USDCAD reversed from key resistnace level 1.2800 Likely to fall to support level 1.2645 USDCAD currency pair recently reversed down from the key resistance level 1.2800 (which has been reversing the pair from the start Read more…
WTI broke resistance zone Likely to rise to resistance level 110.00 WTI crude oil recently broke the resistance zone lying between the powerful round resistance level 100.00 and the resistance trendline of of the daily Read more…
Markets The developments in Ukraine still were the main driver for global trading. However, with EMU inflation data, the OPEC+ decision on production hikes, the US ADP labour market report and Fed Powell’s testimony before Read more…
Chicago Fed President Charles Evans said “inflation is quite a risk to economic growth. And Fed needs to “alter monetary policy so it is moving towards a neutral stance.” He added, if inflation accelerates, “we Read more…
Disney will let parents restrict the Marvel-Netflix shows by content rating. Disney (DIS) – Get Walt Disney Company Report has decided that it’s fine with some marvelous violence, as long as it can help parents block Read more…
In the semiannual testimony to Congress, Fed Chair Jerome Powell said,”with inflation well above 2 percent and a strong labor market, we expect it will be appropriate to raise the target range for the federal Read more…
As for the Ukraine war, ‘The implications for the U.S. economy are highly uncertain, and we will monitor the situation,’ he said. Financial-market participants have continued to expect the Federal Reserve to begin raising interest Read more…
BoC raises overnight rate by 25bps to 0.50% as widely expected. The Bank Rate and the deposit rate now stand at 0.75% and 0.50% respectively. The policy rate is the “primary monetary policy instrument”. It Read more…
The Bank of Canada today increased its target for the overnight rate to ½ %, with the Bank Rate at ¾ % and the deposit rate at ½ %. The Bank is continuing its reinvestment Read more…
The US 500 cash index has quickly bounced above its 9-month low at 4,106 touched last week. However, the elevated negative pressures are still troubling the index, which is currently trading well below its 50- Read more…