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USD/CAD Surpasses 1.3350 As US Treasury Yields Improve, Canada, US Labor Data Eyed

USD/CAD Surpasses 1.3350 As US Treasury Yields Improve, Canada, US Labor Data Eyed

Photo by Michelle Spollen on Unsplash USD/CAD recovers its losses on improved US Dollar. The improvement in WTI price could contribute to support for the Canadian Dollar. Improved US bond yields steer the Greenback on an upward pathway. USD/CAD retraces its recent losses registered in the previous session, trading higher near 1.3360 during the European session on Friday. The […]
Nasdaq 100 Looking To Do Correction Within Bullish Trend

Nasdaq 100 Looking To Do Correction Within Bullish Trend

Image Source: PixabayNasdaq 100 (NQ_F ) shows a bullish sequence from October 2022 low favoring further upside. The rally higher from 10.13.2022 is unfolding as Elliott Wave leading diagonal. Up from 10.13.2022 low, wave ((1)) ended at 16062.75 and pullback in wave ((2)) ended at 14140.25 low. Wave ((3)) finished at 17165.94 high as the 1 hour chart […]
Cramer Reacts To Eli Lilly’s Telehealth Service For Weight-Loss Drug

Cramer Reacts To Eli Lilly’s Telehealth Service For Weight-Loss Drug

Image Source: Pexels Patients will now be able to get Zepbound prescriptions online. Famed investor Jim Cramer reiterates his bullish view on $LLY. Eli Lilly & Co. stock is already trading near its all-time high. Eli Lilly & Co (LLY) was the talk of the market on Thursday after the pharmaceutical giant launched LillyDirect – a website that […]
The Commodities Feed: Bearish EIA Report

The Commodities Feed: Bearish EIA Report

Image Source: UnsplashEnergy – Large US product buildsA bearish EIA report yesterday saw the oil market giving back some of Wednesday’s gains. Although, there is still plenty of tension in the Middle East with Houthi rebels launching a sea drone in the Red Sea, a US airstrike in Baghdad killed a commander of an Iranian-backed militia […]
Financial Markets Report For Thursday, January 4

Financial Markets Report For Thursday, January 4

Image Source: PexelsIn this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Thursday, January 4.Video Length: 00:14:57More By This Author:Metals Report For Thursday, January 4SPDR ETF Report For Wednesday, January 3Financial Markets Report For Wednesday, January 3
Insiders Are Buying These 3 Stocks

Insiders Are Buying These 3 Stocks

Image Source: UnsplashMarket participants closely follow insider activity, as the transactions can reflect current sentiment surrounding the trajectory of the business. Of course, investors also typically get a confidence boost upon seeing an insider swoop in for a buy.Insiders are defined as a company’s officers, directors, or someone controlling at least 10% of a company’s equity […]
“Early Signs Of Rebound”: Manhattan Home Prices Rise For First Time In Year

“Early Signs Of Rebound”: Manhattan Home Prices Rise For First Time In Year

Image Source: UnsplashFor the first time in a year, Manhattan home prices in the fourth quarter rose as homebuyers came off the sidelines after the Federal Reserve’s pivot led to a plunge in mortgage rates, laying the groundwork for a re-acceleration in the borough’s housing market this spring. Bloomberg cites new data from appraiser Miller Samuel Inc. and brokerage Douglas […]
GBP/USD Rises Toward 1.2700 Ahead Of US Nonfarm Payrolls

GBP/USD Rises Toward 1.2700 Ahead Of US Nonfarm Payrolls

Image Source: Unsplash GBP/USD gains ground as the US Dollar moves in the negative territory. Low-impact upbeat UK data might have reinforced the strength of the British Pound. Upbeat US labor data limited the losses of the Greenback. GBP/USD continues its winning streak for the third successive day, trading higher around 1.2690 during the Asian session on […]
Index Reflections

Index Reflections

Image Source: PexelsI come to you from the Delta Sky Club with a head hanging low, burdened by the guilt of a lack of content. I have a lengthy plane flight ahead where I can stockpile up some posts. Let’s just take a stroll through eight major index charts while I share a few words about […]
Asia Morning Bites For Friday, January 5

Asia Morning Bites For Friday, January 5

Image Source: UnsplashGlobal Macro and Markets Global Markets: US Treasury yields pushed higher again on Thursday as macro data held firm. The yield on the 2Y note rose 5.4bp to 4.385%, while that on the 10Y rose 8.3bp taking it to 3.999% though it did push briefly above 4%. This didn’t do much for the USD, and […]