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Markets Strike three. Some dismissed the hotter-than-expected inflation prints in January and February as statistical flukes that would soon be reversed. March delivered another nasty upside surprise. Headline CPI rose from 3.2% to 3.5% vs 3.4% expected while the underlying gauge defied hopes for the tiniest of declines by stabilizing at 3.8%. Low base effects […]

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26/06/2024

Market Analysis: EUR/USD Struggles To Recover While USD/CHF Rallies

EUR/USD is attempting a recovery wave from the 1.0675 zone. USD/CHF climbed higher above 0.8900 and might extend gains in the near term. Important Takeaways for EUR/USD and USD/CHF Analysis Today The Euro declined toward 1.0675 before it started a recovery wave against the US Dollar. There is a key bullish trend line forming with […]
30/10/2024

Bitcoin’s Rush to The Top

Market Picture Bitcoin came within a hair’s breadth of an all-time high on Tuesday night, but the overall crypto market is well off its peak. Total cryptocurrency capitalisation at the overnight peak was $2.46 trillion, down $2.48 trillion from the July peak, almost 12% below the March high of $2.77 trillion and around $400 billion […]
03/02/2024

Canadian Dollar Eyes US Nonfarm Payrolls

US nonfarm payrolls expected to drop to 180,000 The week wraps up with the US nonfarm payroll report later today. The ADP employment report, which was released on Wednesday, fell from 158,000 to 107,000. The ADP report isn’t considered a reliable guide for nonfarm payrolls, but investors still attach significance to it as they hunt […]