News
The Fed will likely yield to the hawkish market expectations and hike interest rate by 75 bp today. Nevertheless, even with such an aggressive move, it cannot be ruled out that the dollar will go into decline following the meeting. Why? Since last Friday, when the May CPI was released, the dollar index has strengthened […]
Type: Bearish MomentumKey Levels:Resistance: 1.2124Pivot: 1.2057Support: 1.1855Preferred Case:On the H1, price is moving below the ichimoku cloud which supports our bearish bias that price will drop from our pivot at 1.2057 in line with the swing high resistance to the 1st support at 1.1855 in line with the 78.6% fibonacci projection and 161.8% fibonacci extension […]
U.S. business inventories rose 1.2% in April, the government said Wednesday, to mark the seventh straight increase over 1%. Sales rose 0.4% in the month. An increase in inventories adds to gross domestic product and is usually a sign of an expanding economy. The ratio of inventories to sales, meanwhile, rose to 1.29 from 1.28. […]
Montreal – As part of World Elder Abuse Awareness Day (WEAAD) on June 15, 2022, the Canadian Securities Administrators (CSA) is launching a public awareness campaign focused on helping older adults identify and protect themselves against financial abuse and scams. Financial abuse is the most common form of elder abuse and can become more pervasive […]
U.S. stock benchmarks opened higher Wednesday, as investors await the result of the Federal Reserve’s two-day policy meeting. The Dow Jones Industrial Average DJIA, +1.22% was up around 0.9% soon after the opening bell, while the S&P 500 SPX, +1.37% rose 1% and the Nasdaq Composite COMP, +1.53% gained 1.1%, according to FactSet data, at […]
EURUSD, “Euro vs US Dollar” The currency pair has secured above the Tenkan-Sen line and is moving under the Ichimoku Cloud, suggesting a downtrend. A test of the signal lines of the indicator at 1.0515 is expected, followed by falling to 1.0275. An additional signal confirming the decline might become a bounce off the upper […]