intraday technical analysis

The US dollar rose to post a fresh two-year high at 99.32 before pulling back. The declines came after the ISM manufacturing PMI contracted for the first time in three years. The manufacturing activity index fell to 49.1 in August from… Read More

Following a rather slow week as far as the economic data is concerned, the Fed meeting today will be one to watch. Investors are likely to remain on the sidelines in the run-up to the release of the FOMC minutes today. The data comes as… Read More

Fears of a recession were overdone last week as a sense of normalcy returned. Equity indices managed to post a modest recovery into Friday’s close. However, concerns continue to keep risk appetite in check. From the inverted yield curve… Read More

The monthly retail sales report from the United States showed another month of solid consumer spending at retail outlets. Official data showed that headline retail sales rose 0.2% on the month while core retail sales jumped 1.0%. The… Read More

Equity markets led a strong recovery following strong declines just earlier this week. This came after investors managed to digest the developments involving the US-China trade spat. However, investor sentiment still remains cautious,… Read More

The monthly payrolls report from the US saw employers adding 224,000 jobs during June. This was higher than the estimates of 162,000 jobs. The unemployment rate ticked higher to 3.7% on an increased participation rate. The average hourly… Read More

The US markets are reopening after being closed on Thursday for Independence Day. Investors will be eyeing the payrolls report due later today. The US economy is forecast to add 162k jobs in June. Besides the US payrolls report, Canada… Read More

The Federal Reserve released the monetary policy meeting minutes late yesterday. The minutes revealed that policymakers were committed to keeping interest rates steady over the next few months. Members raised their expectations on… Read More

The US dollar was seen holding on to the gains, settling near a two-week high by Thursday’s close. The gains came as the trade tensions eased and focus once again shifted to the economic data. A delegation from Washington is expected to… Read More

The USD traded higher on Tuesday, rising to a six-week high. The new home sales report showed a 4.5% increase on a month over month basis, beating estimates of 645,000. New home sales rose to 692,000 in March. February’s figures were… Read More