The Bank of Canada maintained the overnight rate at 4.5%, while stating that it will continue with Quantitative Tightening (QT). Regarding recent economic data, the Bank stated that “restrictive monetary policy continues to weigh on Read more…
The Bank of Canada maintained the overnight rate at 4.5%, while stating that it will continue with Quantitative Tightening (QT). Regarding recent economic data, the Bank stated that “restrictive monetary policy continues to weigh on Read more…
The Bank of Canada maintained the overnight rate at 4.5%, while stating that it will continue with Quantitative Tightening (QT). Regarding recent economic data, the Bank stated that “restrictive monetary policy continues to weigh on Read more…
The Bank of Canada maintained the overnight rate at 4.5%, while stating that it will continue with Quantitative Tightening (QT). Regarding recent economic data, the Bank stated that “restrictive monetary policy continues to weigh on Read more…
The USDJPY pair, as in the previous review, which was a few weeks ago, continues to form a bearish trend. The trend takes the form of a triple zigzag, in which the sub-waves are completed. Read more…
US ADP private sector employment grew 242k in February, above expectation of 200k. By sector, goods-producing jobs rose 52k and service-providing jobs rose 190k. By size, small companies lost -61k jobs, but medium companies added Read more…
AUDJPY has been under selling pressure this week, crashing below its 50-day simple moving average (SMA) on Tuesday. However, the price appears to be bouncing off the medium-term ascending trendline today, and the momentum indicators Read more…
Gold plummeted in the face of Powell’s hawkish interest rate rhetoric on Tuesday, reversing March’s gains from 1,858 to pause at 1,809 earlier today. Encouragingly, the precious metal seems to have formed a doji morning Read more…
BoE dove Swati Dhingra warned in a speech that overtightening posses a more material risk now. She called for holding interest rate unchanged. “Overtightening poses a more material risk at this point, through potential negative Read more…
Powell sent the USD much higher yesterday and hinted for a potential 50bp increase on next meetings as inflation is still the main issue while the economy is doing well. However, today Powell has another Read more…