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Markets This week’s opening session had little to offer, especially not coming on the heels of last week’s spectacular opening week including US activity/labour data and EMU inflation numbers. Their outcome and the market reaction to them suggests that the bullish bond correction since the early November FOMC meeting is over, making way for more […]

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04/01/2024

Technical Outlook and Review

DXY: The DXY (US Dollar Index) chart currently has a bullish overall momentum, suggesting that the US Dollar is exhibiting strength. In the short term, there’s potential for a bullish bounce off the 1st support level, with an aim to move towards the 1st resistance. The 1st support at 101.77 is categorized as a pullback […]
04/07/2024

WTI Crude Oil Moves Sideways in the Very Short-term

WTI crude oil still above SMAs RSI and MACD indicate weakening momentum WTI crude oil futures are continuing to bounce off the 72.45 support level, remaining in an upside mood, but the current very short-term view is neutral. The price stands above the 81.90 support level after the bullish crossover within the 20-, 50- and 200-day […]
07/03/2024

BoC Holds Rates Steady in March With Dovish Lean

The Bank of Canada held the overnight rate unchanged for a fifth consecutive meeting, extending a pause that started after the last hike in July last year. Softer inflation data in January made sure that no hiking bias (dropped in January) would reappear. BoC’s key messaging remains that we’re on the right path to target […]