<p><strong>Canada’s -10.0% retail sales plunge in March</strong> matched expectations for a hefty pull-back amid the lockdowns in the second half of the month. It was the largest one month drop on record. But the ex-autos sales aggregate dipped just -0.4% in March, contrary to expectations for a pronounced drop. In February,
Blogs
EURUSD – Rejection, Retrace, Sell-Off
<h3><strong>EURUSD, H1</strong></h3> <p>EURUSD has drifted down to a fresh four-day low at <strong><span>1.0886</span></strong>, driven lower by a broad haven-bid for Dollars as Hong Kong re-emerges as a flash point in US-China, and West-China, relations. The narrow trade-weighted USDIndex (DXY)
Silver, Gold and Dollar Correlations
<h3>XAGUSD, XAUUSD, Daily</h3> <p>The opportunity for a significant silver price rally during the strengthening of the US Dollar looks very low, but when there is a weakening of the US Dollar, the pace of the silver rally can become unstoppable.</p> <p>There is a significant relation between the silver price and US Dol
Equities Remain Mixed
<h3>UK100, Daily</h3> <p>European stock markets sold off earlier, with DAX and FTSE100 down -1.3% and -0.8% respectively despite better than expected Eurozone and UK PMI readings. However, they recovered from the early losses and now trade up +0.9% and +1.2% respectively. The US markets opened with gains of around 0.2% following t
Ahead of BoJ emergency policy meeting
<p><span>Focus will now shift to the BoJ monetary policy statement and press conference, where there have been reports the Bank may up its JGB and corporate bond purchases. </span></p> <p>Japan reported this week preliminary Q1 GDP,along with April trade data, while tonight it will report April national CPI. The data s
How to Trade the Dow Theory
<p>Join our Head Market Analyst Stuart for a comprehensive review of Dow Theory. Follow him as he explains how the Dow Theory works in technical analysis and enrich your knowledge through this interactive Q&A session!</p> <p><iframe src="https://w.soundcloud.com/player/?url=https%3A//api.soundcloud.com/tracks/82507
Market Update | 21 May
<p>Wall Street had closed higher yesterday, but risk appetite started to wane in quiet trade during the course of the Asian session. The US Senate passed a bill that could bar some Chinese companies from listing on US exchanges and fresh criticism from U.S. President Trump of China’s leadership added to concerns that we are […]
The Art Of Price Action Trading
<p>Want to trade without any indicators on your chart? Price Action Trading is just that – decisions made on price alone. Support, Resistance, Reversals and Pin bars are all key to this approach, listen as Stuart demonstrates everything you need to know in this interactive webinar and podcast, including:</p> <ul> <li>Identif
USD slumps, NZD hit fresh highs
<div> <div> <div><strong>The NZD is the strongest and the USD is the weakest (with the JPY weaker as well) as traders go “risk on” again. </strong></div> <div>There remains a level of dissonance in market sentiment, between the reopening of locked-down economies on the one hand, and tensions bet