Canadian Dollar is trading as the strongest one for today, and remains firm after stronger than expected manufacturing sales data. Dollar is currently following, with help by rebound against Yen. Sterling is also slightly weaker, Read more…
Canada manufacturing sales rose 2.6% mom to CAD 63.1B in November, above expectation of 1.7% mom. Sales increased in 18 of 21 industries, led by the primary metal, petroleum and coal product, non-metallic mineral, and Read more…
The Canadian dollar has started the week with gains and could break below the symbolic 1.25 level during the day. US markets are closed for Martin Luther King Day, so I expect a quiet North Read more…
EURUSD came higher last week after US CPI figure. Pair moved to the upper side of a corrective channel line, to around 1.1490 where bulls slowed down, so it can be an interesting reversal coming Read more…
China’s rate cuts were not enough to lift investor sentiment in the region. PBoC lowered its one-year medium-term lending facility rate by 10bps to 2.85%. The seven-day reverse repurchase rate was also cut by 10bps Read more…
Gold has been trading at a sluggish pace below the tough 1,830 resistance zone for the past three weeks, but the latest upturn in the price could show more resilience according to the technical picture. Read more…
USDJPY buyers are trying to extend the bounce from the 113.47 level far beyond the recently conquered 200-period simple moving average (SMA) at 114.33. The longer-term SMAs are implying that the positive trend is feeble, Read more…
On Monday, 17 January, the Brent price remains “in the black”; investors are clearly intending to update 7-year highs in the instrument. Brent is trading at $86.40 and may continue improving. So, the oil is Read more…
Summary The FOMC’s first meeting of the year is likely be a quieter affair than its December meeting, when the Committee accelerated its taper plans and outlined a more aggressive policy path for 2022. There Read more…
Dollar stabilizes as markets price in faster Fed rate hikes In contrast, China cuts interest rates to power up growth US markets will stay closed today, focus turns to BoJ meeting Dollar unscathed by retail Read more…