Category: Forex
USD/CAD Currency Pair In Line For Short Term Bullish Run As Market Welcomes The US Retail Sales Report
The US dollar’s continual decline and Underperformance in the Forex market recently reflect on other currency pairs leveraged on the green paperback, as is the case for the USD/CAD currency pair. USD/CAD is consolidating at the 1.2500 region, unable to field enough momentum to reverse from a nine-week long downward low of 1.2453 it plunged…
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Wall Street’s Record Climb Loses Steam and GE Surges
On Tuesday, US stock indexes fell from record highs due to increasing concerns about inflation after last month saw a major increase in producer prices. In contrast, General Electric climbed on news of its plans to divide into three public companies. The producer prices data of the Labor Department indicates high inflation and this has…
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Euro/Dollar Pair Treading Water as Traders Wait for Clues about Rate Direction
On Tuesday, the euro managed to remain steady against the US dollar and most of the other currency pairs remained unchanged, as traders were waiting for US inflation data figures later in the week, along with some other clues from governors of central bank regarding the direction of the interest rates. Last week, central banks…
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Sterling Falls, Nearing 5-week Lows
On Tuesday, the pound saw itself fall against the euro as well as the dollar, which brought it not very far from the five-week low that it had reached in the previous week, as sentiment was weighed down because of fading expectations of a hike in interest rates. Sterling had experienced a sharp fall last…
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Canadian Stocks Retreat from Record Highs
On Tuesday, Canada’s main stock index fell after it hit a new closing high in the last session because of a weakness in healthcare stocks. Meanwhile, investors continued to proceed cautiously ahead of the release of US inflation data that are scheduled for later in the week. There was a fall of 0.16% or 34.31…
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Why are Trading Signals Important?
The financial markets provide people with a number of opportunities for achieving their financial goals, but you have to have the right knowledge and skills in order to enjoy the profits you want. There are a number of tools that can be extremely helpful for traders during the process and one of these are trading…
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