The BOC really shocked markets back on Wednesday when it hiked rates by 25bps. Pretty much everyone was expecting it to be a non-event. Given Canada’s unique position, the move impacted how many analysts viewed Read more…
Markets US core bond yields recovered from what we consider an outsized market reaction to yesterday’s disappointing US weekly jobless claims. In a technical trading session stripped of any important data, US yields rise between Read more…
Daily Pivots: (S1) 138.41; (P) 139.32; (R1) 139.82; More… Sideway trading continues in USD/JPY and intraday bias remains neutral at this point. With 138.22 minor support intact, further rally is expected. On the upside, break Read more…
Gold got stuck around the resistance trendline that has been blocking bullish actions over the past month at 1,963 following another strong bounce near the 1,938 floor. The technical indicators in the four-hour chart provide no clear Read more…
Market picture The crypto market capitalisation has been virtually unchanged over the past 24 hours, remaining near 1.1 trillion. Bitcoin is marginally higher, up 0.1%, while Ethereum is down 0.3%. Top altcoins show more amplitude, Read more…
Market picture The crypto market capitalisation has been virtually unchanged over the past 24 hours, remaining near 1.1 trillion. Bitcoin is marginally higher, up 0.1%, while Ethereum is down 0.3%. Top altcoins show more amplitude, Read more…
Daily Pivots: (S1) 1.6021; (P) 1.6056; (R1) 1.6093; More… Intraday bias in EUR/AUD stays neutral for the moment. Risk will stay on the downside as long as 1.6513 resistance holds. Below 1.5976 will resume the Read more…
AUD/JPY has staged a bullish breakout from its major descending channel and traded back above its 200-day moving average. Short-term momentum remains positive supported by the 1-hour RSI oscillator. Key short-term support to watch for Read more…
The faster than expected jump in US initial jobless claims threw some cold water on the heated hawkish Federal Reserve (Fed) pricing yesterday. Initial jobless claims rose 261K last week, versus around 233K expected by Read more…
China CPI ticked up slightly from 0.1% yoy to 0.2% yoy in May, above expectation of 0.1% yoy. Core CPI, which excludes volatile food and energy prices, slowed from 0.7% yoy to 0.6% yoy. Food Read more…