FX

Share: Kohl’s stock trades on NYSE under ticker KSS and has been public since 1992, showing growth and fluctuations. Kohl’s Corporation operates over 1,100 US department stores and is based in Wisconsin. The company was founded in 1962 and faces growing competition from online retailers. It’s adapting to the changing retail landscape by expanding online

Share: USD/CHF jumped from weekly lows after forming a hammer at around the 0.9200 area. Near-term, the USD/CHF is upward biased and might test the 0.9300 figure. The USD/CHF forged a base and climbed back to the 0.9200 area on Friday, following Thursday’s price action, which formed a hammer, that exacerbated the USD/CHF recovery, to

Share: AUD/USD finished the week above 0.6900, up 0.04%. Consumer Sentiment in the United States improved while inflation expectations rose. AUD/USD traders are eyeing RBA’s Governor speech alongside the Aussie employment situation. Next week’s US inflation and retail sales would dictate the faith of the US Dollar. The Australian Dollar (AUD) is set to finish

Share: GBP/USD briefly dropped below the 1.20 level earlier this week. Economists at Rabobank expect the pair to see further dips below 1.20 in the coming months. EUR/GBP seen at 0.90 around the middle of the year  “We expect to see further dips below GBP/USD 1.20 in the coming months.” “While EUR/GBP has dropped back

Share: C3.ai stock lost 14% on Thursday. C3.ai still remains a major focus of AI investors. ChatGPT has brought renewed attention to artificial intelligence. C3.ai stock remains up more than 100% YTD. C3.ai (AI) stock is giving up more ground in Friday’s premarket, but do not blink too long. C3.ai is one of few pure plays

Share: AUD/USD holds onto the previous day’s bearish technical confirmation as China data favored bears. China CPI, PPI both disappoint with softer numbers for January. Downside break of weekly ascending trend channel, U-turn from 200-HMA favor sellers. 50-HMA joins channel’s support line to challenge immediate recovery near 0.6960. AUD/USD retreats from intraday high surrounding 0.6950

Share: Dollar Tree is an American chain of discount variety stores, selling merchandise for $1 or less. It was founded in 1986 and is headquartered in Chesapeake, Virginia. Dollar Tree operates over 15,000 stores in 48 U.S. states and 5 Canadian provinces. It sells a wide range of products including household items, food and snacks,

Share: Jamie Dimon, Chief Executive Officer (CEO) of JPMorgan Chase & Co., cautioned against declaring victory against inflation too early, warning the Federal Reserve could raise interest rates above the 5% mark if higher prices ended up “sticky,” reported Reuters. That said, Reuters interviews JP Morgan’s Dimon and published his outlook on multiple issues ranging

Share: GBP/USD Forecast: Pound Sterling to face strong resistance at 1.2140 GBP/USD has gathered recovery momentum and advanced toward 1.2100 after having dropped below 1.2000 for the first time in a month on Tuesday. Market participants will keep a close eye on risk perception and Fedspeak in the absence of high-impact macroeconomic data releases. The

Share: GBP/USD retreats from intraday high but stays mildly bid around 1.2050 during Wednesday’s mid-Asian session. In doing so, the Cable pair portrays the sluggish markets while taking clues from the options market and the British fundamentals to probe bulls by cautiously defending the bounce off a one-month low. That said, one-month GBP/USD risk reversal

Share: Canada’s international trade deficit narrowed slightly in December. USD/CAD trades virtually unchanged on the day at around mid-1.3400s. Canada’s merchandise trade deficit with the world narrowed from C$219 million in November to C$160 million in December, Statistics Canada reported on Tuesday. This reading came in better than the market expectation for a deficit of

Share: EUR/USD consolidates recent losses around one-month low, probes three-day downtrend. ECB hawks forget the last week’s failed attempt to please bulls, upbeat EU data also favors Euro buyers. Receding concerns about US recession, hawkish Fedspeak exerts downside pressure on the pair. Fed Chair Powell, ECB’s Schnabel could entertain traders, Sino-American news is important too.

Share: The Dollar is around 10% off the highs seen in late September. Consensus expects the Dollar to weaken further this year, and economists at ING agree. Sustained EUR/USD gains beyond 1.15 may be harder to achieve in H2 “At the heart of the bearish Dollar view is the call that the Fed will shift

GBP/JPY extends Friday’s recovery moves to attack short-term key resistances. One-week-old descending trend line precedes key SMAs to challenge bulls. Upbeat MACD signals, U-turn from monthly support line keeps buyers hopeful. GBP/JPY remains firmer around 159.20 as it stretches the previous day’s rebound from a three-week low during early Monday. In doing so, the cross-currency

USD/CAD resumed its uptrend once it reclaimed the February 1 daily high at 1.3379. USD/CAD Price Analysis: A daily close above 1.3400 will exacerbate a rally to 1.3500. otherwise, further downside is expected. USD/CAD climbs in the North American session after hitting a daily low of 1.3311 before Wall Street opened. Nevertheless, a strong US

The US Dollar strengthens across the FX space, a tailwind for the USD/CHF. USD/CHF Price Analysis: Shifted to neutral biased once buyers hurdle the 20-DMA. The USD/CHF is surging sharply during  Friday’s North American session, as Wall Street is set to finish the last trading day of the week with losses. Therefore, the USD/CHF is

Strategists at Rabobank point out that the change in the Bank of England’s language favours the doves, they see scope for further rate rises. They continue to expect poor United Kingdom fundamentals to be a drag on the British Pound.   Key quotes: “The USD has found further traction on the back of the January

The ISM Service PMI released on Friday showed the index rose back above 50, into expansion territory. Analysts at Wells Fargo, point out that after just a single month under 50, the services ISM shot back up into expansion. However, they warn the breadth of services expansion has still slowed. Key quotes: “The slowdown in