Canadian Dollar is down more than 0.5% this week with USD/CAD rallying into technical downtrend resistance. Here are the levels that matter on the Loonie weekly chart.
There’s a significant reason why China has been issuing debt denominated in US Dollars.
The US Dollar has pushed up to a fresh six-week-high, testing a big zone of resistance. Can USD bulls continue to push?
UK PMI surge should see the Bank of England refrain from cutting interest rates next week. Euro eyes Italy risk, while crude oil plunges.
Gold prices held the bid this week but horizontal resistance remains. Are Gold prices on the cusp of another bullish breakout?
USD/CAD rallied, but is reversing off of resistance while the Euro is breaking down below key support; there are a few other key developments to watch in week ahead.
The British Pound remain one of the week’s best performing currencies, despite fears of a BoE rate cut next week. Finally, the Brexit process nears the end with EU chiefs signing off the Withdrawal…
A very bad week for oil bulls with prices collapsing throughout the week. Technical support looks tentative, while the fundamental backdrop remains weak.
Italy is back on the agenda as focus turns towards the regional Italian election. Government stability to wobble on Salvini win.
The Japanese Yen may fall as PMI data from many of the world’s top economies suggests growth is firming. Follow-through might prove lacking however.