USDCAD seesaws as traders assessing a plethora of economic data from both countries. The University of Michigan's (UoM) Consumers Survey showed that the Index of Consumer Sentiment dropped to 72.5
Job Title:
Forex Analyst
Home Location:
London, United Kingdom
Education:
Finance at Golden Gate University
Expertise:
Technical Analysis · forex · Stocks · Crypto · Writing
Knows About:
Technical Analysis · forex · Stocks · Crypto · Writing
Summary:
Technical analyst of forex, stock market indices and commoditiesTechnical analyst of forex, stock market indices and commodities
PositionForex Analyst
JoinedOct 07, 2021, 13:51 BST
Articles832
Nikolas Papas is a technical analyst of forex, stock market indices and commodities. His skills include technical analysis, forex, stocks, crypto and financial writing.
The Dow Jones futures add over 80 points as the Industrial Average attempts a rebound from yesterday’s sharp losses. Better than expected corporate earnings reported from top technology companies after the closing bell yesterday, improved sentiment.
FTSE 100 pares morning gains as the weak economic data from the USA and Europe continue to weigh on investors sentiment. The GDP figures in the USA and Europe paint a dismal economic picture
EURUSD trades higher today but off the daily highs as the rally that drove the pair above 1.19 looks like it running out of steam. We haven’t seen such a rally since the rebound from 2017 lows
Dax index trade in cautious mode early Friday, following sharp yesterday’s losses after better than expected earnings reports from major US tech companies such as Apple, Amazon, and Google.
ASX 200 index slumped to the lowest level in July as investors reacted to signs of rising unemployment and the sharpest decline in GDP since 1947. The second-quarter U.S. GDP contracted by 32.9%
Brent crude oil price slumps to the lowest level in July as the USD GDP and employment data disappointed investors who are expecting to see some signs of faster recovery
USDMXN trades close to daily highs after the GDP data from the USA and Mexico disappointed investors and increase the concerns that the economic recovery will be a bumpy process.
Alphabet will report the quarterly earnings after the closing bell today and will hold its earnings conference call to discuss second-quarter results at 4:30 p.m. ET.
The Dow Jones futures give up over 263 points as the risk-off sentiment returns to markets with sharp corrections in Europe as DAX gives up over 2.5% after weaker than GDP data.
Lloyds share plunge to the lowest level since June 2012 after the banking group reported heavy losses in the second quarter. Net income fell 11% to £5.4bn. Operating costs declined by 6.5%,
FTSE 100 slide in early trading pushed down by the banking sector. Lloyds Banking Group gives up over 6% at 26.52 after the bank reported a loss of 602 million.