We've been coming down on a long sustained downtrend since March. By a structural view of the daily trend this seems to have ran out of steam. What seems to be coming to be is a strong reversal of at least half of the last trend which should yield an approximate advance of a
The greenback went through a volatile session on Thursday as the annual Jackson Hole Symposium kicked off with a virtual version. Although dollar initially fell broadly after Federal Reserve Chairman Jerome Powell announced that the central bank would put in a strategy to lift inflation and employme
Photo: Finance Magnates
The fight between Tron and the Steem community has taken another twist as the key members of the latter has filed a lawsuit against Bittrex to receive the unexpectedly deposited tokens on the crypto exchange.
First reported by Decrypt, the lawsuit was filed by Daniel Notest
Hello, Friends! Here is a large timeframe overview of USD. USDollar is approaching past lows, which will be strong support areas. Orange zone: 2016 & 2017 lows Expect a retrace from this area. Price will bounce from this area but the retrace may be short as USA is heading toward
Yen and Swiss Franc are trading as the strongest ones for today as stock markets are weighed down by escalating US-China tensions. Though, negative sentiments in Europe was partly offset by much stronger than expected Eurozone and UK PMIs. Signs of a V recovery are there even though the development
UOB Group’s Senior Economist Julia Goh and Economist Loke Siew Ting assessed the latest inflation figures in Malaysia.
“Consumer price index (CPI) fell further albeit by smaller magnitude of 1.9% y/y in June (May: - 2.9%). The decline came in line with ours (-2.0%) and market estimates (-
Investing should be more than just the numbers. Yes, the overall goal is creating wealth, so do not take it too literally but, this does not mean it should be done without objectives. There are many important aspects to making solid investment decisions, having solid risk management is one of the mo
USD/CAD takes the bids near four-day top following Tuesday’s recovery moves.
A downward sloping trend line from May 22 in the spotlight, 200-day SMA offers strong support.
Normal RSI conditions, bullish MACD favor further upside.
USD/CAD rises to 1.3610 amid the initial Asian session on Wednesday.
The Japanese Tankan Large Mfg Index arrived in at -34 (from expected -31 & prior -8):
Tankan Large Non-Mfg Index -17 (-20, 8).
Tankan Large Mfg Outlook -27 (-24,-11).
Tankan Large Non-Mfg Outlook -14 (-15, -1).
Tankan Large All Industry Capex.
Tankan Small Mfg Index -45 (-39, -15).
The Malaysia stock market rebounded on Friday, one session after it had ended the two-day winning streak in which it had collected more than 25 points or 1.6 percent. The Kuala Lumpur Composite Index now rests just above the 1,505-point plateau although it may head south again on Monday.
Focus: US labor market report, FOMC meeting, EZ GDP forecast, AT GDP forecast
Massive misjudgment of US labor market
Expectations for the labor market in May were grossly misjudged, even considering the extreme environment. The unemployment rate was reported at 13.3%. This is 1.4 percentage points l