Blogs

<p>Last month’s highly-anticipated Non-Farm Payrolls report was clearly catastrophic, albeit not quite as horrible as many economists had feared. Beyond the shocking headline drop of -20.5M jobs, the report had a bizarre quirk: average hourly earnings actually rose 4.7%, the biggest single month spike on record. Why did we see a record increa

<p>USDCHF faced a sharp selling interest over the last few hours, flirting with the 0.9590 support level. This move is suggesting more losses, confirmed by the RSI, which is heading south below the 50 leveld. Moreover, the red Tenkan-sen line fell beneath the blue Kijun-sen line and the price is holding well below the 20- […]

<p>EURJPY’s one-month positive incline is stalling ahead of the key 122.86 resistance border. Although positive momentum appears to be waning, the ascent from the 3½-year low remains intact, something also reflected by the upward slopes within the simple moving averages (SMAs). The short-term oscillators appear to be holding on to their posit

<p>ECB delivers, Lagarde presser sinks rally, US eyes China Media, Continuing Claims rise, Oil off lows on Europe’s response, Gold pares gain European equities and US futures rose from session lows after the ECB boosted its Pandemic bond buying program and extended it through June 2021. The DAX and Euro Stoxx 600 are starting to […]

<p>Canada’s merchandise trade deficit more than doubled, to $3.3 billion in April, following a $1.5 billion deficit in March. Both exports (-29.7%) and imports (-25.1%) registered their largest monthly drops on record. Stripping out price impacts, export volumes shrank 19.9%, and import volumes were down 24.8%. The bigger wedge between

<p>The S&P 500 Futures are facing a slight consolidation after they extended their winning streak to a fourth session yesterday. Investors were encouraged by better-than-expected private jobs data and signs of abating social unrest. On the statistic front, Initial Jobless Claims for the week ended May 30 were 1.877 million vs 1.833 milli

<p>The dollar fell across the board after the ECB announced the increase of bond buying for additional Eur 600 billion, bringing the total of the program for supporting the economy after pandemic (PEPP) to Eur 1.135 trillion. The action of the central bank was expected although the timing was and issue as markets were not […]

<p>The US dollar has continued to decline against a basket of currency majors despite optimistic economic data. The dollar index (#DX) has updated local lows and closed in the negative zone (-0.41%). Thus, the number of people employed in the nonfarm sector decreased by 2,760K, while experts expected a larger reduction by 9,000K. ISM non-manu

<p>The Swiss Franc has surged by 4.29% against the Japanese Yen since May 6. The currency pair tested the upper boundary of an ascending channel pattern at 113.31 on June 3. Given that the CHF/JPY exchange rate is currently trading near the upper line of the ascending channel pattern, a breakout could occur during the […]

<p>The Canadian Dollar has surged by 2.52% against the Swiss Franc since June 1. The currency pair breached the weekly R2 at 0.7118 on during yesterday’s trading session. All things being equal, the CAD/CHF exchange rate would continue to trend bullish during the following trading sessions. Buyers could target the psychological resistan