The Canadian dollar has lost ground for a second straight day. Currently, USD/CAD is trading at 1.2634, up 0.35% on the day. Earlier in the day, USD/CAD touched a high of 1.2674, its highest level since March 10th. It's been a quiet start to the week for USD/CAD, with no Canadian events. That will change on Wednesday, with the release of Canada's GDP for January....
XAUUSD Gold Spot / U.S. Dollar OANDA continuation of choppy downtrend channel...
Russia & Ukraine bit the bullet in 2008 and has some decline, and another decline in the mid 2010s (maybe made worse because of droughts?). They recovered by now (the US collapse might pull them down or maybe free them to go up). Even Germany GDP between 2014 and 2015 dropped by 15% (never heard of a great depression) , their GDP now is back to 2014 levels, it...
Back with a short NZDUSD analysis again. After consolidation the pair broke the support and now retesting the price. GDP news are coming up and seems to bad. The price is expected to short to 0.71052 as Tp1 and 0.65704 as Tp2. Use risk management.
It seems NZDUSD pair has run out of long steam. In the daily timeframe it tried to form a head and shoulder. It is expected to go to November 2020 price (0.65150). This change of analysis is due to the upcoming GDP news (Wednesday) based on NZD pairs. Making this a Long term trade.
Disclaimer: This post will be heavy speculation - but let's have some fun. Let's play this fun game as a mental exercise. In no way is any of this financial advice, nor in any way political, nor does it even reflect my opinion. It is just a mental exercise. I fully admit that economics is not my background, so I will be taking a different approach to forecasting...
The Australian dollar has recorded slight gains in the Thursday session. Currently, the pair is trading at 0.7790, up 0.23% on the day. Retail sales climbed 0.5% in January, which followed the December gain of 0.6%. These are by no means earth-shattering numbers, but the two consecutive gains are welcome news after back-to-back declines of around 4 per cent. The...
As GDP released better than expected, and price is sitting around a strong resistance and as MA200 is acting as a respected resistance along with our upper trendline, USDCAD could dive downward, so wait for the trigger like an eagle. If you like the idea, support us with a like and follow. MacroForex
We have changed our long term short USDJPY view to neutral as the currency pair has strengthened in recent weeks despite anticipated US stimulus and the continued impact of the coronavirus. USDJPY has consolidated above support at 103.6 and appears to be one course to break through resistance above 105. We await Japan 4th quarter GDP growth later today and key US...
We have changed our EURUSD view from long to neutral as the currency has consolidate below support at 1.2145. This is despite continued Dovish comments by the Fed a as the Eurozone economy is impacted by the pandemic and concerns grow surrounding vaccine delays in the Eurozone. Therefore we await key economic data releases next week including the Q4 GDP growth...
Eurnzd is complewting the fifth wave in daily chart, if we look closer at the 4h chart we can observe that the sub-waves have a confluence with the bigger ones, so now tha price has finished the third sub wave and is going to retrace and then there will be the last bearish impulse towards 1.653 probably. You can open a sell trade when market will end the 4th sub...
U.S. Public Debt at 127.78% of GDP... How sustainable is it? Overall, as the U.S. Federal Debt keeps on climbing, the S&P 500 keeps on climbing... It might be great for the U.S stock market but it is very bad for present and future generations. Federal Debt: FRED:GFDEGDQ188S S&P500: CURRENCYCOM:US500 CURRENCYCOM:US500 The U.S. Public Debt is now at...
Here we take a deeper look at why the ISM Manufacturing PMI data release is the most closely watched economic indicator on the monthly calendar. We look at how manufacturing PMI predicts GDP growth in the U.S with an 85% certainty going back to 1948. We then take a look at the historical correlation to ISM Manufacturing PMI and the S&P500. After watching this...
Does printing money "for the people" stimulate the economy? Real Macro data says Absolutely not! GDP growth is grossly underperforming public debt. So why do they call it "stimulus"? The only thing $5 trillion in deficits & $4 trillion in QE in 5 months accomplished is to pump up asset prices. Do not confuse normal economic rebound from the depths of hell as a...
Clearly we are getting less and less and less GDP growth for every new $ printed. Yet they call it "Stimulus". While I am not against deficits, I am against excessive deficits that only manage to fuel asset price inflation . Zombie companies are not supposed to exist in any economic book. Yet they do and are supported by the FED. Bankrupt companies with cash flow...
Hi everyone, I am doing some self study and have created the graph above. using the equation of exchange M*V=P*Y I have calculated 1/Y. M = Money Supply V = Money Velocity P = Price (S&P index value) Y = Real Output/Value Keeping the above in mind I calculate 1/Y (inverse because chart is easier to look at) 1/Y = 1/(M*V/P) Adjusted Value =...
Thursday June 25 2020 Actual Previous Consensus Forecast 12:30 PM GDP Growth Rate QoQ Final Q1 -5% 2.1% -5% -5% 12:30 PM Durable Goods Orders MoM MAY 15.8% -18.1% ® 10.9% 8.5%
Fundamental: Negotiations between Britain and Europe are expected to yield good results in the near future. In this case, the last line of resistance (target) will be broken. Elyar Qaffari