WTI Oil: On Track for a Potential Recovery After 2-month of 12% Decline

DXY: The DXY (US Dollar Currency Index) chart is currently experiencing a bearish overall momentum, indicating weakness in the US Dollar. According to your analysis, there is potential for a bearish continuation towards the 1st support level. The 1st support at 102.66 is considered a significant level of support due to its categorization as a […]

BoJ hiked its overnight interest rate to 0.25% and announced its “Quantitative Tightening” plan, without much major surprises. USD/JPY sold off but still hovering above its 151.70 key short-term support. Cannot rule out the possibility of another minor mean reversion rebound in USD/JPY before a bearish impulsive down move sequence unfolds with next medium-term support […]

Headline CPI inflation edged lower in August to 2.0% year-on-year (y/y), versus 2.5% y/y in July, and just below consensus expectations of 2.1% y/y. Goods prices have fallen into deflation at -0.7% y/y, with gasoline prices down 5.1% y/y. Additionally, Statcan noted greater discounting on clothing and footwear during the back-to-school shopping period. Services prices […]