Hang Seng Index Technical Outlook: Signs of Fatigue?
The Hang Seng Index (HSI) faces quite strong resistance, raising the chances that the three-week […]
S&P 500 at Risk of Breakout as PMIs Hit but Follow Through Would be a Problem
We are coming into the final ‘full’ trading day of the US holiday-shortened week and […]
S&P 500 Soars, US Dollar Sinks After Richmond Fed Manufacturing Data. All Eyes on RBNZ
The S&P 500 rallied up a storm as the US Dollar sank after softer Richmond […]
Gold’s Anti-Dollar Bounce Looks Like it Will Feel the Weight of Persistent Fed Forecasts
Gold is guided heavily by the US dollar just as most traditional fiat currencies tend […]
US Dollar Techs Post-Minutes: EUR/USD, GBP/USD, USD/CAD
The US Dollar broke out to start the week and then pulled back to test […]
Canada: Retail Sales Edge Lower in September
Retail sales fell 0.5% month-on-month (m/m) in September, in-line with Statistics Canada’s advance estimate. Adjusting […]
Stocks Rise with Fed Speakers in Focus
US futures Dow futures +0.47% at 33723 S&P futures +0.5% at 3964 Nasdaq futures +0.45% […]
Gold Still Not Out of Woods
At the time of writing gold was higher on the day thanks to weakness in […]
Euro Price Action Setups: EUR/USD, EUR/JPY, EUR/GBP
EUR/USD is testing lower-high resistance after pushing down to a fresh weekly low yesterday – […]
Canada retail sales dropped -0.5% mom in Sep, down -1.0% qoq in Q3
Canada retail sales dropped -0.5% mom to CAD 61.1B in September. Sales declined in 7 […]
ECB Simkus: 50bps a must for Dec, 75 also possible
ECB Governing Council member Gediminas Simkus said, “it’s clear that 50 basis points is a […]