After suffering a break beneath support last week, USD/CAD continued lower and may suffer further losses in the days ahead as it grasps for support.
Author: n Peter Hanks
The US stock market has moved within reach of all-time highs as equities look to reclaim ground that was lost during the coronavirus crash. Is such a rebound warranted, and what is the driver?
US Dollar weakness persisted to start the week, allowing a number of USD crosses to post outsized moves. NZD/USD was no exception as the pair quickly shot to resistance and a 3-month high.
The S&P 500 broke above 3,000 for the first time since March 6 as risk appetite appears to drive equities higher. Will the bullish breach spark a continuation rally or is this a false break?
Crude oil has rebounded significantly this month after momentarily slipping into negative territory in late April. Similarly, stocks in the S&P 500 energy sector have outperformed other industries.
The Nikkei 225 staged a bullish break above 20,000 as bulls set their sights on April’s price peak as they look to continue the recent leg higher. Can it continue?
The Nikkei 225 staged a bullish break above 20,000 as bulls set their sights on April’s price peak as they look to continue the recent leg higher. Can it continue?
The DAX 30 has traded sideways since early April, establishing little progress in either direction. Trading near the topside of its range, can the index break out?
The Nasdaq has recovered after stumbling to start the month, shifting its focus to levels that coincide with prior swing highs. Still, looming jobs data could derail the recovery.
The FTSE 100 will look to the upcoming rate decision from the Bank of England as it attempts to break above various technical levels overhead.