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The USD/CAD is trading neutral at 1.3136, holding right above an immediate triple bottom support level of 1.3125 level. There are strong odds of bearish breakout as the the pair has formed a descending triangle pattern. Check out the forex forecast video to learn more about USD/CAD price forecast.
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Commodities trading outlook: gold holds near 5-month high, coppers slides on China GDP Gold touched the highest in almost five months on safe-haven bids days before the probable launch of the European Central Bank’s quantitative easing program. Silver, platinum and palladium also rose. Copper slid as Chinas economy expanded in […]
Avolon Holdings share price down, agrees to takeover by China’s HNA Group Irish aircraft lessor Avolon Holdings Ltd said on Thursday it agreed to be acquired by Chinas Bohai Leasing Co Ltd in a $2.5-billion deal, highlighting the Asian countrys growing demand for passenger jets.Bohai Leasing, a Shenzhen-listed […]
Boeing Stock Sinks 2.36% to $155.52 on China’s Jet Order Freeze Key momentsBoeing's stock plummeted by 2.36% on Tuesday, closing at $155.52.
The company’s share price hit $154 during pre-market trading on Wednesday.
This decline in investor confidence is linked to China’s newly revealed plan to […]
Gold trading outlook: prices drop as Fed seen hawkish Gold prices reached a two-month low during early trade in Europe today, as investors priced in remarks of an earlier rate hike in Feds July minutes, boosting the US dollar. Ongoing conflicts in Ukraine and the Middle East prompted some safe […]
Gold trading outlook: futures hold below the $1,200 mark for a fifth straight day ahead of US employment growth report, Fed speakers On Tuesday (in GMT terms) gold for delivery in February 2017 traded within the range of $1,182.6-$1,197.7. Futures closed at $1,190.8, edging down 0.25% compared to Monday’s close. It has been the 209th drop in the past 390 trading days. […]
NBH Expected to Cut Rates Despite Forint Weakness Key Moments
ING’s Frantisek Taborsky expects the National Bank of Hungary to lower its key rate by 25bp to 5.75%, extending the current easing cycle.
Market pricing now implies slightly more than 75bp of total easing, including […]