Could Stronger US Data Force a Fed Rate Cut?
Markets crave weaker US data to support their rate cut expectations Strong data this week […]
Bank of Canada Cuts Its Policy Rate to 4.75%!
The Bank of Canada cut the overnight rate to 4.75% (from 5.0%), while stating that […]
USDCAD: Influence of Linear Regression Channel and BoC
Bullish Scenario: Buy above 1.3676 with TP1: 1.3699, TP2: 1.3720, and TP3: 1.3735, with an […]
AUD Shrugs as Australian GDP Misses Estimate
After starting the week with sharp swings, the Australian dollar is showing little movement on […]
Crypto Goes Up After a Rest
Market picture Crypto market capitalisation rose by 2.9% in 24 hours to $2.63 trillion. Among […]
EUR/USD to Hold Below 1.09 Given the Risk of Euro Weakness
Markets The three-day Treasury rally morphed into a four-day advance yesterday. The common theme is […]
Dollar Traders Lock Gaze on NFP Report
Fed sticks to ‘higher for longer’ mentality PMIs pose downside risks to nonfarm payrolls But […]
Oil Probably Setting Up for a Repeat of 2020 or 2014
In the middle of last week, WTI crude bounced off resistance in the form of […]
Ethereum’s Bull Pennant Needs Confirmation
Market picture The cryptocurrency market loses just over 0.5% in 24 hours, to $2.56 trillion. […]
Swiss Franc Edges Higher as Inflation Holds at 1.4%
The Swiss franc is in positive territory on Tuesday. USD/CHF is trading at 0.8935 in […]
Groundhog Day on US Interest Rate Markets
Markets Groundhog day on US interest rate markets. At the end of April, US money […]
Meme Stocks Rally, Oil Tanks
GameStop rallied nearly 90% after Keith Gill, aka Roaring Kitty on Twitter, posted a screenshot […]