TD FX Strategy Research argues that USD/CAD looks expensive around current levels and if moves higher to 1.3650, the pair will be close to three standard deviations overvalued on TD valuation models.As such, TD recommends using trade-related bounces to reengage with new short USDCAD exposure, which should see...
European shares pulled back slightly from 20-month highs on Wednesday as some disappointing corporate results weighed, though shares of French luxury group Kering hit a record high after reporting strong sales.The pan-European benchmark fell 0.1 percent in early trades with financials the biggest drag....
Standard Chartered on Wednesday reported its first quarter profit nearly doubled from a year ago, sending its shares up more than 4 percent as the emerging markets-focused bank brought losses from loans under control.StanChart said it made a pre-tax profit of $1 billion, up...
The Aussie Dollar has had a relatively rough week to date as the pair has reacted to a range of wildly swinging sentiment around the USD, as well as a disappointing CPI result. This has provided the conditions for a fairly steady depreciation which...
In light of the fact that the BoJ is going to be thrusting the Yen centre stage in the next 24 hours as a result of its interest rate announcement, it’s worth taking a closer look at the USDJPY and what is likely to...
The euro has had a solid week so far, after the first round of the French election was perceived as a major relief from the markets, which already declared Macron the next President of France. The far-right finalist Marine Le Pen is given 39%...
The aussie weakened after Australian inflation data missed forecasts. Risk appetite continued to pressure safe havens like the yen and gold. The euro was supported by the euphoria of the outcome of round one of the French elections.Australia reported that its headline inflation rose...
US and European markets continued to build on their gains of this week yesterday, with the US in particular looking particularly strong after strong earnings from industrial bellwether Caterpillar, which blasted through expectations, while the Nasdaq Composite pushed through the 6,000 level for the...
With the ECB meeting looming, expectations of Trump's tax announcement and the ongoing French elections, low volatility has the potential to rise once more.TopicsMarkets Focus On ECB Trump Tax Plan Debt Ceiling & Macron Lower Volatility Presents Opportunity1) Don’t Write Off Le Pen Just...
USD traders were upbeat today as the US economic data was much stronger than expected despite a minor blip.New home sales m/m stole the show lifting to 621K (583K exp), show casing a strong resurgence in the housing market as confidence has been taking...