Latest Market News

USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, after forming a Hammer reversal pattern close to the support level, USDCAD is reversing in the form of another ascending impulse. In this case, the upside target may be at 1.2900. However, an alternative scenario implies that the asset may fall […]

The 10-year yield in the United States has fallen to a three-week low as weak data fans growth fears. US Treasury yields fell on Thursday, with those on benchmark 10-year notes falling to three-week lows, as continued softness in US economic data fueled growth concerns despite the Federal Reserve’s aggressive path of monetary tightening. Yields […]

The production of jet fuel in China witnessed a sharp decline, during the month of April, as part of the price the country is paying in its fierce war against the Corona virus, which was born globally for the first time from the womb of the Chinese city of Wuhan in March of the year […]

Credit AgricoleAsia overnightRisk sentiment has seemingly improved somewhat overnight with the main Asian stock markets as well as the US and European stock market futures recovering. The recovery came on the back of evidence that Chinese lenders have moved to ease the funding conditions by lowering their five-year loan prime rate by a record amount. […]

Daily Market Outlook, May 20, 2022 Overnight Headlines Fed Set On Half-Point Hikes, Undeterred By Stock Slump Fed’s Kashkari: Strong Finances Could Mean More To Do Labour Market In Focus Jobless Claims Hit 4-Month High Sec Yellen Reject Idea Of Fed Raising 2% Inflation Target White House Believe Biden, Xi To Talk In Coming Weeks […]

• Costco falling inside impulse waves 5 and (C)• Likely to reach support level 400.00 Costco continues to fall inside the sharp downward impulse waves 5 and (C), which previously broke through the two strong support levels 470.00 (January’s low) and 435.00 (October Low). The breakout of these support levels added to the bearish pressure […]