USDCAD has been confined within the 1.2859 – 1.2875 zone over the past three days, but its short-term outlook continues to look bright. Particularly, the MACD remains positively charged above its signal and zero lines, while the Read more…
GBPJPY has been overperforming over the last few sessions after the rebound off the 160.00 psychological level. The RSI indicator is heading north above the neutral threshold of 50, while the MACD oscillator is falling Read more…
US stocks came down, this time with the USD as US yields found some resistance. But the main theme at the moment is JPY, which some sharp sell-off across the board following the latest BoJ Read more…
The entrepreneur and owner of the Dallas Mavericks is a crypto investor. As the crypto market tumbles, little is heard from crypto evangelists. While not strictly speaking an evangelist, billionaire Mark Cuban has invested in Read more…
USDJPY and the JPY crosses capture the minds of traders – while there’s so much going on in central bank land, the BoJ in its meeting today decided to sit on their hands and do Read more…
There was some trepidation ahead of today’s BOJ meeting given the excitement of the FOMC and SNB this week, as evidenced by the yen’s volatile spike when the BOJ did nothing. Asian Indices: Australia’s ASX Read more…
The post-FOMC rally ran in equities out of steam within 24 hours with Wall Street plummeting overnight once again. Even the most ardent FOMO gnome had a conviction crisis as a swath of central banks Read more…
Market movers today The final Eurozone inflation data for May will provide more details as we get more sub components in this release. In the US we get data on industrial production as well as Read more…
The US stocks were battered on Thursday, as the soft US data in the wake of a 75bp hike from the Federal Reserve (Fed) fueled the recession fears and triggered a heavy risk selloff. The Read more…
Daily Pivots: (S1) 1.2882; (P) 1.2927; (R1) 1.2992; More… Intraday bias in USD/CAD remains neutral for the moment. Further rise will remain mildly on favor as long as 1.2516 support holds. Above 1.2995 will target Read more…