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Markets A slew of European data hit the wires today and after wrapping up this report some more are scheduled for release in the US (JOLTS, consumer confidence). GDP Q2 growth numbers were due in Hungary and the Czech Republic (see below), in core countries including Germany & France and the European periphery (Spain & […]

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02/09/2024

AUD/USD: Recent Rally of Aussie Dollar May Face a Ceiling Below 0.6900

The recent 7.4% rally in the AUD/USD from its 5 August 2024 low has been driven by a resurgence of risk-on behaviour and the US Fed’s dovish pivot. Weak China’s manufacturing PMI data and housing market are likely to be in the driving seat now to potentially dictate the sentiment of the AUD/USD. Further weakness […]
08/12/2023

Despite Strong USD Spike after NFP Report, Bitcoin Remains in Uptrend

US jobs data for November comes out 199K vs 184K expected. Unemployment rate changed from 3.9% to 3.7%. It appears that what CPI did a month back, the NFP takes it all back on the euro. Some stops must have been cleared out, so possibly that’s a perfect price area for market to stabilize at […]
29/12/2023

USDCAD Stages a Rebound After Sharp Selloff

USDCAD is recovering following December nosedive Positive momentum is gaining traction but sustained rebound not certain yet Is this just a temporary respite? USDCAD is headed for a third straight day of gains as it recovers from Wednesday’s five-month low of 1.3176. The pair’s two-month old slide accelerated in mid-December, pushing the momentum indicators deep […]