Analytics

CAD: Jobs Report: Massive Decline In Employment Suggests BoC May Rethink Its On-Hold Stance – CIBC

December 11, 2019 Off

The Canadian dollar has been under pressure after the recent disappointing Canadian jobs report. Where next for the loonie and the Bank of Canada? Here is their view, courtesy of eFXdata: CIBC Research discusses its reaction to today’s Canadian jobs report for the month of November. “Canada’s labor market took more than a breather in…

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Fed set to provide guidance for 2020 – Live

December 11, 2019 Off

The Federal Reserve is set to leave its interest rate unchanged after slashing it in its past three meetings. The world’s most powerful central bank will provide guidance via its dot-plot – forecasts for growth, employment, inflation, and most importantly, interest rates. Jerome Powell, the Fed Chairman, will address the press afterward and may cause…

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Three reasons why EUR/USD can go higher from here

December 10, 2019 Off

Green shoots in the euro-zone economies support the common currency. Optimism that the US and China avoid another escalation has been weighing on the dollar. Tuesday’s four-hour chart is also cautiously supporting the bullish case. “Don’t contain yourself” – This slogan by a large telephone producer may be what many EUR/USD are feeling. Markets are…

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EUR/USD capped at double-top, whipsawed by trade headlinees

December 4, 2019 Off

EUR/USD has been retreating from the highs amid worsening Sino-American relations. Top-tier US figures and further trade headlines are eyed. Wednesday’s four-hour chart is pointing to further gains.  A deal can wait until after November 2020 – that is precisely the opposite of what financial markets wanted to hear from US President Donald Trump. The safe-haven US…

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Trump may hold GBP/USD from conquering 1.30

December 3, 2019 Off

GBP/USD has been advancing amid favorable opinion polls and weak US data. President Trump is visiting the UK and may intervene in the campaign. Tuesday’s four-hour chart is pointing to further gains. Too little, too late – that is the impression that many market participants have when seeing Labour’s improvement in opinion polls. Investors prefer a victory for…

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Overbought conditions may hold EUR/USD back

December 3, 2019 Off

EUR/USD has been gaining ground amid weak US figures and a lack of dovishness from Lagarde. Concerns about trade relations and comments from ECB speakers may limit further advances. Tuesday’s four-hour chart is showing overbought conditions.  is alive and also kicking – long days of low  have come to an end with the biggest daily move since…

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