The Swiss Franc’s safe-haven status remains intact as the Euro comes under pressure as risks continue to ricochet through markets. Where to for EUR/CHF?
Recent developments in the RSI indicate a larger pullback for the price of gold as the oscillator falls back from overbought territory to indicate a textbook sell signal.
Dow Jones gains after Powell says he favors a 25bp rate hike for the March meeting rather than a 50bp adjustment and indicates the Fed will proceed cautiously amid elevated geopolitical risks.
Fresh developments coming out of the US may fuel the recent advance in USD/JPY as the NFP report is anticipated to show a further improvement in the labor market.
Russia’s invasion of Ukraine has provoked a dramatic repricing in rates markets.
TLT has risen since mid-February on haven flows driven by geopolitical tensions, but its gains may be short-lived as yields should push higher in the mediumterm amid high inflation
Bitcoin led cryptocurrencies higher as western sanctions bit down on Russian banks and the Ruble, providing a possible haven from sanctions. Chinese PMI data and an RBA rate decision are on deck.
EUR/USD remains under pressure as the war between Russia and Ukraine remains at the forefront of risk appetite, driving the safe-haven Dollar
The Bank of Canada raised its benchmark rate by 0.25% as policymakers look to tamper down sticky inflation.
Bank of Canada to embark of hiking cycle. Russia-Ukraine conflict boosts Canada’s terms of trade.
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