...
The Canadian dollar held a firm tone versus the greenback Monday, ahead of this week's Bank of Canada meeting, where policy is expected to remain unchanged, but growth projections may be revised higher...
S&P 500: tactical rally from February at risk: We highlighted 2044-2022 as key nearby S&P 500 support for April...
Currency investors should consider selling NZD/CAD this week, advises CitiFX in its weekly FX pick to clients. "Short NZDCAD represent expectations on oil, a more optimistic BOC, and our greater caution on the valuation of NZD currently...
The following are the latest technical setups for EUR/USD, USD/JPY, USD/CHF, AUD/USD, NZD/USD, and USD/CAD as provided by the technical strategy team at Barclays Capital. EUR/USD: Our decision to turn bearish is being frustrated by the lack of downside follow through...
Gold Reaches 3-Week High Spot gold surged to a fresh 3-week high of $1,258.66 an ounce on Monday, fueled by a weaker dollar and decreasing expectations of a US rate hike as the Fed remains dovish. Gold for June delivery settled roughly 1.0% higher and trades around 1,256...
Analytical Review of the Stocks of Johnson & Johnson Johnson & Johnson, #JNJ [NYSE] Healthcare, production of drugs, USA Financial performance of the company: Index – DJIA, S&P 500; Beta – 0.63...
XAG/USD: Will the Rise Continue? Last week, the price of silver in the pair XAG/USD exceeded resistance level of 15.15 (ЕМА200 and ЕМА50 on the daily chart). Today, the price has consolidated above resistance level of 15.35 (ЕМА50 на недельном графике...
Analytical Review of the Currency Pair USD/CAD Technical data of the currency pair: Previous closing: 1.2979; Daily range: 1.2971-1.3014; Opening: 1.2986; 52- week range: 1.1916-1.4692; Annual revenue: +3.49%; Change in % for the previous day: -1.26...
USD/CAD to End 2016 at 1.30 - Lloyds Analysts from Lloyds Bank, expect the USD/CAD to rise toward 1.35, but then as crude oil recovers is forecast to end the year at 1.30. Key Quotes: “Similar to other commodity currencies, USD/CAD has been rangebound recently – trading between 1.28 and 1.33...
It has been estimated that 90% of aspiring traders sends in smoke their money within the first year of operation. The question that arises is: why this happens? trading is so difficult that only a select few can be successful? The answer is NO...
The AUD may be vulnerable this, with the employment report a potential catalyst for an increase in pricing for renewed RBA rate cuts, notes BNP Paribas...
Bank of Tokyo-Mitsubishi UFJ (BTMU) believes that the risk of direct intervention to dampen yen strength remains relatively low in the near-term although is higher following Chief Cabinet Secretary Suga’s comments over the weekend...
The British pound appears to be taking its cue from the German DAX this April. We have uncovered a new and interesting relationship that could explain the pound’s recent behaviour against the dollar...
Last week’s CFTC data (for Tuesday) show Euro shorts still being cut back, yen longs increasing, sterling shorts increasing and US net dollar longs dwindling away almost to nothing. Australian, New Zealand and Canadian net non-commercial positions are now all long and the Mexican peso position...
USD/JPY RSI Divergence Urges Caution to Shorts Ahead of US Earnings Talking Points: - A heavy week of news awaits markets as US earnings season kicks off after the bell today: The good news is that expectations are really low, looking for a -9.8% drop to Q1 earnings year-over-year...
Irrespective of medium-term inflation expectations as measured by 5Y inflation swaps remaining close to historic lows, there seems to be limited scope of the ECB turning more aggressive...
