Hawkish Risks into FOMCOn the back of surprise rate hikes from the RBA and BOC this week, traders are mulling the prospect of the Fed opting to retain a hawkish stance at the upcoming FOMC. Odds for a...
Dollar Extends Pullback but Buying Pressure may Resurface in the run-up to the May CPI Report
Dollar Extends Pullback but Buying Pressure may Resurface in the run-up to the May CPI ReportThe trend corridor for USDCAD held its ground despite the unexpected decision by the Bank of Canada to...
CAD Soars On Surprise BOC Rate Hike
BOC Hikes AgainThe Bank of Canada yesterday caught markets somewhat off-guard as it announced a fresh rate hike, the first since pausing its tightening campaign in January. The BOC hiked rates from...
Oil Drops As Saudi Production-Cut Rally Fades
Calmer Crude MarketsFollowing heavy volatility at the start of the week, crude oil prices action has calmed down sharply through the week. Crude futures are now hovering around the level of last...
CAD Rallying Ahead of BOC Rate Decision
BOC on WatchToday’s BOC meeting is drawing plenty of attention, particularly on the back of recent unexpected interest rate hikes from the RBA. While the BOC has been on hold since its last .25% hike...
GBP Weaker As OECD Forecasts UK Growth Disappointment
OECD Raises UK Growth Forecasts... SlightlyThe latest set of forecasts from the OECD makes pretty dim reading for the UK. The economy is set to suffer the second-worst performance of the G7 this year,...
Tesla Breaks Out To Fresh 2023 Highs
Fed Lift Shares in Tesla are trading at fresh highs for the year this week after breaking out yesterday. Pre-market, the stock is sitting a few points higher suggesting further gains to come as we...
Dollar index: Bearish channel keeps short-term buying pressure in check
The dollar upturn eventually lost steam yesterday as there was no significant correction in risk assets following new local high in the S&P 500. The dollar index (DXY) dipped below 104 points:A...
Bitcoin Bounces Off Lows But Fed View An Issue
Bitcoin Bounces Off LowsBitcoin futures are still fighting to get back above the 27415 level today. Following a dip lower towards 24930 support earlier in the week, the market has since rebounded and...
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