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USD/CAD Climbs To 1.4385 Amid Sliding Oil Prices, Modest USD Strength Ahead Of US Data

USD/CAD Climbs To 1.4385 Amid Sliding Oil Prices, Modest USD Strength Ahead Of US Data

 Image Source: Unsplash   USD/CAD regains positive traction on Thursday and draws support from a combination of factors. Retreating Oil prices undermines the Loonie and acts as a tailwind amid reviving USD demand.  Traders now look to the US monthly Retail Sales and Jobless Claims data for short-term impetus.  The USD/CAD pair builds on the overnight […]
The Trump Bump And Dump

The Trump Bump And Dump

On Monday, the S&P 500 officially made a round trip back to the same levels as election eve. The equity rally that kicked off when Donald Trump won the election has been erased. The financial media blames the recent dump on prospects for wide-reaching tariffs and other policies. The reality is that higher bond yields […]
GBP/USD Forex Signal: Break And Retest Points To A Drop To 1.2000

GBP/USD Forex Signal: Break And Retest Points To A Drop To 1.2000

Bearish view Sell the GBP/USD pair and set a take-profit at 1.2000. Add a stop-loss at 1.2325. Timeline: 1-3 days. Bullish view Buy the GBP/USD pair and set a take-profit at 1.2315. Add a stop-loss at 1.2096. The GBP/USD exchange rate wavered after the relatively encouraging inflation numbers from the UK and the United States […]
Sensex Today Trades Higher; L&T Technology Services Rallies 8%

Sensex Today Trades Higher; L&T Technology Services Rallies 8%

Asian markets traded higher following an overnight rally on Wall Street. Japan’s Nikkei 225 gained 0.61%, while the Topix rose 0.23%.US stock market ended higher on Wednesday, with all three major indexes registering their biggest daily percentage gains in more than two months.Here’s a table showing how US stocks performed on Wednesday: Stock/Index LTP Change […]
FX Daily: Focus Is On The New US Treasury Secretary

FX Daily: Focus Is On The New US Treasury Secretary

Image Source: Pexels  Besides expecting another round of positive US activity data, today’s FX focus will be on the Senate confirmation hearing of Scott Bessent, Trump’s nominee for US Treasury Secretary. He will be questioned about the dollar, tariffs, and the upcoming fiscal agenda. We don’t think he’ll disrupt the strong dollar stance just yet. Additionally, […]
Elliott Wave Technical Analysis: Coffee – Thursday, Jan. 16

Elliott Wave Technical Analysis: Coffee – Thursday, Jan. 16

Coffee Elliott Wave AnalysisCoffee breached the May 2011 high that was set over 13 years ago. Thus, with the recent high, the commodity has reached a fresh record high, even surpassing the previous record high set in March 1977. The commodity has gained about 80% in the last 1 year making it one of the most profitable commodities […]
Metal Markets Report For Wednesday, Jan 15

Metal Markets Report For Wednesday, Jan 15

Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in the gold and other relevant metal markets.Video Length: 00:07:27More By This Author:Financial Markets Report For Wednesday, Jan 15Metal Markets Report For Tuesday, Jan 14SPDR ETF Report For Tuesday, Jan 14
Current Report: Kanadevia

Current Report: Kanadevia

Image Source: PixabayTM Editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.Kanadevia Corp (HIZOF) is engaged in designing, constructing, and manufacturing Waste Energy plants, desalination plants, water and sewage treatment plants, marine diesel engines, press machines, process equipment, precision machinery, bridges, hydraulic gates, and […]
Gold Trading Strategy, XAUUSD Analysis & Forecast – Thursday, Jan 16

Gold Trading Strategy, XAUUSD Analysis & Forecast – Thursday, Jan 16

Image Source: UnsplashToday you will see Gold price prediction based on the technical analysis. What is the support and resistance on the daily time frame for XAUUSD? What to expect where the price will breakout for the XAUUSD based on the supply and demand zones.Video Length: 00:02:48More By This Author:Gold Trading Strategy, XAUUSD Analysis & Forecast […]
Q4 Earnings Season Kicks Off Strong

Q4 Earnings Season Kicks Off Strong

Image Source: Unsplash We are off to a solid start to the 2024 Q4 earnings season, with the big banks not only coming ahead of estimates but also providing reassuring guidance for the coming quarters. One of the best things that can happen this earnings season will be for management teams to validate the robust and […]