Fourth Quarter Earnings Season and Forex
We previously wrote about the importance of earnings season to the financial markets and how it influences currency moves. Now that earnings season is ramping up for the fourth quarter let's have a look at what major investors are…
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Intraday Technical Analysis 18 January
The Eurozone's inflation report showed that consumer prices slipped more than expected. Headline CPI fell to 1.6% which was more than the flash estimates that pointed to a decline of 1.7%. Core inflation, however, remained steady at 1.0%.…
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EURUSD – Another drive lower before buyers emerge
Holding with a bullish channel formation. Trend line support is located at 1.1324
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Bank of Canada keeps interest rates unchanged
The Bank of Canada held its monetary policy meeting last week on Wednesday. The Central Bank kept interest rates unchanged at 1.75% at its meeting. The Central Bank said that the path of monetary policy would depend on assessing the…
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Europe’s Next Recession
Following the drop in US stock indices at the end of last year, there was quite a bit of press talk about a potential recession. But that has gone by the wayside now that the Dow managed one of it's best starts of the year in history.…
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Intraday Technical Analysis 17 January
The markets continued to focus on Brexit which dominated the headlines for a second consecutive day. No less than 24 hours after the UK Parliament rejected the Brexit bill, the opposition party leader Jeremy Corbyn moved for a no-confidence…
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ECB’s monetary policy meeting – Draghi to take a cautious stand
The European Central Bank released its meeting minutes from the December monetary policy meeting last week. The minutes showed that ECB officials were close to giving a downbeat assessment of the economic prospects for the Eurozone.
The…
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