Bearish View Sell the USD/CAD pair and set a take-profit at 1.2700. Add a stop-loss at 1.2850. Timeline: 1-2 days. Bullish View Set a buy-stop at 1.2850 and a take-profit at 1.2950. Add a...
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USD/CHF FLIRTS WITH ONE-MONTH LOW, AROUND 0.9500 MARK AMID WEAKER USD
USD/CHF slides to a one-month low on Monday amid the prevalent USD selling bias. Diminishing odds for more aggressive Fed rate hikes continue to weigh on the buck. A softer risk tone benefits the...
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South Korea’s factory activity shrank in July for the first time in nearly two years
Another less than encouraging sign for the global economy. South Korea’s manufacturing PMI dropped into contraction at 49.8 in July prior was 51.3 first time below 50 since September 2020 South Korean manufacturers reported...
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Canada budget balance for April comes in at C$2.66 billion surplus
The Canada budget balance for April comes in at C$2.66 billion vs. C$-25.75 billion deficit in the prior period. Year to date has a surplus of C$5.32 billion. That compares favorably to a deficit...
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Dollar steadies itself on the day
The greenback has pared losses against the euro, pound, loonie, aussie and kiwi on the session now, trailing just behind the yen and franc. Even then, the dollar has moved off earlier lows and...
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WTI Crude Oil Forecast: Showing Signs of Hesitation
The West Texas Intermediate Crude Oil market initially tried to rally on Tuesday but gave back gains as we got a little bit too close to the $100 level. The market is also far too close...
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North Rhine Westphalia July CPI 7.8% vs 7.5% y/y prior
The first glance into German state inflation readings today isn’t a comforting one as the numbers from the country’s industrial state show that headline annual inflation rose in July as compared to June. A...
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USD/JPY: Incremental Gains as Storm of Volatility Lies Ahead
The USD/JPY has produced almost seemingly polite incremental gains the past two days of trading and is approaching intriguing short term resistance. Speculators watching the USD/JPY may perceive the USD/JPY has demonstrated rather tranquil...
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Physical flows through Nord Stream 1 pipeline fall as expected
Flows were seen at 27.8 million kWh/h at 0500 – 0600 GMT Flows were reduced to 24.8 million kWh/h at 0600 – 0700 GMT Flows are now reduced to 17.4 million kWh/h for 0700...
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ETH/USD Forecast: Ethereum Has Rough Open
Ethereum pulled back a bit Monday, as it looks like we are going back and forth and trying to figure out where we are going to go next. Looking at this chart, it would...
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