Key takeaways Fed Chairman Jerome Powell is set to testify before Congress this week, where he is expected to signal that interest rates may need to be raised higher than previously estimated due to strong Read more…
The USD/CAD is going to face a testing week. We have a rate decision from the Bank of Canada in mid-week, followed by monthly jobs reports from both North American nations on Friday, in addition Read more…
US futures Dow futures +0.17% at 33450 S&P futures +0.3% at 4057 Nasdaq futures +0.5% at 12355 In Europe FTSE -0.57% at 7930 Dax 0.2% at 15670 March sees a strong start after a weak Read more…
Daily Pivots: (S1) 0.9336; (P) 0.9384; (R1) 0.9408; More… USD/CHF’s break of 0.9340 support indicate short term topping at 0.9439, on bearish divergence condition in 4 hour MACD. More importantly, the corrective rebound from 0.9058 Read more…
Australian dollar dips on Monday, dragged lower by weaker Chinese yuan, but remains within a congestion which extends into sixth straight day. Traders await RBA’s policy meeting (due early on Tuesday) for fresh signals, as Read more…
ECB Chief Economist Philip Lane indicated that it’s “appropriate” to raise interest rates further beyond March meeting. But the “exact calibration” will depend on the upcoming macroeconomic projections and incoming data on inflation and the Read more…
Gold is holding positive tone in early Monday, with price action consolidating within a narrow range, under new three-week high. The metal rallied 1.1% on Friday and advanced 2.5% last week, though investors remain cautious Read more…
UK PMI Construction rose sharply from 48.4 to 54.6 in February, well above expectation of 48.5. It’s also the first expansion reading in three months, and highest since May 2022. S&P Global also noted greater Read more…
The Aussie Dollar started a fresh increase above the 0.6720 resistance against the US Dollar. The AUD/USD pair gained pace above 0.6740 to move into a positive zone. The pair even climbed above the 0.6750, Read more…
Market pricing about the Fed’s future course of action has dramatically changed lately, following a streak of upbeat US economic data and hotter-than-expected inflation numbers for January. Several Fed officials have become more vocal about Read more…