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Forex
Tumbles below 156.00 as US economy slows down
USD/JPY makes a U-turn and tumbles over 0.54% on Tuesday as investors grew confident that the Federal Reserve will cut rates at the December meeting, following a soft US inflation…
Euro strengthens on softer US figures, dovish repricing intensifies
EUR/USD registers solid gains of over 0.51% on Tuesday, boosted by a weaker US Dollar, as data reinforced traders’ speculation that the Federal Reserve might reduce rates at the…
SP500 Elliott Wave update: Is the correction over?
We have been monitoring the SP500 (SPX) to reach approximately 7120 in an Elliott Wave (EW) Principle impulse (five-wave) move upward from the early April lows for a more…
Gold climbs on stalling inflation, weak spending, and Fed cut bets
Gold (XAU/USD) climbs over 0.14% on Tuesday after US economic data augmented speculation of a rate cut by the Federal Reserve (Fed) at the December 9-10 meeting. Also, falling US…
USD/CHF steady as US Dollar dips, Swiss Franc unwinds defensive gains
USD/CHF holds near 0.8080 on Tuesday at the time of writing, with the pair showing little direction with simultaneous weakness in both the US Dollar (USD) and the Swiss Franc…
AUD/USD dips as Australian CPI looms, Fed rate cut bets pressure USD
AUD/USD trades around 0.6450 on Tuesday, down 0.30% on the day at the time of writing. The pair pulls back after two consecutive days of gains as traders adopt a more cautious tone…
USD/JPY slips as Yen gains on intervention talk, US data disappoints
The Japanese Yen(JPY) trades on the front foot against the US Dollar (USD) on Tuesday, with USD/JPY pressured by intervention chatter in Tokyo and a weaker Greenback following soft…
Celsius is down over 36% from earnings — My key support levels here
Celsius Holdings (CELH) has been on a sharp slide lately, dropping more than 36% since its post-earnings breakdown. Heading into the report, I was watching the stock trade inside…
CAD slips as risk mood remains soft – Scotiabank
The Canadian Dollar (CAD) is marginally lower on the session, in line with its commodity peers as risk appetite remains soft, Scotiabank's Chief FX Strategists Shaun Osborne and…
ADP Employment Change 4-week Average comes in at -13.5K for week ending Nov. 8
For the four weeks ending November 8, private employers shed an average of 13,500 jobs a week, the Automatic Data Processing (ADP) reported on Tuesday."Consumer strength remains in…