The US inflation report and the European Central Bank’s policy meeting will share the limelight next week amid another round of ratcheting up of rate hike expectations by investors. Other critical data such as Chinese Read more…
The US inflation report and the European Central Bank’s policy meeting will share the limelight next week amid another round of ratcheting up of rate hike expectations by investors. Other critical data such as Chinese Read more…
US stock indices dropped substantially yesterday, led by the Nasdaq and prompting a general sell-off across the world. A ~2% drop in the stock market isn’t all that unusual, but this time it was caused Read more…
Canada employment rose 21.8k in February, well above expectation of 2.5k. Unemployment rate was unchanged at 5.0%, versus expectation of 5.1%. But that’s just shy of record-low 4.9% in June and July 2022. Labor force Read more…
USDCAD has been rallying this week, gaining 1.7% since Tuesday and testing the five-month high of 1.3850. The pair looks vulnerable to both a short-term correction and the potential for a longer-term reversal. The US Read more…
Swiss Franc is surprisingly the strongest one for the week for now, ahead of NFP. In the background, expectations for another 50bps rate hike by SNB on March 23 solidified after data earlier this week Read more…
The Euro remains at the front foot in European session on Friday and extends recovery into second straight day, retracing almost 50% of post Powell’s sharp fall. Bounce from Wednesday’s two-month low (1.0524) is struggling Read more…
AUDUSD has been in a tight range, unable to recover from Tuesday’s crash to 0.6579, and this continues to push the pair, on a weekly basis, back to the red zone. The sharp shorting emerged Read more…
The Euro started a fresh decline from the 1.0700 zone against the US Dollar. The EUR/USD pair traded below the 1.0620 level to move into a bearish zone. The pair even traded below the 1.0600 Read more…
Daily Pivots: (S1) 1.0550; (P) 1.0571; (R1) 1.0603; More… Intraday bias in EUR/USD stays neutral for the moment. Another decline cannot be ruled out with 1.0693 resistance intact. But strong support could be seen from Read more…