USD/CAD LIKELY TO DROP TO 1.22 IN THE COMING QUARTERS – NFB
The USD/CAD pair will likely decline toward 1.22 in the coming quarters with the oil/loonie correlation turning positive again, point out analysts at National Bank of Canada. They see the…
EUR/USD Technical Analysis: Bearish Stability
At the beginning of last week’s trading, the bulls tried to control the direction of the EUR/USD currency pair, but the pace of gains stopped at the resistance level 1.0293. It…
Berkshire Hathaway posted a quarterly loss due to a fall in the stock market
Warren Buffett’s investment company Berkshire Hathaway ended the second quarter of 2022 with a loss due to falling asset values. The company’s net loss in April-June amounted to $43.755 billion,…
Trading Support and Resistance – AUD/USD, EUR/USD, GBP/USD
Get our trading strategies with our monthly & weekly forecast of currency pairs worth watching using support & resistance for the week of August 8, 2022. This week I will begin…
Weekend data – China’s exports in June beat estimates and grew at their fastest this year
China’s economy continued to recover from lockdowns earlier in the year through July, the best growth in exports will be welcome. Less welcome of course is the miss on imports,…
GBP/USD Forecast: British Pound Continues to Look Lost
The GBP/USD currency pair has been all over the place during the trading session on Thursday, as the Bank of England raised interest rates by 50 basis points. We are sitting just…
Stock futures slump on wories of faster Fed rate hikes
S&P 500 futures are down 42 points shortly ahead of the open while Nasdaq futures are down 195 points. The US dollar is up to the best levels of the…
Pirelli increased its half-year net profit by 1.8 times
The Italian tire manufacturer Pirelli & C SpA increased its net profit by 1.8 times in the first half of the year, and also raised its revenue forecast for the…
Blinken: US will not be provoked by China’s actions
China’s actions are a significant escalation There are serious concerns that Beijing actions will destabilise the region US will continue to make maritime transits through Taiwan strait After all the…
FOREX TODAY: DOLLAR RECOVERS MODESTLY AHEAD OF HIGHLY-ANTICIPATED NFP DATA
Here is what you need to know on Friday, August 5: The dollar weakened against its rivals amid falling US Treasury bond yields on Thursday but managed to regain its…