USDCAD Continues to Point Lower as Canadian Inflation Data Comes in Hot
Canadian inflation data came in much hotter than expected on Wednesday, which saw USDCAD continue to march lower.
IMF Fiscal Monitor Sees Policy Shifts from Pandemic to Effects of War
The IMF identified war-induced risks of food security, tightening monetary policy and the potential to exacerbate demand/supply imbalances through fiscal response.
EUR/USD Update – Popping Higher on Hawkish ECB Comments
The single currency jumped back above 1.0850 against the US dollar after ECB governing council member Martins Kazaks said that the central bank could hike rates as early as July.
Gold Price Forecast: XAU/USD Sinks on Hawkish Bullard Comments
James Bullard, one of the most hawkish FOMC members, provided a catalyst for gold and treasuries necessitating a renewed focus on key technical levels ahead
Germany 40 IG Client Sentiment: Our data shows traders are now net-short Germany 40 for the first time since Apr 05, 2022 when Germany 40 traded near 14,379.60.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Germany 40-bullish contrarian trading bias.
USDJPY Prints a Fresh 20-Year High as the BoJ Buys More Bonds
The Bank of Japan is defending its yield target on 10-year JGBs by bidding 0.25% for an unlimited amount of bonds, causing the Japanese Yen to weaken further.
Japanese Yen Melts as Fed and BoJ Policies Diverge. How High for USD/JPY?
The Japanese Yen is at 20-year lows against the US Dollar as the Fed and Bank of Japan go down different roads. Where to for USD/JPY?
Gold Price Forecast: XAU Weighs Yields, US Dollar, Fed Path Amid Crude Oil Pullback
Gold prices may stagnate as nominal and real yields push higher amid increased chances for a soft landing from the Fed after oil prices eased, but traders may be reluctant…
Crude Oil Price Tumbles on IMF Outlook Concerns of War, Lockdowns and Fed Tightening
Crude oil lost ground in the aftermath of the IMF downgrading global growth on the back off the Ukraine war, Chinese lockdowns and inflation fighting central banks.
US Dollar, USD/JPY, USD/CNH Gain as Wall Street, Treasury Yields Rise. PBOC Cut Next?
The US Dollar extended its advance against the Japanese Yen as stocks and Treasury yields gained on Wall Street. USD/CNH broke above a year-long trendline ahead of expected PBOC cuts.