BofA: Trade tensions will overshadow election effects on the Loonie

BofA: Trade tensions will overshadow election effects on the Loonie
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BofA: Trade tensions will overshadow election effects on the Loonie
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Daily Pivots: (S1) 1.6668; (P) 1.6757; (R1) 1.6833; More… EUR/AUD edged higher to 1.6842 but quickly retreated. Intraday bias remains neutral first. On the upside, above 1.6842 will extend the rebound from 1.6125 to 38.2% retracement of 1.8554 to 1.6125 at 1.7053. However, break of 1.6561 minor support will argue that the rebound has completed,…
The EUR/USD outlook shows limited upside amid the declining risk momentum and renewed dollar demand. ECB VP Luis de Guindos remains satisfied with current interest rates and signals no urgency for near-term changes. Traders await the US preliminary UoM reports and commentary from President Nagel and FOMC Jefferson for further policy cues. The EUR/USD outlook…
The Treasury has launched an inquiry into autumn budget leaks after a chaotic buildup to Rachel Reeves’s economic statement last week. The Treasury minister James Murray said the department’s permanent secretary, James Bowler, would review “security processes” to inform future events. “The government put the utmost weight on budget security, including the prevention of leaks…
As we head into the final stretch of 2024, the buzz around what 2025 might hold for the stock market is growing louder. At Market Traders Institute, we’re not just watching from the sidelines. We’re in the trenches, every single day breaking down the data, analyzing key trends, and sharpening strategies to help traders like…
This is where the Total Power MT4 Indicator comes in. By providing clear, easy-to-understand signals, this tool simplifies market analysis and helps traders make informed decisions. Keep reading to discover how the Total Power MT4 Indicator can change your trading strategy for the better. What is the Total Power MT4 Indicator? The Total Power MT4…
The Australian Securities and Investments Commission (ASIC) has imposed additional conditions on Macquarie Bank’s Australian financial services licence, following what the regulator described as “multiple and significant compliance failures.” ASIC added that one of the compliance failures went undetected for over a decade. They relate to Macquarie’s futures dealing operations and over-the-counter (OTC) derivatives trade…