Stocks Unfazed by Robust Consumer Confidence

Stocks Unfazed by Robust Consumer Confidence

2021-03-30

  STOCK MARKET FORECAST: NASDAQ 100 STRUGGLING DESPITE BIG BEAT ON CONSUMER CONFIDENCE DATA The Nasdaq 100 is trading on its back foot so far this morning as major stock indices drop following the New York opening bell. Stock market selling pressure has been relatively modest, however, with the NasdaqRead More →

NZD/USD slides to four-month lows, around 0.6975 region

NZD/USD slides to four-month lows, around 0.6975 region

2021-03-23

  NZD/USD continued losing ground on Wednesday and dropped to fresh multi-month lows. The NZ government’s overnight announcement to curb housing prices weighed on the kiwi. The risk-off mood benefitted the safe-haven USD and contributed to the ongoing downfall. The NZD/USD pair remained depressed through the Asian session on WednesdayRead More →

USD/JPY tumbles to 2-day lows near 108.80

USD/JPY tumbles to 2-day lows near 108.80

2021-03-16

  USD/JPY looks weaker below the 109.00 hurdle. US Retail Sales surprised to the downside in February. US Industrial Production contracted more than expected. The corrective downside in US yields lends some buying interest to the Japanese yen and drags USD/JPY back below 109.00 the figure on Tuesday. USD/JPY looksRead More →

Bitcoin hits ,000 in record high By Reuters

Bitcoin hits $60,000 in record high By Reuters

2021-03-15

  © Reuters. FILE PHOTO: Representations of virtual currency Bitcoin and U.S. dollar banknotes are seen in this picture illustration (Reuters) – , the world’s biggest cryptocurrency, on Saturday crossed a record high of $60,000. Bitcoin has risen sharply this year, broadly outperforming conventional asset classes, partly due to broaderRead More →

Clings to gains near 200-hour SMA, around 105.35-40 region

Clings to gains near 200-hour SMA, around 105.35-40 region

2021-02-23

  USD/JPY staged a goodish rebound from sub-105.00 levels amid resurgent USD demand. The set-up favours bullish traders and supports prospects for additional near-term gains. A move towards the 105.70 region, en-route the 106.00 mark, looks a distinct possibility. The USD/JPY pair showed some resilience below the key 105.00 psychologicalRead More →

Bitcoin, ether hit fresh highs By Reuters

Bitcoin, ether hit fresh highs By Reuters

2021-02-21

SINGAPORE/NEW YORK (Reuters) – hit a fresh high on Saturday, extending a two-month rally that took its market capitalization above $1 trillion on Friday. The world’s most popular cryptocurrency rose to a record $57,553, taking its weekly gain to around 20%. It has surged nearly 100% this year. Bitcoin’s gainsRead More →

Busy Week Ahead, GDP, Fed, IMF, Earnings Season

Busy Week Ahead, GDP, Fed, IMF, Earnings Season

2021-01-23

  Canadian Dollar Fundamental Forecast: Neutral   What are the top trading opportunities this year?   The Canadian Dollar traded mixed against the US Dollar this past week, but its broader path of appreciation since late March 2020 remains intact. CAD received a boost after Bank of Canada’s Governor TiffRead More →