The Canadian dollar surged after the BOC’s aggressive rate hike of 50bp. The pair’s recovery came under pressure at 1.2670. A bearish RSI divergence shows a loss of momentum in the rally and the ensuing Read more…
ECB is widely expected to keep monetary policy unchanged today. But with inflation at a record high of 7.5%, the central bank is also expected to sing a more hawkish tune. There should be an Read more…
Australia employment grew 17.9k in March, below expectation of 30.0k. Full-time jobs rose 20.5k while part-time jobs dropped -2.7k. Unemployment rate was unchanged at 4.0%, above expectation of 3.9%. Participation rate was unchanged at 66.4%. Read more…
New Zealand BNZ Performance of Manufacturing Index rose slightly from 53.6 to 53.8 in March. Production dropped from 51.7 to 50.9. Employment rose from 52.0 to 52.4. New orders rose from 58.6 to 61.0. Finished Read more…
Federal Reserve Governor Christopher Waller said in a CNBC interview that preferred a “front-loading approach” on tightening. So, “a 50-basis-point hike in May would be consistent with that, and possibly more in June and July.” Read more…
Will the ECB move now or use this as a placeholder meeting. Read below to find out more. Thursday’s ECB meeting should be a relatively calm affair with an autopilot approach the most likely outcome. Read more…
Key Highlights Crude oil price found support near $93.25 and started a fresh increase. It broke a major bearish trend line with resistance near $99.20 on the 4-hours chart. Gold price is facing resistance near Read more…
Gold broke resistance level 1960.00 Likely to rise to resistance level 2000.00 Gold recently broke the resistance level 1960.00 (which stopped the previous corrective wave A at the end of March). The breakout of the Read more…
GBPCHF reversed from support level 1.2120 Likely to rise to resistance level 1.2225 GBPCHF currency pair earlier reversed up sharply from the pivotal support level 1.2120 (which stopped the previous minor impulse wave 1 at Read more…
Whichever metrics of inflation we look at, it is hard to argue there isn’t more inflation set to come our way whilst commodities continue to rally. Wednesday US cash market close: The Dow Jones Industrial Read more…