June 14–15, 2022 A joint meeting of the Federal Open Market Committee and the Board of Governors of the Federal Reserve System was held in the offices of the Board of Governors on Tuesday, June Read more…
DXY: On the H4, with RSI moving along an ascending trendline and prices moving along the ascending trendline, we have a bullish bias that prices will drop and rise from 1st support at 105.794 where Read more…
Canadian jobs data for June will accompany the US nonfarm payrolls on Friday at 12:30 GMT. The consensus is for a softer employment print, but the data will not alter the central bank’s guidance for Read more…
I am going to state something that might sound a bit controversial about Friday’s US monthly jobs data, before we get into the details of it. It is this: I just don’t think the market Read more…
In addition to EUR/USD moving lower, EUR/JPY could continue lower as well, as the Yen is also considered a safe haven currency. The headlines regarding worries of a recession have been coming in fast and Read more…
Energy prices have turned into the most important issue in economics. Their trajectory will shape the future behavior of consumers, central banks, and investors alike. Oil prices have finally started to lose power, joining the Read more…
GBP/USD is closer to flash crash levels than ever before Political chaos in the UK is just one act in a long tragedy for the pound GBP/USD’s Fall Is Far From Accidental GBP/USD is closer Read more…
EURCHF broke support level 0.9975 Likely to fall to support level 0.9850 EURCHF recently broke the key support level 0.9975 (former multi-month low from the start of March). The breakout of the support level 0.9975 Read more…
USDCAD reversed from resistance level 1.3075 Likely to fall to support level 1.2965 USDCAD recently reversed down from the key resistance level 1.3075 (the previous monthly high from May and June). The resistance area near Read more…
The FOMC Minutes from the June 14-15,2022 meeting told a story of a scared Fed that will do anything to stop inflation from increasing, even if it means slowing growth. The FOMC minutes from the Read more…