WTI oil price rose further on Thursday, extending gains above psychological $80 barrier and looking for the first daily close above this level since Nov 6. Near-term bullish sentiment improved after the latest International Energy Read more…
The USDCAD pair remains within a sideways range, with the Canadian dollar occasionally showing a tendency to strengthen. Recent DES data revealed that Canadian households have become more affluent. In Q4 2023, their “net” worth Read more…
In the past five days, the year-to-date laggard Dow Jones Industrial Average (DJIA) has played a positive catch-up. On a rolling 5-day performance basis, the DJIA has outperformed with a gain of +1.10% over the Read more…
AUDUSD squeezed between key levels Traders indecisive ahead of US retail sales AUDUSD regained positive momentum and climbed above its exponential moving averages (EMAs) after breaking out of its 2024 bearich channel. But the 0.6620 Read more…
Cable is probing above 1.2800 mark in early Thursday, adding to initial signals that shallow correction from new 8-month high (1.2893) might be over. Two-day pullback was contained by rising 10DMA, with strong downside rejection Read more…
Since the beginning of 2024, the USD/JPY price has been in an uptrend (as shown by the blue channel), but when the rate exceeded the psychological level of 150 yen per US dollar, market sentiment Read more…
Check back for updates throughout the trading day U.S. equity futures bounced higher Thursday ahead of a trio of key economic releases as investors shift focus to next week’s Federal Reserve policy meeting in Washington. Read more…
WTI crude rebounds off 200-day SMA Remains in an uptrend in the short-term WTI oil futures are finding a strong support level near the 200-day simple moving average (SMA) at 78.00 and are also struggling to jump beyond the Read more…
ECB Governing Council member Yannis Stournara, a known dove, proposed two rate reductions “before the summer break” and a total of four throughout the year. This strategy, he argues, is essential to ensure that ECB’s Read more…
Markets US Treasuries extended their post-CPI sell-off yesterday in absence of eco data or other news. US yields added 2.8 bps (30-yr) to 5.3 bps (3-yr). The US 2-yr yield is gradually moving back in Read more…