Latest Market News
Major U.S. stock benchmarks were up in choppy trade Wednesday morning, after opening lower, as investors await minutes from the Federal Reserve’s policy meeting in early May. The Dow Jones Industrial Average DJIA, +0.10% was up 0.2%, while the S&P 500 SPX, +0.14% rose 0.3% and the Nasdaq Composite COMP, +0.05% gained 0.5%, FactSet data […]
USDJPY, “US Dollar vs Japanese Yen” USDJPY is rebounding from Tenkan-Sen. The instrument is currently moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may slightly correct and test Kijun-Sen at 127.75, and then resume moving downwards to reach 124.65. Another signal in favour of a further downtrend […]
USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, after forming reversal patterns, such as Hammer, close to the support level, USDCAD may reverse in the form of another ascending impulse. In this case, the upside target may be at 1.2950. However, an alternative scenario implies that the asset may […]
USD Poised for FOMC MovesTonight’s FOMC minutes release will of course be centre stage for traders. The recent squaring of long positions in USD puts the Dollar in a very interesting place ahead of the event because on the one hand, if the minutes are encouraging for USD, there is plenty of room for capital […]
GBPCAD On Watch Price action in GBPCAD is looking interesting here. The pair has been moving lower in a tight bearish channel over recent months. However, the most recent lows saw strong bullish divergence with price subsequently breaking out above the bear channel highs. In light of these movements, we are now potentially dealing with […]
As predicted by health care experts, a new form of the omicron subvariant BA.2 has become dominant among new cases of COVID-19 in the U.S., the New York Times reported, citing data from the Centers for Disease Control and Prevention, which estimates it accounted for about 58% of all new cases in the week through […]