Bank of Canada Raises Interest Rates by 75 Basis Points
The Bank of Canada has raised interest rates by 0.75% to stem the strength of inflation.
DAX and CAC 40 Technical Outlook: Already Approaching Bear Market Lows
The German and French benchmarks are bear market leaders, especially the former; big test coming up with the cycle lows quickly nearing.
FTSE100 Triangle Pattern Completed
The FTSE 100 has been coiling sideways in a triangular shape format since February 7th high at 7687 and it seems it's ready for a breakout.
Gold Outlook: XAUUSD Reclaims $1700 Key Level, Bearish Potential Remains Intact
The precious metal reclaims the key $1700 level; downside pressures remain.
Aussie Dollar Update: Strong GDP Data Lifts AUD After 50 Bps RBA Hike
The Aussie dollar is providing some interesting price action after the RBA’s rate hike yesterday and today’s positive GDP data. AUD/USD, AUD/JPY price action analyzed
EUR/USD Outlook: US Dollar Wrecking Ball Slams Euro To Support
USD upside momentum shows little signs of easing.
Japanese Yen (JPY) Collapses Across the Board as the BoJ Ramps Up Bond Purchases
The Bank of Japan (BoJ) has upped the amount of 5-10 year JGBs it will buy at its regular bond operations, hammering an already weak Japanese Yen even lower.
British Pound Forecast: GBP/USD Heading Swiftly Toward March 2020 Lows
GBP/USD extends its move lower this morning as the dollar remains supported ahead of Fed speakers later this afternoon.
Japanese Yen Crumbles Under the Weight of a Robust US Dollar. New Peaks for USD/JPY?
The Japanese Yen made historic lows today as the US Dollar was boosted by Treasury yields marching ever higher, undermining equities and commodities. Where will USD/JPY go next?
Dollar Charges and S&P 500 Slides Out of the Seasonal Gate with Fed, BOC and ECB Ahea
The US markets were back online after the long holiday weekend; and with their return to the market, we are wading into expectations for more active fall trading conditions. Does…