Forex

nfp

How did the market react after July’s Non-Farm Payrolls?

The Non-Farm Payrolls (NFP) for July 2022 surprised many as it reported that the US economy added 528,000 jobs, more than twice the consensus forecast. Total NFP employment has now returned to the pre-pandemic level, when 20 million jobs were...

Is the EUR/CHF overbought or oversold?

The EUR/CHF pair is currently in between the key levels around 0.97000–0.97900. We might see a bounce from here up to the next resistance of 0.99500 and even up to the 1.00500 level, in confluence with the 50 MA. However,...
recession

Why isn’t the US officially in a recession?

The US has technically entered a recession in the second quarter 2022 as the economy contracted 0.9% year over year, following a 1.6% decline in the first quarter. However, the official body that is tasked to make a call on...
USDJPY

Does the pullback in the USDJPY have legs?

The US dollar has retreated against its major trading pairs over the past two weeks, but notably, the USDJPY has seen one of the most interesting pullbacks. The 2-week weakening streak may continue as the sentiment from the previous FOMC...

Volatile opportunities in the DXY this week

USDCHF nt

Moving Average and Fibonacci exposing key levels in the USDCHF

The USDCHF pair has been swinging from bullish to bearish from a weekly perspective on this pair. It has established strong resistances at 1.00571 to 1.00148, forming a double top as it tried to break these levels. The double top...
USD/CAD

Does the USDCAD have more upside potential?

Canada's inflation rate rose by 0.7% in June to a 39-year high of 8.1%. After its July meeting, the Bank of Canada raised rates by 100 basis points and is expected to tighten its monetary policy even further. BOC's aggressive...
Pinterest

Why did Pinterest’s shares surge 16% last Friday?

Pinterest’s (NYSE:PINS) shares closed up 16.2% on Friday on the New York Stock Exchange after the Wall Street Journal reported after market hours on Thursday that activist investor Elliott Investment Management has built a stake in the digital pinboard platform....
GameStop

GameStop’s stock price in the lead up to its stock split

It has been a volatile four months for GameStop’s (NYSE:GME) stock since the company announced its planned stock split on March 31. The stock split is to take place at the close of Thursday July 21. On March 31, GameStop...
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