Category: Cryptocurrencies

The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ %, with the Bank Rate at ½ % and the deposit rate at ¼ %. With Read more…

It has been a quiet week for the New Zealand dollar, but that could change later in the day, with two key releases. The Federal Reserve holds a policy meeting and New Zealand releases CPI Read more…

As we discussed the potential for a rebound in our report yesterday, the markets have in fact gone up from oversold levels. Europe was doing particularly well this morning, with the major indices being up Read more…

Microsoft’s stronger than expected guidance, has helped distract investors ahead of the looming Fed meeting. US futures Dow futures +1.06% at 34678 S&P futures +1.4% at 4423 Nasdaq futures +2.06% at 14465 In Europe FTSE Read more…

Daily Pivots: (S1) 1.1268; (P) 1.1298; (R1) 1.1334; More… Intraday bias in EUR/USD remains mildly on the downside and outlook is unchanged. Corrective rebound from 1.1185 should have completed at a.1482. Deeper fall would be Read more…

Daily Pivots: (S1) 1.3455; (P) 1.3487; (R1) 1.3537; More… Intraday bias in GBP/USD remains neutral at this point. As noted before, rebound from 1.3158 could have completed at 1.3748 already. More importantly, larger fall from Read more…

Daily Pivots: (S1) 0.9114; (P) 0.9136; (R1) 0.9164; More…. USD/CHF is still bounded in range of 0.9090/9276 and intraday bias remains neutral. On the downside, firm break of 0.9084 support will argue that choppy rise Read more…

Daily Pivots: (S1) 113.63; (P) 113.89; (R1) 114.12; More… USD/JPY recovers today but stays in range above 113.47. Intraday bias remains neutral first. On the downside, break of 113.47 will resume the fall from 116.34. Read more…

Markets are gradually stabilizing, despite the fact that Russia-Ukraine tensions remain high. The two-day FOMC meeting concludes this afternoon. FOMC meeting ends today The Fed is widely expected to keep a hawkish stance as it Read more…