Month: March 2022

The Bank of Canada today increased its target for the overnight rate to ½ %, with the Bank Rate at ¾ % and the deposit rate at ½ %. The Bank is continuing its reinvestment Read more…

The US 500 cash index has quickly bounced above its 9-month low at 4,106 touched last week. However, the elevated negative pressures are still troubling the index, which is currently trading well below its 50- Read more…

EURAUD has been in the red since the start of February, falling rapidly all the way down to meet the 2021 low of 1.5251 after last week’s bullish attempts hit a wall around the broken Read more…

Daily Pivots: (S1) 114.64; (P) 114.96; (R1) 115.23; More… Intraday bias in USD/JPY remains neutral and outlook is unchanged. More sideway trading could be seen. On the upside, firm break of 116.34 will resume larger Read more…

Daily Pivots: (S1) 0.9158; (P) 0.9181; (R1) 0.9213; More…. Intraday bias in USD/CHF remains neutral and outlook is unchanged. More sideway trading could be seen. Choppy rise from 0.8925 would still be in favor to Read more…

Daily Pivots: (S1) 1.3272; (P) 1.3355; (R1) 1.3407; More… Intraday bias in GBP/USD remains neutral and outlook is unchanged. Further decline is expected with 1.3485 support turned resistance intact. On the downside, break of 1.3272 Read more…

Daily Pivots: (S1) 1.1065; (P) 1.1149; (R1) 1.1208; More… Intraday bias in EUR/USD remains on the downside at this point. Current fall is part of the down trend from 1.2348. Next target is 61.8% projection Read more…

Market sentiment stabilized a bit on reports that Russia a suggests to hold another round of peace talks with Ukraine, while Vladimir Putin’s forces continue to shell multiple crowded Ukrainian cities. Stocks are recovery but Read more…