USD/CAD and EUR/CAD price action respond to critical technical support levels as the Canadian Dollar starts to give back recent gains. Is USD/CAD, EUR/CAD and broader Canadian Dollar primed for a r…
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CAC 40 Forecast: Index Bleeds Lower Following ECB Meeting
The CAC 40 closed near its session low despite an accommodating attitude from the European Central Bank. Where is it headed next?
EURUSD tries to rebuild intraday momentum after correction
Correction stalled near 38.2% of the move up today The EURUSD is trying to rebuild intraday momentum after the corrective move off the high price stalled ahead of its 38.2% at 1.09182 (the low reached 1.09203 – just above that correction level). If a trend move can only correct to the 38.2%, it is more […]
US 2 year yield falls to the lowest level since 2011
Yield low from 2011 reached 0.1431% See here for global coronavirus case data
AUD/USD whipsaws below 7-week highs at 0.6570
The Australian dollar might be about to put an end to a six-day rally from 0.6257 after reaching multi-week highs at 0.6570 earlier today. The AUD/USD
US: New jobless claims continue to trend lower but remain extremely high – Wells Fargo
Data released on Thursday showed that initial jobless claims reached 3.8 million last week, 603K less than the previous week. Analysts at Wells Fargo
UK PM Johnson: Face coverings will be useful as we come out of lockdown
The phase-two of the coronavirus plan will be more sophisticated in responding to changes in the rate of infection, British Prime Minister Boris Johns
EUR/USD Stable as ECB Takes Further Action to Boost Eurozone Economy
The European Central Bank has left its interest rates unchanged, as expected, but increased its measures to counter the economic slump caused by Covid-19.
DAX 30 Outlook: Upside Exhausted, ECB Key for Next Leg
All eyes on ECB as weak Eurozone data places further pressure on Lagarde and Co. to act. DAX Struggling for Direction.