Bank of Canada Hikes by 50 bps and Signals Potential end to Rate Hikes
The BoC hiked by 50 basis points bringing the overnight rate to 4.25% and will consider if rates need to rise further, suggesting we may have seen the last hike
DAX Technical Outlook: German Equities Weighed Down by Bleak Outlook
The German Dax is trading lower after bulls failed to rise above major Fibonacci resistance. As prices test technical support, a move lower could drive bearish momentum.
WTI Crude Oil Slumps to Fresh Yearly Low amid Recessionary Fears
WTI continued its decline in European trade printing a new YTD low. Continued dollar strength and EIA data could result in further losses.
British Pound (GBP) Latest – GBP/USD Steered by Renewed Dollar Strength
The US dollar is pushing higher ahead of next week’s FOMC meeting, leaving a range of major currencies, including Sterling, struggling in its wake.
The US Dollar Gripped the Ascendency as Risks of Recession Swirl. Will USD go Higher?
The US Dollar held on to overnight gains as markets recalibrate risks of an economic slowdown in the West against a re-opening of China. Will the DXY index (USD) rally?
Dow Jones, S&P 500 Forecast: Prices at Risk as Retail Traders Go Long Once More
The Dow Jones and S&P 500 may be at risk as retail traders begin to increasingly boost their upside exposure. What are key levels to watch ahead?
Australian Dollar Steady Despite GDP Disappointment. Where to for AUD/USD?
The Australian Dollar was little changed in the aftermath of underwhelming third quarter domestic GDP data and revisions lower of previous quarters. Will AUD/USD sink?
A VIX ‘Breakout’, Heavy Dollar Technicals, BOC Volatility and Recession Signals
The markets carried over greater market activity this past session with the VIX clearing its two-month descending channel and the S&P 500 extending its slide; but systemic trends will still…
S&P 500, Nasdaq, Dow: Key Support Zones Now in Play
The high-flying Dow has pulled back to support at a prior swing-high, and the Nasdaq is brewing a double top formation.
USDCAD May Not Be the Most Responsive Loonie Cross to the BOC Decision
The Bank of Canada rate decision is on tap for Wednesday, and there is debate around what the central bank intends to do with its policy. USDCAD will be a…