What do you think will happen to ALL Pound pairs if BoE hikes the rate to 4.0% prior to the NFP release?
What do you think will happen to ALL Pound pairs if BoE hikes the rate to 4.0% prior to the NFP release?
Canadian interest rate hike could possibly drive the Canadian dollar higher in gain
Key Take-Aways Above the 1.2350 resistance, the GBP/USD pair began to rise once more. On the 4-hours chart, a converging […]
Key Take-Aways Technical Analysis of EUR/USD Above the resistance level of 1.0750 against the US Dollar, the Euro entered a […]
Key Take-Aways Technical Analysis of USD/JPY The US Dollar began a new drop against the Japanese Yen from much above […]
BTC/USD overcame significant resistance to enter a short-term
Key Take-Aways Price Technical Analysis of Gold The price of gold against the US dollar developed a base over $1,850. […]
Key Take-Away Technical Analysis of GBP/USD In relation to the US Dollar, the British Pound began a new uptrend over […]
Key Take-Aways Technical Analysis of USD/JPY Against the Japanese Yen, the US Dollar was unable to overcome the 134.80 barrier […]
Key Take-Aways Technical Analysis of Crude Oil The $81.50 resistance level for crude oil against the US dollar marked the […]
In relation to the US Dollar, the British pound found support at about 1.1845. GBP/USD began a new rise and overcame a significant obstacle close to 1.2000.
The EUR/USD pair recently begun a new climb after testing the 1.0480 area.
Key Take-Aways Technical Analysis of USD/JPY The US dollar’s fall versus the Japanese yen continued below the 132.00 mark. Near […]
Key Take-Aways Technical Analysis of Gold Over the $1,780 mark, the gold price established a ground versus the US dollar. […]
Key Take-Aways Technical Analysis of USD/JPY The 138.00 resistance level versus the Japanese Yen marked the beginning of another drop […]
Key Take-Aways Technical Analysis of the Bitcoin Price Before the bears showed up, the price of bitcoin surged above the […]
In relation to the US Dollar, the British pound advanced past the 1.2300 level.
In relation to the US Dollar, the Euro accelerated above the 1.0620 resistance level.
The USD appreciated against the JPY
Key Take-Aways Above the $73 resistance, the price of crude oil began to rise again. On the 4-hours chart, it […]
The Euro began to rise steadily against the US Dollar above 1.0420. Even the EUR/USD traded above 1.0500 to enter the positive territory.
Below the 142.00 support level for the Japanese Yen, the US Dollar began a significant drop.
In relation to the US dollar, gold’s price built a base above $1,725 per ounce. over the …
The 1.1900 support level versus the US Dollar marked the beginning of a new climb for the British pound. GBP/USD picked some speed to move past the 1.2000 resistance level.
EUR/USD gaining massively…
In relation to the US Dollar, the British Pound began a new uptrend over the resistance at 1.1800.
The USD/JPY pair began another fall after failing to break through the 142.25 area.
Key Take-Aways GBP/USD increased and made a challenge of the 1.2000 resistance level. On the 4-hours chart, a significant bullish […]
EUR/USD begins correction and main support closely
The US Dollar’s significant drop versus the Japanese Yen began well above the 148.00 mark. Below the 146.50 and 145.50 support levels, USD/JPY fell.
price of crude oil declines, major support holds strong
Key Take-Aways From the $15,540 region, the price of bitcoin began an upward correction. On the 4-hours chart, a crucial […]
GBP/USD broke the 1.1800 resistance, 1.1600 stood as support
As the United States Comsumer price index falls below 8%, the USD/JPY drops
Above the 0.5800 resistance, the NZD/USD pair began to rise once more.
The British pound was still strongly bid against the US dollar over the 1.1120 mark
Above the 0.9900 resistance level, the EUR/USD began to rebound. On the 4-hours chart, it broke through a significant bearish […]
From the 145.50 support region, the US Dollar made an additional attempt to rise against the Japanese Yen.
Bitcoin could possibly gain higher in the near term
n relation to the US Dollar, the Euro began to rise steadily over the resistance level of 0.9900. The EUR/USD broke through resistance at 1.0000 and continued to climb.
After testing the 152.00 resistance level versus the Japanese Yen, the US Dollar began a significant drop. To enter a short-term negative zone, USD/JPY fell below 150.00 and 149.50.
The EUR/USD pair began to recover and was able to move past the 0.9780 barrier.
The USD/JPY began a sharp rise and touched the 150.0 ceiling. On the 4-hours chart, a significant bullish trend line […]
Key Take-Aways Above the 1.1350 mark, the GBP/USD pair began a respectable recovery wave. On the 4-hours chart, it broke […]
key Take-Aways The EUR/USD pair started a new fall after failing to rise over 1.0000. On the 4-hours chart, a […]
In relation to the Japanese Yen, the US Dollar began a new rise above the 145.00 resistance level. USD/JPY exchanged hands at a new multi-year high, even breaking over the 147.00 mark
Key Take-Aways From the $1,729 resistance area, gold’s price began a new descent. On the 4-hours chart, it fell below […]
Key Take-Aways Above the 144.50 resistance, USD/JPY began to rise once more. On the 4-hours chart, it broke through a […]
Key Take-Aways Below the $1,650 level, gold prices continued to decline. On the 4-hours chart, a significant negative trend line […]
The British pound began a significant drop versus the US dollar from well above 1.1000. GBP/USD fell by more than 500 pip to a new low.
Key Take-Aways Below the 0.9900 support level, the EUR/USD fell sharply. On the 4-hours chart, it broke a significant bullish […]
Against the Japanese Yen, the US Dollar maintained its positive territory over the 142.00 mark. Before the bears showed up, USD/JPY moved to a fresh multi-year high at 145.90.
