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Elliott wave update of usdcad – march 1st, 2023
USDCAD keeps hovering around the 1.3600 mark as forex traders await the February non-farm payrolls data due on Friday, March 3rd. How is it likely goi...
Euro rebound falters despite easing recession fears; can it be salvaged?
Things are looking up in the euro area with business activity ticking higher in the first two months of 2023, easing concerns about an imminent recess...
Usdjpy fights with 38.2% fibo and 200-day sma
USDJPY is struggling to surpass the 38.2% Fibonacci retracement level of the downward wave from 151.90 to 127.25 at 136.66, where also the 200-day sim...
Dow continues decline to 32k!
Despite a solid start to the year, all major US indices posted their second negative month. The Dow is down 1% as inflation still hangs over a lot of ...
Spain february manufacturing pmi 50.7 vs 49.1 expected
- Prior 48.4
Spain's manufacturing sector moves into growth territory for the first time since J...
Ftse 100 struggles to bounce
The FTSE 100 tumbles as record high grocery inflation in the UK fans fears of higher interest rates. The index failed to hold on to the 30-day SMA (78...
Crypto options exchange deribit to offer bitcoin volatility futures
Futures tied to Deribit’s forward-looking bitcoin volatility index (DVOL) will be available to Deribit under the ticker BTCDVOL from the end of Marc...
Usd/cad consolidates gains
The Canadian dollar softened after the economy unexpectedly stalled in Q4. On the daily chart, the pair is looking to come out of its five-month long ...
Usd/chf finds support
The Swiss franc fell after the annual GDP barely avoided a contraction in Q4. On the daily chart, a close above January’s high of 0.9400 and a bulli...
Aud/usd price analysis: upbeat china’s manufacturing activity
China’s manufacturing activity grew at the quickest rate in more than a decade. US consumer confidence came in weaker-than-expected, showing the eff...
Gcex appoints sue cheung as head of apac sales
Lars Holst, Founder & CEO, GCEX commented: There are significant opportunities for GCEX across the APAC region and, from my experience of working with...
Crypto watchlist: bitcoin’s (btc/usd) range resistance retest
A bit of risk-taking pushed BTC/USD to a key technical resistance today. Will the range hold for another day?......
European equities mostly little changed to start the day
- Eurostoxx +0.1%
- Germany DAX +0.2%
- France CAC 40 +0.1%
- UK FTSE +0.2%
- Spain IBEX +0.1%
...
The technical lines are starting to shift against the dollar
The dollar is trading at the lows for the day now as it continues to stay under pressure to start European morn...
Amzn leading diagonal pushes prices lower!
From a global perspective, AMZN seems to be forming a bearish correction wave b. This takes the form of a primary zigzag Ⓐ-Ⓑ-Ⓒ. In the next comi...
China new home prices end seven-month drop; more cities post gains -survey
BEIJING (Reuters) – The prices of new homes in 100 Chinese cities held steady in February versus January having fallen for seven consecutive months,...
Caterpillar workers reach deal with union, averting possible strike
(Reuters) – A union representing workers at four Caterpillar Inc facilities said on Wednesday it reached a tentative agreement with the world’s la...
Beiersdorf sees slower sales this year after bumper 2022
BERLIN (Reuters) -Nivea maker Beiersdorf expects organic sales growth to slow this year to a mid-single-digit range after reporting double-digit growt...
Israeli protesters block highway as gov’t presses on with judicial overhaul
JERUSALEM (Reuters) – Israeli protesters blocked the main highway from Tel Aviv to Jerusalem on Wednesday, as lawmakers were set to plough ahead wit...
Gold prices decline marginally
Wednesday saw a little decline in gold prices as the dollar strengthened, and investors braced for further increases in U.S. interest rates due to the...
Dubai: gold prices jump $0.54 per gram in early trade
On Wednesday, investors were expecting more US interest rate hikes amid stubbornly high inflation Gold prices in Dubai jumped two dirhams per gram at ...
Usd/jpy sticks to modest gains below mid-138.00s, remains close to ytd peak set on tuesday
The USD/JPY pair edges higher following the previous day’s two-way price swings and trades with a mild positive bias through the early European sess...
Hawkish central bank policy to remain in place for longer
Markets Unexpectedly accelerating inflation in France and Spain set the tone right at the start of European dealings. Core bonds slid with European bo...
Gbp/jpy daily outlook
Daily Pivots: (S1) 163.18; (P) 163.76; (R1) 164.92; More… Intraday bias in GBP/JPY is turned neutral as it retreated after hitting 165.99. Some cons...
Eur/jpy daily outlook
Daily Pivots: (S1) 143.48; (P) 144.48; (R1) 145.07; More…. EUR/JPY retreated after rising to 145.46 and intraday bias is turned neutral first. But f...
Eur/gbp daily outlook
Daily Pivots: (S1) 0.8763; (P) 0.8788; (R1) 0.8820; More… Intraday bias in EUR/GBP is turned neutral again as it recovered after dipping to 0.8753. ...
Intraday analysis – usd bounce back
USDCHF finds support The Swiss franc fell after the annual GDP barely avoided a contraction in Q4. On the daily chart, a close above January’s high ...
Eur/aud daily outlook
Daily Pivots: (S1) 1.5670; (P) 1.5743; (R1) 1.5790; More… Intraday bias in EUR/AUD is turned neutral first as it retreated after hitting 1.5813. Out...
Uk house prices fall in annual terms for first time since 2020 – nationwide
LONDON (Reuters) – British house prices last month dropped in annual terms for the first time since June 2020, falling by 1.1% compared with Februar...
Aston martin 2022 losses swell to $142 million
(Reuters) – Aston Martin said on Wednesday its losses swelled to 118 million pounds ($142.20 million) last year, hurt by higher costs and as supply-...
Puma sees 2023 operating profit of 590-670 million euros
(Reuters) – German sportswear maker Puma on Wednesday forecast 2023 operating profit around last year’s level, as it expects currency effects and ...
Turkish manufacturing activity barely grows in february as quake disrupts production
ISTANBUL (Reuters) – Turkish factory activity expanded very slightly in February as massive earthquakes impacted the sector as some firms suspended ...
Credit suisse personal & business banking boss to leave
ZURICH (Reuters) – Credit Suisse on Wednesday said its Head of Personal & Business Banking, Anke Bridge Haux, is to leave the bank to take on a new ...
Eur/chf daily outlook
Daily Pivots: (S1) 0.9931; (P) 0.9948; (R1) 0.9982; More…. EUR/CHF’s rebound from 0.9844 is still in progress and intraday bias stays on the upsid...
Goldman sachs now expects the ecb to hike rates by another 50 bps in may
Adding to that, they have also raised the peak rate forecast for the ECB to 3.75% in June as opposed to 3.50% p...
