USD/CAD’s fall from 1.4247 extended lower last week and broke through 1.3965 cluster support (38.2% retracement of 1.3480 to 1.4247 at 1.3954). The development argues that rebound from 1.3480 might have completed with three waves up to 1.4247 already. Initial bias is on the downside this week for 61.8% retracement at 1.3773. For now, risk…
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Dow Futures rallied, and stocks pushed higher amid falling bond yields after a sharp U.S. labor market slowdown fueled expectations Written by: Olumide Adesina • Saturday, August 8, 2026 • 2 min read • Last updated: Saturday, August 8, 2026 Add an article to your Reading List Register now to be able to add articles…
Jakarta. Indonesia’s benchmark stock index rose 2.78% in the week through Aug. 7, extending gains as investors weighed solid domestic economic growth and ample foreign-exchange reserves against renewed geopolitical and inflation risks. The Jakarta Composite Index (JCI) ended Friday at 6,409.654, up from 6,236.126 a week earlier, according to data from the Indonesia Stock Exchange…
Canadian manufacturing and wholesale sales data for June next Friday should reveal readings consistent with more real gross domestic product growth in June, capping off a solid Q2. The BoC highlighted two-sided risks to the interest rate in their prior policy meetings – risks of cuts tied to potential downside growth surprises and hike risks…
Created on August 07, 2026 Will a hot U.S. jobs report trigger an AUD/USD breakdown? Watch these key support levels as the Aussie dollar tests a crucial rising wedge pattern ahead of key employment data. After retreating from a near two month high on Thursday, the Aussie dollar (AUD/USD) continues to tread water in early…
The Dow Jones index futures contract (E-mini Dow Futures) is currently trading around 53,910 points, Written by: Olumide Adesina • Friday, August 7, 2026 • 1 min read • Last updated: Friday, August 7, 2026 Add an article to your Reading List Register now to be able to add articles to your reading list. ”…
Market Overview The crypto market capitalisation has returned to the $2.19T level, retreating into its previous trading range following a flight from risk assets on Thursday evening and the continuation of this trend on Friday morning. The market remains indecisive just above its 50-day moving average, as bearish momentum has already petered out and buyers…
Created on August 07, 2026 Gold’s rally doesn’t feel dramatic right now, and that might be exactly the point. Markets that climb quietly often build more conviction than the ones that spike loudly, and this is starting to look like one of those cases, with the momentum feeding itself. Traders have spent months debating whether…
Doubts over the effectiveness of the Iran-Oman deal are bolstering the greenback. USDJPY has recouped half of the losses incurred due to intervention. The US dollar posted its best daily performance in two weeks against a backdrop of heightened geopolitical risks and speculators closing out positions ahead of key US labour market data. Employment is…