GBP/USD Slightly Lower as Unemployment Drops But Wages Disappoint

The British Pound lost 0.25% versus the US Dollar after today’s UK labor data. The UK unemployment rate unexpectedly fell to 5.3%. Core weekly earnings slowed to 2.5%, below expectations The British Pound lost 0.25% versus the US Dollar after today’s UK employment data, as the unemployment rate unexpectedly fell, but wage growth slowed. The … More GBP/USD Slightly Lower as Unemployment Drops But Wages Disappoint

FTSE 100 To Bounce Back in Same Vein as the DAX 30..?

The FTSE 100 is slightly higher in today’s trading session and has so far shrugged off the fact that Chinese industrial production, published overnight, failed to meet expectations and the year-on-year is as soft as it was back in March 2015, which is also the weakest level since 2008. The outcome was 5.6% vs. the … More FTSE 100 To Bounce Back in Same Vein as the DAX 30..?

NDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME ET 2 DAY CL1:COM WTI Crude Oil (Nymex) USD/bbl. 43.59 -0.62 -1.40% DEC 15 07:08:23 CO1:COM Brent Crude (ICE) USD/bbl. 47.09 -0.35 -0.74% DEC 15 07:08:08 CP1:COM Crude Oil (Tokyo) JPY/kl 36,880.00 -20.00 -0.05% APR 16 07:08:12 NG1:COM Natural Gas (Nymex) USD/MMBtu 2.30 -0.02 -0.78% DEC 15 07:07:38

USD/CAD 4H

The most recent note remarked that “USD/CAD has ripped from the March high. If something bearish is underway from the long term Fibonacci level 61.8%. then resistance probably needs to come in near 1.33 . USD/CAD found resistance near the mentioned level, so a multi-month topping process is still possible.