Page 42 - Christopher Vecchio News Today

While USD/CAD rates have been carving out a potential inverse head and shoulders pattern, CAD/JPY rates appear to be working on a head and shoulders pattern themselves.

USD/CNH rates may be losing their summer uptrend, while EUR/CNH rates remain in a multi-month descending channel.

Rate hike odds have receded for Europe’s two major central banks, dragging down the British Pound and the Euro along the way.

After a strong July US nonfarm payrolls report and more hot inflation readings, Fed rate hike odds are creeping higher ahead of the August gathering in Jackson Hole.

The trading app that helped fuel the memeification of the stock market soared and tumbled this week as individuals flipped shares.

Robinhood has officially become a meme stock, and this week’s wild ride could be just the beginning if legions of amateur investors pull money from their old favourites to buy more shares while insiders are dumping them.

American economist and former advisor at the Dallas Federal Reserve Danielle DiMartino Booth sits down for a conversation about the US economy.

Crude Oil Price Forecast: Rally Back on Track After Bear Trap Advertisement Crude Oil Outlook: Crude oil prices took a dive earlier this week, but price action suggests that the bearish impulse is in the rearview mirror. The OPEC+ announcement seems to have been digested by markets, which are refocusing on the reality of the supply-demand imbalance likely to persist. Bears Be Warned While US equity markets have been climbing their own wall of worry, so too have crude oil prices: the delta varia...

British Pound Technical Analysis: GBP/JPY, GBP/USD, EUR/GBP Rates Outlook Advertisement British Pound Outlook: The British Pound has been hampered by the latest surge in COVID-19 delta variant infections, which have traders on edge that more lockdowns are possible. Both GBP/JPY and GBP/USD have rebounded from critical technical support, suggesting that further losses may be contained. Recent changes in retail trader positioning suggest a mostly mixed bias for the British Pound. Dead Cat Bounce ...

Weekly Fundamental Australian Dollar Forecast: Nothing to Like, No Saving Grace Advertisement Fundamental Forecast for the Australian Dollar: Bearish The third week of July brings about a quieter economic calendar for Australia; there are zero ‘high’ rated events on the DailyFX Economic Calendar. The Citi Economic Surprise Index for Australia, a time-decay measure of data momentum, closed the week at +35.8, slightly lower than its closing level last week at +38.2. Australian Dollar’s Toug...