A VIX ‘Breakout’, Heavy Dollar Technicals, BOC Volatility and Recession Signals
The markets carried over greater market activity this past session with the VIX clearing its […]
USDCAD May Not Be the Most Responsive Loonie Cross to the BOC Decision
The Bank of Canada rate decision is on tap for Wednesday, and there is debate […]
US 500 IG Client Sentiment: Our data shows traders are now net-long US 500 for the first time since Nov 22, 2022 when US 500 traded near 4,003.91.
Traders are further net-long than yesterday and last week, and the combination of current sentiment […]
USD/JPY: Dollar Likely to Rebound Again
After Monday’s rebound, the US dollar has started Tuesday’s session on the backfoot, although it […]
USD/CAD Eyes Bank of Canada Meet
The Canadian dollar is slightly lower on Tuesday. In the European session, USD/CAD is trading […]
BOC Interest Rate Decision: Foreshadowing the Fed?
Analysts are coalescing around the idea that the BOC will hike by a quarter percentage […]
ECB Herodotou: There will be another hike or hikes
ECB Governing Council member Constantinos Herodotou said, “We are very near the neutral rate. There […]
EURJPY Takes a Swift Upturn, But Risks Remain
EURJPY drifted higher after stepping on the key support trendline that comes from the March […]
GBPUSD Declines from 5-Month High, But Outlook is Sill Bullish
GBPUSD retreated from the fresh five-month high of 1.2343 that was posted on Monday, returning […]
XAUUSD: Middle Leg Of The Correction Pattern Nears Completion Level!
XAUUSD seems to be forming a large correction pattern taking the form of a cycle […]
Sentiment Hit by Rekindled Fed Hike Bets
Asian shares were under attack on Tuesday, following the negative cues from Wall Street overnight […]
US trade deficit widened to USD -78.2B in Oct
US exports of goods and services dropped USD 1.9B over the month in October, while […]