Category Finance

Axios: Hezbollah has urged Iran to launch an attack on Isreal.Iran has so far refrained. This article was written by Greg Michalowski at www.forexlive.com.

BOC Macklem is speaking and says: It is reasonable to expect further cuts in our policy rateThe timing and pace will be determined by incoming data and our assessment of what those data mean for future inflation More: Bank of Canada is pleased to see inflation at 2%,…

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The USDCAD is also moving lower and following the USD bias. The price is trading at the lowest level since September 6 when the price bottomed at 1.3465. That level was just above the August 30 low price reached at 1.34643 (double bottom). The low price today has…

The USDCHF on Friday and again yesterday stalled against the 38.2% retracement of the move down from the mid-August high at 0.85172. The inability to get above that level gave the sellers a go-ahead to push lower. That downside momentum continued through support near 0.8475 where a cluster…

The major European indices are ending the day with gains. The gains are not on par with the China and Hong Kong gains of 4% but German Dax up 0.75% and France’s CAC up 1.28% is not bad. The closing levels show: German DAX, +0.75%France’s CAC +1.28%UK’s FTSE…

ECB’s Nagel is on the wires saying that: We assume German economy will slowly pick up some momentum again. This article was written by Greg Michalowski at www.forexlive.com.

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The USD is moving lower after the weaker than expected economic data. Richmond had composite index came in at -21 verses -19 last month. The consumer confidence came in at 98.7 versus 105.6 last month and 104.0 estimate. With the election forthcoming, it might not be that surprising…