Month: September 2022

USDCAD flipped backwards after its bullish efforts fizzled out just beneath July’s top of 1.3222, with the price plunging towards the key 1.3026 level ahead of Canada’s employment report early on Friday. The momentum indicators Read more…

GBPJPY has been gaining ground in the last few daily sessions after its sideways pattern was broken forcefully to the upside. Even though the pair managed to jump above both its 50-day simple moving average Read more…

EUR/USD For the first time since the existence of the single European currency, we witnessed an increase in the interest rate by the ECB by 0.75 basis points. Central bankers said too high inflation is Read more…

The S&P 500 clawed back some losses over a correction in bond yields. A drop below 3920 and a bearish MA cross indicates that the market mood still leans towards the cautious side. The short-term Read more…

The euro finds support from a surprising 75bp hike by the ECB. The pair has climbed above last June’s double top at 144.20, which indicates strong interest in maintaining the upward trajectory. 145.00 is the Read more…

The New Zealand dollar recovers from dips as risk appetite makes its return. The pair came under pressure after it tanked below the daily support at 0.6060. With the RSI in the oversold zone, bargain Read more…

Markets The world’s two biggest central banks were in focus yesterday. The ECB jacked up interest rates by an unprecedented 75 bps to bring the deposit rate at 0.75%. Growth may grind to a halt Read more…

The European Central bank (ECB) raised the interest rates by 75bp at yesterday’s monetary policy meeting and said there will be more rate hikes to fight inflation. That was in line with our expectations. The Read more…