It was a grinding session in US stocks with a flurry of headlines in the morning as a Powell speech aligned with the European Central Bank’s largest rate hike.
Oil prices have bounced off support in the $82.00 area, but the near-term technical outlook remains negative following the development of a death cross formation on the daily chart.
Canadian Dollar may be poised to mount a counter-offensive as the USD/CAD breakout stalls into uptrend resistance. The levels that matter on the weekly technical chart.
Gold prices have been hurt by the recent strength of the U.S. dollar and rising real yields, but the precious metal outlook may soon improve as interest rates begin to…
This morning brought a messy ECB meeting to the fray and despite a seemingly open door for bulls on Euro, price continues to grind longer-term support in EUR/USD.
WTI crude oil witnessed a sizeable drop yesterday as growth concerns and rate hike expectations add to the bearish trend. EIA inventory build could add to the sell off