2019

One of the more anticipated data bits from this weekend is scheduled for release early on Sunday. This will be the official PMI data from China. With so much speculation around potential world economic weakness, the first insight into…
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Reverse trend line resistance is located at 15.22. Bespoke resistance is seen at 15.16. This formation has a measured move target of 14.41, close to the 78.6% Fibonacci level.
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Until a few months ago, the Canadian economy was firing on all cylinders. The Bank of Canada responded with hiking interest rates while maintaining a hawkish view. But since October last year, the BoC has put a break on the rate hikes.…
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The USD continued to maintain the gains amid a host of factors. The revised GDP for the fourth quarter saw the US economy rising 2.2% compared to the initial estimates of 2.6%. This was in line with YoY estimates for 2018 and it closed out…
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Possibly forming a bullish reverse Head and Shoulders pattern. A break of 1.1460 would confirm the outlook.
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JPY traders ought to keep an eye on the economic calendar during Friday's Asian session since we have a bunch of potentially market-moving data on tap. Chief among them is the retail sales data. With concerns over weakness in the world's…
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Looks to be forming a bearish Head and Shoulders pattern. A break of the neckline at 5240 and the measured move target is 5040
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The January trade deficit data for the United States showed a decline of 15% with the deficit shrinking from a revised $59.9 billion in December to $51.1. The deficit shrank on lower oil imports and surged in soybean exports. The data…
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The US Commerce Department will be releasing the final revised fourth-quarter GDP figures this week on Thursday. Economists polled forecast that the US economic growth will slow to a pace of 2.4% on the quarter. This marks a downward…
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