The Japanese yen was relatively soft today despite solid macroeconomic reports released in Japan over the trading session. The reason for the currency’s unimpressive performance was the improving market sentiment. Japan’s retail sales rose 1.6% in April from a year ago, beating the median forecast of a 0.9% increase and the 1.0% growth registered in March. The Cabinet Office consumer confidence was at 43.8 in May, up from 43.6 in April and in line with market […]
Read moreAsian Stocks Talking Points: Asian shares gap lower and consolidate as markets take a breather on Italian political fears FX spectrum showed similar reaction. JPY cautiously higher while AUD was the opposite The Nikkei 225 appears to be resuming its descent after breaking below a rising trend line Find out what retail traders’ equities buy […]
Read moreCanadian Dollar FX Options Talking Points: The Canadian Dollar is priced in for the most intense price action since the 2016 US election Given recent news, the Bank of Canada may send the currency lower at their rate decision USD/CAD is sitting on 2016 resistance amidst reversal warning signs, which will prevail? Just started trading […]
Read moreCurrent Market Developments – Italy Fears Continue Unnerving Markets, RBNZ Hurts NZD Stocks across the globe finished Tuesday’s session in the red as Italian political jitters made their way into US and the UK following the Memorial Day long weekend. The country is heading for new elections as the spread between Italian and German 10-year […]
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