The Canadian dollar continues to show sharp volatility this week. USD/CAD has jumped 0.65% today and is trading at 1.3693. We are seeing significant volatility in the currency markets this week, with weaker risk appetite Read more…
Pound sharply lower despite BoE intervention The roller-coaster continues for the British pound, which is down sharply today. In the European session, GBP/USD is trading at 1.0774, down 1.05%. It has been a remarkable week Read more…
The Euro returned to red in early Thursday’s trading and has already retraced a half of Wednesday’s 1.5% recovery rally, after traders reacted on oversold conditions. It seems that bounce was short-lived, as recovery repeatedly Read more…
Stock futures slide as dollar resumes market grip; Amazon unveils wage hikes ahead of holiday season; Porsche shares leap on Frankfurt IPO debut; Nike earnings in focus as inventory, dollar pressure margins and Hurricane Ian Read more…
ECB Governing Council member Gediminas Simkus said he choice for the next rate hike is 75, adding that “a couple of options may be on the table but 50 is the minimum.” He indicated that Read more…
Market picture Bitcoin is up 3.1% over the past 24 hours, trading around $19,400. After a downward momentum early in the day, the first cryptocurrency received some support thanks to a recovery in risk appetite. Read more…
WTI oil futures (November delivery) have been experiencing a prolonged decline since mid-June when the price failed to surpass the 121.00 mark. Although the commodity has been recording consecutive fresh lows in the last few daily sessions, Read more…
AUDUSD was trimming Wednesday’s quick bounce from the 29-month low of 0.6362 during Thursday’s early European trading hours, but the completed doji candlestick pattern continued to feed hopes for an upside reversal. Given the price’s continuous contact Read more…
DAX falls as the mood sours ahead of German inflation data The DAX, along with its European peers, booked modest gains yesterday as the market mood improved following an intervention by the BoE into the Read more…
We talked about the situation on the DXY index a little more than two weeks ago. Apparently, its internal structure shows the completion of the global corrective trend, which took the form of a triple Read more…