EUR/USD At the beginning of the European session, the bulls’ attempts to break the levels around 1.0981 were rejected and the single European currency continued its downward trend. The full control of the bears over Read more…
American stocks wavered on Tuesday as the Federal Reserve prepared to accelerate its tightening process. In a statement, Lael Brainard said that the bank will be aggressive in its bid to combat inflation. In addition Read more…
Markets We’ve stressed on multiple occasions that any correction higher in the core bond sell-off remain fairly limited both in terms of magnitude and in terms of length. Yesterday’s trading session confirmed this once more Read more…
Recent price action on USD/CAD suggests an important swing low may have already been seen. Asian Indices: Australia’s ASX 200 index fell by -36.6 points (-0.49%) and currently trades at 7,491.30 Japan’s Nikkei 225 index Read more…
Covid reared its ugly head again on economic data, which saw China’s service PMI contract at its fastest pace since the pandemic. Service sector activity in China was dragged lower due to the recent rise Read more…
Market movers today FOMC minutes from the March meeting will be released in the evening, and focus will be on any hints about the upcoming QT, more so than rate hikes. Fed’s Brainard said yesterday Read more…
Federal Reserve (Fed) Governor Lael Brainard’s hawkish comments rocked the markets yesterday as she said that the next interest rate hikes should be more aggressive to tame the skyrocketing inflation in the US, and that Read more…
The S&P 500 falls back as yield curve inversion raises concerns of an economic contraction. On the daily chart, a break above the February high at 4590 and a bullish MA cross suggest a steady Read more…
The US dollar rallies as traders hoard the safe haven currency. The price is in a narrowing consolidation range as a sign of short-term hesitation. Overall sentiment remained downbeat after the latest rebound hit resistance Read more…
The Australian dollar soared after the RBA signaled higher interest rates later this year. The pop above the daily resistance at 0.7550 has put the Aussie on a bullish reversal course for the weeks to Read more…