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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment;
Mitsubushi has a zloty trade but the rational extends beyond it MUFG recommends buying USD/PLN at 3.9500 with a target of 4.0400 and a stop at 3.9200. “We are recommending a long USD/PLN trade idea to reflect the increased risk of a correction higher for the USD. Our QI RSU models have been signalling that
Forex news for North American trade June 5, 2020: Markets: S&P 500 81 points to 3139 – record volume Nasdaq touches record high Gold down $32 vs $1681 US 10-year yields up 5.5 bps to 0.87% WTI crude oil up $1.72 to $39.13 NZD leads, CHF lags The mode in the market has been slowly
Forex news for North American trade on May 29, 2020: Markets: Gold up $14 to $1732 WTI crude oil up $1.28 to $35.00 US 10-year yields down 4.3 bps to 0.65% S&P 500 +0.5% AUD leads, NZD lags The main event of the day was China and Trump’s planned announcement to retaliate for the Hong
What’s moving the Canadian dollar Credit Suisse discusses USD/CAD technical outlook and maintains a bullish bias in the near-term. “USDCAD saw another test and hold of the pivotal support zone seen at the current range lows, 50% retracement of the 2020 surge and ‘neckline’ to the large base at 1.3856/3793, which we continue to look
A US media report that the Trump administration has discussed conducting a US nuclear test. Citing a senior administration official and two former officials familiar with the deliberations for the info: The matter came up at a meeting of senior officials representing the top national security agencies May 15, following accusations from administration officials that Russia
Major indices 1st move is to the upside after opening lower The major US stock indices are opening in the red but are seeing a rebound in the early reactionary move. S&P index -22 points or -0.8% that 2798.02 NASDAQ index -52 points or -0.60% at 8809.33 Dow industrial average -203 points or -0.88% at
Oil prices to steady and then climb If someone put a gun to your head and said, ‘where will oil prices be in 6-12 months time, higher or lower’? What would you say?  I would say higher and here is the rationale: The oil market has been cornered by an unusual combination of falling demand
Dollar takes another hit The US dollar (DXY above) is sagging across the board in a particularly-sudden move that kicked off against the commodity currencies but it spreading. Even the beaten-up euro is attempting a comeback now. There isn’t a particular catalyst for the move and the market is thinned by holidays in many locals.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment;
It should be a relative non-event ForexLive The RBA has already moved to cut rates to the lower-bound of 0.25% and introduce QE, so their ammunition locker is relatively exhausted at this point. Right now, Lowe & co’s focus should be on trying to get the government to pull through on their initiatives to see
Consumer confidence from the Conference Board Prior was 130.7 (revised to 132.6) Expectations 88.2 vs 108.1 prior Present situation 167.7 vs 169.3 Cutoff date for the sample was March 19 The ‘present situation’ index held up much better than expected but I don’t believe that will last. “Consumer confidence declined sharply in March due to
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment;