Canada S&P Global Manufacturing PMI: 47.7 (September) vs previous 48.3
Canada S&P Global Manufacturing PMI: 47.7 (September) vs previous 48.3
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Dollar falls on U.S. government shutdown, now on pace for worst annual decline in 22 years
The dollar fell Wednesday after U.S. lawmakers failed to avert a government shutdown, raising questions from traders about the potential economic impact. -
Trump’s threats against late-night TV could spell more trouble for advertisers
The recent upheaval in late-night programming has shown a spotlight on ratings and revenue — and spurred questions of political influence. -
USD/JPY Mid-Day Outlook
Daily Pivots: (S1) 147.44; (P) 148.15; (R1) 148.64; More… Intraday bias in USD/JPY remains on the downside for for 145.47 support. Strong support from there will keep the pattern from 150.90 corrective. That is, rise from 139.87 would still be in favor to resume at a later stage. However, decisive break of 145.47 will indicate […]
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USD/CHF Mid-Day Outlook
Daily Pivots: (S1) 0.7941; (P) 0.7963; (R1) 0.7988; More… Intraday bias in USD/CHF remains neutral at this point. On the upside, sustained trading above 55 D EMA (now at 0.8014) will suggest that rise from 0.7828 is already correcting whole fall from 0.9200. Further rise should the be seen to 0.8170 resistance and possibly above. […]
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EUR/USD Mid-Day Outlook
Daily Pivots: (S1) 1.1709; (P) 1.1736; (R1) 1.1759; More… No change in EUR/USD’s outlook and intraday bias stays neutral. Considering bearish divergence condition in D MACD, sustained trading below 55 D EMA (now at 1.1675) will argue that 1.1917 was already a medium term top. Deeper fall should then be seen to 1.1390 support next. […]
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EUR/USD steadies as weak ADP data, US shutdown weigh on Greenback
The Euro (EUR) steadies against the US Dollar (USD) on Wednesday, with EUR/USD reversing some of the earlier losses as traders react to softer-than-expected US private sector employment figures. -
GBP/USD Mid-Day Outlook
Daily Pivots: (S1) 1.3418; (P) 1.3442; (R1) 1.3471; More… Focus is back on 1.3535 resistance in GBP/USD with today’s extended rebound. Firm break there will target 1.3725/87 key resistance zone. On the downside, though, break of 1.3322 will resume the fall from 1.3725, as the third leg of the corrective pattern from 1.3787, and target […]
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Dollar Slips as Fed Cut Bets Surge on ADP, Yen and Sterling Firm
Dollar weakened broadly in early US trade after a sharp miss in the ADP employment report. The data amplified concerns that US job growth is faltering, and rate markets reacted swiftly. A quarter-point Fed cut this month is now fully priced in, while the odds of another cut in December have jumped to nearly 90%. […]
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Brazil S&P Global Manufacturing PMI fell from previous 47.7 to 46.5 in September
Brazil S&P Global Manufacturing PMI fell from previous 47.7 to 46.5 in September
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