EUR/USD 4 hour The EUR/USD downtrend continued yesterday with one more lower low within wave 3 (green). The bearish momentum could be aiming at 1.17-1.18 support zone before a larger correction within a wave 4 (green) could take place. Price remains however in a downtrend as long as price stays within the bearish channel and…
The strategy of favoring low-priced stocks over their high-price counterparts has been floundering in recent years, inspiring some investors to give up on the value tilt for money management. But a recent run of reporting suggests that a new dawn may be at hand for this corner of investing. A Barron’s cover story on April…
Canada is expected to post a second consecutive month of upbeat job gains. The high hopes for the April are based on other positive data but may lead to disappointment. The USD/CAD is looking for a new direction, and this report may supply it. Canada publishes its jobs report on Friday, May 11th, at 12:30…
With interest rates at a dizzying 40% and inflation at 25.6%, one might say that the Argentinian economy is in a high fever as the nation’s leadership try to impose market reforms, cut government spending and end protectionism. Whilst unpopular at home, the measures are naturally meeting resistance at home. It is understood that Argentina…
On Thursday the BoE will publish the MPC’s policy decision, the May Inflation Report and the minutes of the MPC meeting due to end on 9 May. We expect a majority of the nine-member MPC to vote in favor of maintaining the bank rate at 0.50%, with Ian McCafferty and Michael Saunders likely dissenting in…
Gold not far from confirming a bearish triple top. pricechart: INVESTING.com
WTI Crude Oil The WTI market was very volatile during the trading session on Tuesday, as the markets prepared for Donald Trump to leave the Iranian deal. Instead of breaking the deal apart completely, the United States has offered more sanctions, so in a sense it was probably the “least bad” scenario for crude oil….
With Turkish capital markets in free fall, the Turkish lira crashing to record lows… … and one-year TRY swap spreads hitting 17%, the highest since the days just after Lehman’s failure and AIG’s bailout… … and chaos increasingly gripping the Turkish economy as the central bank is barred from doing the one thing that is…
The Wendy’s Company (WEN – Free Report) reported better-than-expected results in the first quarter of 2018. Adjusted earnings of 11 cents surpassed the Zacks Consensus Estimate of 10 cents by 10%. The bottom line also increased 37.5% year over year, primarily favored by the positive effect of lower tax rate related to share-based payments along with Tax Cuts…
The US dollar is broadly higher as the 10-year yield probes above 3.0%. Disappointing French industrial production and manufacturing data for March provided additional incentive, as if it were needed, to extend the euro’s losses. The euro dipped below $1.1825. The single currency is off a cent this week after falling nearly two last week. A…
