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USD/CAD Price Analysis: Dollar Stays Firm on Eve of Inflation Data

Wed, 01/10/2024 - 04:58
The dollar has risen by 1% this month, recovering from a 2% drop in December. The Canadian dollar weakened to a nearly four-week low on Tuesday. Data from Canada revealed a narrowing trade surplus to C$1.6 billion in November.

U.S. Trade With China, World Continues Sinking

Wed, 01/10/2024 - 04:45
One month after showing signs of bottoming, trade between the U.S. and China plunged in November 2023.

EURUSD Breaks Above Resistance, Potential For Upside Move

Wed, 01/10/2024 - 04:33
EURUSD has recently broken above the resistance level at 1.0972, suggesting that the downside move from 1.1139 has completed at 1.0876. This breakout indicates a potential for another rise in the coming days.

Bonds Made A Historic Move, Now What?

Wed, 01/10/2024 - 04:30
The recent bond rally - which may not be over - was one for the books. The 10-year US Treasury dropped nearly 120 bps off its yield in only 47 trading days.

USD/CAD Forecast: Looks For Momentum Against The Loonie

Wed, 01/10/2024 - 04:23
In the short term, I'll be looking at the 1.34 level and seeing whether or not we can break out to offer another 100 pips to the upside. 

Two Trades To Watch: GBP/USD, USD/JPY Forecast - Wednesday, Jan. 10

Wed, 01/10/2024 - 04:15
GBP/USD looks to BoE Governor Andrew Bailey's appearance. USD/JPY rises ahead of tomorrow's US CPI data.

GBP/USD Forex Signal: Consolidating Likely Ahead Of US Inflation Data Tomorrow

Wed, 01/10/2024 - 04:13
Concerning the GBP, the Governor will be making routine testimony before the UK Parliament at 2:15pm UK time. 

GBP/JPY Advances To Near 184.40 On Downbeat Japanese Labor Cash Earnings Data

Wed, 01/10/2024 - 03:59
GBP/JPY snaps a two-day losing streak, improving to near 184.40 during the European session on Wednesday.

Analysts Are Pessimistic On Shopify Stock Price: What Now?

Wed, 01/10/2024 - 03:43
Shopify share price has rebounded sharply in the past few months. Some analysts have turned pessimistic about the company. The management has shifted its focus to profits.

BTC/USD Forecast: Pulls Back From Major Resistance Barrier

Wed, 01/10/2024 - 03:39
At the end of the day, the Bitcoin market currently faces a pivotal point near the $47,500 level, with potential support at $45,000 and $40,000.

Sensex Today Trades Flat; Nifty Below 21,550

Wed, 01/10/2024 - 03:32
Asia's stock indexes meandered close to one-month lows on Wednesday.

Daily Market Outlook - Wednesday, Jan. 10

Wed, 01/10/2024 - 03:20
Most stocks in the Asian region saw a decline following the weak performance of Wall St and cautiousness ahead of important inflation data and earnings reports.

Traders Positioning Ahead Of Thursday's US CPI

Wed, 01/10/2024 - 03:07
We’ve seen a lot of sideways trade this week. And the recipe for Wednesday could very well be the same given the super light economic calendar.

BTC/USD Forex Signal: Bitcoin Rally Could Get Supercharged

Wed, 01/10/2024 - 02:55
Bitcoin held tight as traders waited for the closely-watched spot ETF decision by the Securities and Exchange Commission (SEC).

5 Tips To Enhance Your Day Trading Strategy

Wed, 01/10/2024 - 02:43
Day trading is a popular strategy for making quick profits, but it is important to understand the risks involved before you start trading.

2 Top-Ranked Chip Stocks To Buy For Income

Wed, 01/10/2024 - 02:31
Semiconductors, commonly referred to as microchips, are a bright highlight of technology, existing in nearly every aspect of our lives. Over the last several years, chip stocks have exploded in popularity, and for an easy-to-understand reason

FX Daily: Monitoring Central Bank Speakers Ahead Of US CPI

Wed, 01/10/2024 - 02:10
The FX market appears in wait-and-see mode ahead of tomorrow’s US CPI. Today, there aren’t key data releases, but we’ll keep an eye on speeches by Fed members

Monthly Dividend Business Development Companies Paying Over 9%

Wed, 01/10/2024 - 01:50
BDCs play an important role in the economy by providing financing to growing businesses that may not be able to obtain it from traditional lenders. This article lists BDCs paying dividend yields of more than 9% and pay their dividends monthly

4 Hour Chart Elliott Wave Technical Analysis: EURUSD - Wednesday, January 10

Wed, 01/10/2024 - 01:27
The "EURUSD Elliott Wave Analysis Trading Lounge 4 Hour Chart" dated 10 January 24, delves into the intricacies of the Euro/U.S. Dollar (EURUSD) currency pair, utilizing Elliott Wave theory to provide traders with valuable insights

Intuitive Surgical Stock: Not Cheap But A Buy Anyway

Wed, 01/10/2024 - 01:07
Intuitive Surgical's stock price has silently outperformed the market in the past decade. It has risen by over 700% since 2014 while the benchmark S&P 500 index has risen by about 150% in the same period

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