Month: June 2023

Let’s dive into the recent debt ceiling saga in the US and its implications for the economy, deficit, and inflation. The good news is that a new debt deal is on the horizon, saving us Read more…

Daily Pivots: (S1) 139.39; (P) 139.82; (R1) 140.61; More… No change in USD/JPY’s outlook and intraday bias remains neutral. With 138.22 minor support intact, further rally is expected. On the upside, break of 140.90 will Read more…

US initial jobless claims rose 28k to 261k in the week ending June 3, well above expectation of 235k. That’s also the highest level since October 30, 2021, when it was 264k. Four-week moving average Read more…

The USDCAD pair is holding firmly in red for the third straight day and near one-month low, posted on Wednesday after a BOC hawkish hike. The Bank of Canada surprised markets by raising interest rate Read more…

The USDCAD pair is holding firmly in red for the third straight day and near one-month low, posted on Wednesday after a BOC hawkish hike. The Bank of Canada surprised markets by raising interest rate Read more…

Daily Pivots: (S1) 1.3320; (P) 1.3373; (R1) 1.3425; More…. Intraday bias in USD/CAD remains on the downside, with focus on 1.3299 support. Strong support could still be seen there to rebound. Break of 1.3460 minor Read more…

Markets The Bank of Canada yesterday joined the Reserve Bank of Australia in starting a second leg of the policy normalization cycle after a premature pause (see below). Monetary policy just wasn’t sufficiently restrictive enough Read more…

Markets The Bank of Canada yesterday joined the Reserve Bank of Australia in starting a second leg of the policy normalization cycle after a premature pause (see below). Monetary policy just wasn’t sufficiently restrictive enough Read more…

Markets The Bank of Canada yesterday joined the Reserve Bank of Australia in starting a second leg of the policy normalization cycle after a premature pause (see below). Monetary policy just wasn’t sufficiently restrictive enough Read more…

Canadian Dollar is currently the second best performer of the week after yesterday’s surprised 25bps rate hike by BoC to 4.75%. Most economists see the move after a 2-meeting pause as a “restart” of the Read more…