38.2 retracement holds the correction today The Nasdaq is really moving around in up and down chunks. Having said that, it trades in an up and range. The high just stalled up at the 38.2% of the week’s trading range at 7036. That keeps the bears in charge.Details
Some early forex rates at this very thin liquidity time of the week, made even thinner by holidays today in New Zealand and Australia, and later in Hong Kong.
How currencies moved in March The market is feeling a lot better about Brexit. The pound was the top performer in March with the euro distantly in second place.Details
The Canadian dollar could be a great buy in April 1) Trump wants deregulation more than a NAFTA deal If there is one thing you should read today on NAFTA, it’s this. Businessweek about how Trump wants to use NAFTA to deregulate the US. The President has a fast-track authority on trade deals with a…Details
Price between the $50 – $70 per barrel makes a strong case as a good ceiling range for a “competitive” oil market The number one game changer in the oil market over the last five years has been the US shale revolution. And with that in the picture, it makes for a time where we…Details
Latest data released by the Ministry of Land, Infrastructure, Transport and Tourism – 30 March 2018 Not as big of a miss, showing that last month’s sharp cooldown in demand was a bit of a one-off. A minor data point.Details
Official manufacturing and non-manufacturing purchasing managers indexes were out from China on Saturday Manufacturing PMI for March came in at 51.5 (first increase on prior since November last year)Details
Once again ladies and gentlemen – New Zealand, Australia and Hong Kong are all closed today – leaving Singapore and Japan as the major forex trading centres open for business.Details