The Japanese Yen saw gains against the US Dollar after comforting PMI numbers in thin trade due to Lunar New Year. The USD/JPY trend is being questioned. Will it turn?
The US Dollar has given ground on Monday after the Federal Reserve hinted toward a less hawkish stance at their meeting next week. Where to for the DXY (USD) index?
The Dow Jones fell as the Nasdaq 100 rose in a tech-fueled rally last week. Ahead, the Canadian Dollar is eyeing the BoC, with AUD/USD and NZD/USD facing inflation data.
The S&P 500 found support at its 200-day moving average this morning, while the Nasdaq has its own 200 dma as key resistance and the Dow as key support.
The Bank of Canada raised rates by 25bps this Wednesday leaving markets forecasting no more rate hikes to come for the year. USD/CAD finds support.
Bitcoin prices have fallen back into a narrow range that has formed around the September high of $22,781. Will a break of this zone determine the next move for BTC?
Sentiment in the German economy ‘has brightened’ according to the latest Ifo report and this may give ECB a bit more ammunition as they continue to push for multiple rate hikes
WTI has found resistance at the 100-day MA as Chinese Holidays, inventory buildup and economic concerns weigh on prices.
The Australian dollar benefitted from higher-than-expected inflation data which turns the focus to the RBA early next month. Aus inflation data diverges from the US
A week of potential that never come to fruition has come to a close. Risk assets led by the S&P 500 broke off from the immediate pressure of a full bullish reversal while the prevailing winds of a Dollar breakdown died down on the other side of key technical progress. With more serious event risk ahead, can volatility turn into trend?
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