FX

USD/CAD struggled to capitalize on its intraday positive move and failed near the 1.2700 mark. Investors await a sustained move beyond a descending trend-line before placing bullish bets. Dips towards daily swing lows might still be seen as a buying opportunity and remain limited. The USD/CAD pair quickly retreated nearly 50 pips during the early North

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China’s Trade Balance for January and February, in Yuan terms, came in at CNY675.86 billion versus CNY369.73 billion expected and CNY516.81 billion last. The exports in the first two months of 2021 surged by a whopping 50.1% vs.11.2% expectations and 10.9% last. Imports arrived at 14.5% vs.-2% market forecasts and -0.2% prior. In USD terms,

Major indices whipsaw post the US Employment report on Friday. Nasdaq, S&P, and Dow all end Friday in positive territory. Nasdaq declines for the third straight week. Well what a session that was, indices close up near session highs, having posted a strong recovery in the second half of Friday’s trade. The US Employment report surpasses

PLTR sees whipsaw on Friday in a choppy session. PLTR has struggled for momentum, post Q4 results PLTR down nearly 50% from January highs. Update: Palantir shares finished the day on Friday nearly 3% lower but it could have been a lot worse. Markets bounced sharply from mid-afternoon lows as profit taking and bargain hunting in

NIO shares have fallen nearly 40% from January highs. NIO is a heavily favoured retail interest stock. NIO shares had a stellar rise in 2020. Update: Shares in NIO rode the volatile session on Friday as markets whipsawed following the US jobs report. NIO bounced from lows of $31.91 to close Fiday at $38.11 a loss

US monthly jobs report overview Friday’s US economic docket highlights the release of the closely watched US monthly jobs data, popularly known as NFP. The report is scheduled to be released at 13:30 GMT and economists anticipate that hiring might have picked up again in February. The US economy is anticipated to have added 182K

EUR/JPY bulls holding the price up at 4-hour support. Now at breakeven, the bulls continue to target 130.40 in a daily bullish impulse.   As per the prior analysis, EUR/JPY Price Analysis: Bulls in control from 4-hour support, the pair has indeed to continue to move higher to a breakeven scenario as the market gets set for the do

USD/CAD oscillated in a narrow trading range through the mid-European session. A breakout through a falling wedge pattern supports prospects for additional gains. Bulls might aim for a move beyond the 1.2700 mark and test the 1.2745 supply zone. The USD/CAD pair lacked any firm directional bias and seesawed between tepid gains/minor losses through the

German Chancellor Angela Merkel met with the 16 state premiers on Wednesday to discuss the gradual easing of coronavirus curbs in the country. Though some measures could be lifted, most of the current restrictions were expected to be extended until March 28. Merkel has recently been vocal about setting the path for gradually easing lockdown and said

NYSEAMERICAN:ZOM gained a further 2.91% on Tuesday despite the border market retreat. Zomedica reported its Q4 and year end 2020 earnings results on Friday after the closing bell.  Investors continue to believe that the impending Truforma release will launch Zomedica to a huge windfall. NYSEAMERICAN:ZOM continued its stellar year ever since the calendar flipped to

Gold extends corrective pullback from 8.5-month low to refresh weekly high. US dollar weakness precedes the recently upbeat news from the US, the UK to favor bulls. Cautious sentiment ahead of the key data/events, lack of major catalysts keeps traders guessing. Gold prices extend the early-week recovery while picking up bids around $1,739 amid the

EUR/USD has been under growing pressure as Fed’s reluctance to tackle yields boosts the dollar while ECB’s efforts to curb rises in long-term returns on Europe’s covid struggles weigh on the euro. The 1.1950 level is eyed, Yohay Elam, an Analyst at FXStreet, reports. See: EUR/USD to strengthen with vaccine rollout in the second quarter –

AUD/JPY awaits fresh clues to extend the latest recovery moves. 100-bar SMA, multiple trend lines offer strong support above 82.00. MACD teases bulls as the quote nears last week’s trading range around 83.00. RBA is less likely to alter current monetary policy, statements will be the key. AUD/JPY eases to 82.95 as bulls await the

USD/JPY trades at fresh 2021 highs in the 106.70 price zone as market players continue to buy the greenback. The pair is firmly bullish in the near-term and eyes the 107.00 level, Valeria Bednarik, Chief Analyst at FXStreet, reports. Key quotes “Weekend news spurred some risk-appetite at the beginning of the day, as the focus

Silver is in the hands of the bulls for the open. Bulls can target the neckline of the daily M-formation’s neckline.  The daily chart has formed a bullish M-formation from which bulls can exploit from an hourly vantage point for bullish conditions and an optimal entry.  Daily chart From an hourly perspective, the immediate resistance

GBP/USD is stabilising around the 1.3950 mark as the week draws to a close. On the week, having been up over 1.6% at highs, GBP/USD looks set to finish the week down 0.3%. GBP/USD is stabilising around the 1.3950 mark as the week draws to a close, sharply below multi-year highs set back on Wednesday

US bond yields fell sharply on the final trading day of the week. 10-year yields, having hit the mid-1.50s% on Thursday, dropped back to 1.40% on Friday. After surging all week, US bond yields are seeing a sharp retracement on Friday, as bond-buying ramped up into the close of US trade. The selling is most