USD/CAD Technical Forecast: Pullback in Danger of Becoming a Reversal
USD/CAD retraced a big chunk of the Fed sparked rally; next week we may find out whether the pullback becomes a full reversal or not.
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USD/CAD retraced a big chunk of the Fed sparked rally; next week we may find out whether the pullback becomes a full reversal or not.
Both AUD/JPY and AUD/USD have traded sideways to lower in recent weeks. Are the sideways consolidations topping patterns or flags?
Mainland Chinese stocks, on the other hand, closed higher. The Shanghai composite gained 0.21% to 3,525.60 while the Shenzhen component advanced 1.234% to 14,472.37. Hong Kong's Hang Seng index rose about 0.1%, as of its final hour of trading. The S&P/ASX 200 in Australia fell 0.37% to close at 7,359. Australia's employment increased by 115,000 people from April to May, the country's Bureau of Statistics said Thursday. That was far higher than a 30,000 increase in employment expected by analysts in a Reuters poll. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.58%. Trading ...
Mainland Chinese stocks were higher by the afternoon, as the Shanghai composite gained 0.17% while the Shenzhen component advanced 0.86%. Hong Kong's Hang Seng index rose 0.28%. The S&P/ASX 200 in Australia fell 0.2%. Australia's employment increased by 115,000 people from April to May, the country's Bureau of Statistics said Thursday. That was far higher than a 30,000 increase in employment expected by analysts in a Reuters poll. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.49%. Trading of Next Digital halted Trading of Next Digital shares in Hong Kong was halted on Thur...
Is the Fed ready to help markets start its rehab program or will it continue to feed the junkie?