EURUSD – Steep Downtrend Extends to New Multi-Month Low

Canada’s merchandise trade surplus notched its fourth consecutive month in black ink. However, November’s surplus narrowed to $1.6 billion as imports rose and exports edged lower. This comes after October’s surplus was revised upward to $3.2 billion. Exports fell slightly by 0.6% month-on-month (m/m) in November, the first decline in four months. The contribution to […]

All major US indices advanced to fresh ATH yesterday; the S&P500 and Nasdaq 100 traded at the uncharted territory, while the Dow Jones Industrial index hit the 40’000 mark for the first time – sparking the good, old discussions about ‘how long did it take the Dow Jones to walk the last 10’000 points’. It […]

AUDUSD edges higher on Thursday morning after bears repeatedly failed to clear 200DMA support (0.6627). Recovery is in its early stage and needs more work at the upside to generate firmer positive signal, although near-term action to remain constructive while above 200DMA. Repeated daily close above here to boost hopes of stronger recovery and Friday’s […]