Another pivotal week lies ahead for currency traders, with the latest US inflation report set to decide whether the dollar’s relentless rally will finally cool off. Meanwhile, the Bank of England rate decision has been Read more…
Over the past year, the yen has been moving lower against the dollar mainly because of the overall USD strength. But there’s more behind the weakness of the JPY, including the global economic downturn, monetary Read more…
The main event this week was the ECB’s decision to hike policy rates by 75bp highlighting that central banks are very much in inflation fighting mode despite the outlook for recession. ECB governor Christine Lagarde Read more…
Earlier this week, cable dropped to lows not seen in decades. Since then, it has bounced back a bit, but it spun up speculation about what to expect from the BOE next week. Some analysts Read more…
USDCAD is coming lower, after 75bp increased by BoC, but Rogers noted that the rates will need to be rised further. At the same time, we see USD making a strong reversal across the board Read more…
Markets A75 bps rate hike is not the new norm (according to ECB’s Lagarde yesterday at the ECB press conference). Also the Fed pledged to set interest rates in line with incoming economic data. That Read more…
The crypto industry has been looking for guidance. It might get more than it bargained for from the U.S. SEC. The crypto industry might want to remember the adage: “Be careful of what you wish Read more…
The Canadian labour market shed 40k positions in August, with full-time employment down 77k and part-time employment up 37.5k. The unemployment rate rose by 0.5 percentage points, to 5.4%, as August’s jobs decline was met Read more…
The Australian dollar has posted sharp gains today. In the European session, AUD/USD is trading at 0.6837, up 1.27%. China inflation falls unexpectedly China’s economy has been stalling, as global demand has weakened and China Read more…
Daily Pivots: (S1) 0.9944; (P) 0.9986; (R1) 1.0042; More… Intraday bias in EUR/USD remains mildly on the upside at this point. Rebound from 0.9863 short term bottom would target 55 day EMA (now at 1.0170). Read more…