Category Archive: Finance

Should You Buy Any Dip From JPMorgan Chase & Co?

Should You Buy Any Dip From JPMorgan Chase & Co?

Image Source: Pexels  Before Friday’s open JPMorgan Chase & Co (JPM) will reveal their Q4 earnings.The performance of JPMorgan has been very strong in 2023 with the the firm earning so much that managers have been warning about ‘over earning’. 2023 earnings have been so strong that, according to Bloomberg, the earnings from the first nine […]
USD/CAD Price Analysis: Dollar Stays Firm On Eve Of Inflation Data

USD/CAD Price Analysis: Dollar Stays Firm On Eve Of Inflation Data

Wednesday’s USD/CAD price analysis painted a bullish picture, with the dollar holding its ground in a cautious trading environment ahead of crucial US inflation data. The anticipation of these inflation figures adds an extra layer of anxiety, as they can sway the direction of Federal Reserve policy.Notably, the dollar has risen by 1% this month, […]
U.S. Trade With China, World Continues Sinking

U.S. Trade With China, World Continues Sinking

One month after showing signs of bottoming, trade between the U.S. and China plunged in November 2023.The combined value of goods traded between the U.S. and China sank to $49.4 billion in November, nearly 14% below their level in October 2023. That’s much larger than the typical seasonal drop that occurs between October and November each […]
EURUSD Breaks Above Resistance, Potential For Upside Move

EURUSD Breaks Above Resistance, Potential For Upside Move

EURUSD has recently broken above the resistance level at 1.0972, suggesting that the downside move from 1.1139 has completed at 1.0876. This breakout indicates a potential for another rise in the coming days.If the price manages to break above the 1.0998 resistance level, it could lead to further upside movement towards the next resistance level […]
Bonds Made A Historic Move, Now What?

Bonds Made A Historic Move, Now What?

Image Source: Pexels  The recent bond rally – which may not be over – was one for the books. The 10-year US Treasury dropped nearly 120 bps off its yield in only 47 trading days. A move that big and that fast for the 10s had only happened six other times over the last three decades. […]
USD/CAD Forecast: Looks For Momentum Against The Loonie

USD/CAD Forecast: Looks For Momentum Against The Loonie

In the short term, I’ll be looking at the 1.34 level and seeing whether or not we can break out to offer another 100 pips to the upside.  The US dollar has rallied early against its northern neighbor, but there is still a significant amount of resistance at the 1.34 level in the Canadian dollar. […]
Two Trades To Watch: GBP/USD, USD/JPY Forecast – Wednesday, Jan. 10

Two Trades To Watch: GBP/USD, USD/JPY Forecast – Wednesday, Jan. 10

Photo by Colin Watts on Unsplash   GBP/USD falls ahead of BoE Bailey’s appearance BoE rate cut bets pushed back  BoE Bailey to appear before the Treasury Select Committee  GBP/USD tests 1.27 support  GBP/USD has held relatively well against U.S. dollar strength at the start of the year as investors pushed back on BoE rate cut expectations. The market is […]
GBP/USD Forex Signal: Consolidating Likely Ahead Of US Inflation Data Tomorrow

GBP/USD Forex Signal: Consolidating Likely Ahead Of US Inflation Data Tomorrow

Concerning the GBP, the Governor will be making routine testimony before the UK Parliament at 2:15pm UK time. My previous GBP/USD signal on 2nd January was not triggered, as unfortunately the bullish bounce at $1.2616 came after the London close. Today’s GBP/USD SignalsRisk 0.75%.Trades may only be taken prior to 5pm London time today. Long Trade Ideas Go long following […]
GBP/JPY Advances To Near 184.40 On Downbeat Japanese Labor Cash Earnings Data

GBP/JPY Advances To Near 184.40 On Downbeat Japanese Labor Cash Earnings Data

Image Source: Unsplash   GBP/JPY halts a losing streak on downbeat Japanese labor data. Japanese Labor Cash Earnings (YoY) reduced to 0.2% from the previous reading of 1.5%. Traders will likely observe BoE Governor Andrew Bailey’s speech to gain fresh impetus on the interest rate trajectory. GBP/JPY snaps a two-day losing streak, improving to near 184.40 […]
Analysts Are Pessimistic On Shopify Stock Price: What Now?

Analysts Are Pessimistic On Shopify Stock Price: What Now?

Shopify (SHOP) stock price is up for the third straight month as the company switches its strategy from growth to profitability. After dropping sharply in 2022, the stock has staged a strong recovery, rising by over 230% to the current $80.10. This rebound has boosted its valuation, which stands at almost $100 billion. Some analysts are […]