Over the 1.3200 level, the US Dollar’s significant rise versus the Canadian Dollar began. USD/CAD overcame the resistance at 1.3400 to go into a bullish area.
From the area of 0.6920 against the US dollar, the Australian dollar started a new drop. The AUD/USD pair dropped below the 0.6840 level and entered a negative area.
The US Dollar/Euro exchange rate encountered significant resistance close to 1.0197. The EUR/USD pair launched a new fall and traded beneath the 1.0060 level of support.
Main Points AUD/USD continued losses and transacted beneath the 0.6750 support A major bearish trend line is set up with […]
The pivot point of 0.6300 for the New Zealand dollar against the US dollar remained unbroken. The NZD/USD pair fell below the 0.6150 and 0.6100 support levels, entering a more negative area.
After a closure below 1.1650, the GBP/USD pair picked up gains.
When compared to the US Dollar, the Euro began a significant drop from well above 1.0100. The EUR/USD pair moved into a bearish zone after settling below the parity line.
In relation to the Japanese Yen, the US Dollar began a significant rise over the 138.00 resistance level. Near 138.80, USD/JPY picked up speed and cleared many significant obstacles.
The price of gold versus the US Dollar has had difficulty accelerating above the $1,800 barrier level. Below the support levels of $1,780 and $1,750, the price began a sharp drop.
In relation to the US Dollar, the Euro tried to make a recovery wave from the 0.9900 region. The EUR/USD rose over the resistance levels of 0.9980 and 0.95, but gains were modest.
The Aussie Dollar started a major decline from well above 0.7100 against the US Dollar. AUD/USD traded below the 0.7000 support zone to move into a bearish zone.
Against the US Dollar, the British Pound was unable to overcome the 1.2250 resistance level. GBP/USD began a significant fall and traded beneath the crucial 1.2000 support region.
In relation to the US dollar, gold’s price increased quickly above the $1,750 resistance level. The resistance levels of $1,760 and $1,780 were overcome by the price.
In relation to the US Dollar, the Euro accelerated above the 1.0220 resistance level. Before the bears materialized, EUR/USD even cleared the 1.0250 and 1.0300 levels.
The US Dollar’s significant drop versus the Japanese Yen began well above the 138.00 mark. The USD/JPY fell below the 135.00 support level and entered a negative area.
In relation to the US Dollar, the New Zealand Dollar established a base above the 0.6250 mark. NZD/USD continued to go upward and broke over the 0.6300 resistance.
Over the 0.6900 mark, the Australian dollar started to rise steadily against the US dollar. The resistance level of 0.6950 was overcome by AUD/USD, allowing it to enter a bullish zone.
Against the US Dollar, the British Pound attempted an upward break over the 1.2300 resistance. GBP/USD produced a short-term peak near 1.2293 after failing to move higher.
Above the 1.0150 resistance level, the Euro began a descent upward movement against the US Dollar. Before the bears showed in, EUR/USD even traded above 1.0220.
When compared to the Japanese Yen, the US Dollar fell sharply below the 135.00 support. Before there was an upward correction, USD/JPY went as low as 130.42.
The price of crude oil began a new fall after struggling to break through the $103.50 barrier area.
The EUR/USD exchange rate rose above 1.0120 to enter a positive territory.
The AUD/USD pair bounced back over the 0.6800 barrier level to enter the positive territory.
The British pound began an upward correction from the area of 1.1900 to 1.2000 versus the US Dollar,
The 0.9950 area against the US Dollar marked the beginning of the Euro’s upward correction. Although the EUR/USD is back above 1.0150, it now faces some significant obstacles.
Important Points A significant obstacle is blocking the EUR/USD close to 1.0225. On the 4-hour chart, a crucial bearish trend […]
Key Take-Aways From 139.40, USD/JPY started to correct downward. On the 4-hours chart, it is up against resistance at 138.80 […]
After falling below $100, the price of crude oil continued to decline against the US dollar. Before starting a new climb, the price tested the $90 range.
The British pounds began a significant drop against the US Dollar from far over the 1.2200 region. GBP/USD even hit the 1.1760 region after breaking through the 1.2000 support.
From the 137.00 high against the Japanese Yen, the US dollar began a downward reversal. However, the bulls were active near 135.00 as USD/JPY moved below the 136.50 support level.
The price of gold sought to rise above $1,810 versus the US dollar. However, the price began a new drop after failing to rise beyond $1,815 earlier.
The 1.2400 resistance area of the GBP/USD marked the beginning of a new slide for the British pound. The GBP/USD exchange rate dropped below the 1.2200 support level and entered a negative zone.
In relation to the US Dollar, the Euro had trouble breaking through the 1.0800 resistance level. Although the bulls were aggressive above the 1.0620 level, the EUR/USD corrected lower.
USD holds firm in an uptrend skyward 135.00 against JPY. USD/JPY further traded to a fresh multi-year high at 137.00.
AUD began a key drop from well above 0.7200 zone against the USD. AUD/USD transacted below the 0.7050 support zone to move into a bearish zone.
GBP dropped swiftly from the 1.2660 zone against the USD. GBP/USD transacted as low as 1.1933 before a new rise.
GBP dropped swiftly from the 1.2660 zone against the USD. GBP/USD transacted as low as 1.1933 before a new rise.
EUR swiftly dropped from the 1.0780 zone against the USD. EUR/USD transacted as low as 1.0359 before its new increase.
The US Dollar is maintaining ground with a massive gain above 130.00 against the Japanese Yen. USD/JPY pair gained speed beyond the 132.50 resistance and projected higher.
The price of gold experienced a sharp decline from the $1,875 resistance region against the US Dollar. It transacted at a price below the $1,850 support and strived to drop towards $1800 but was wedged by strong support levels.
April experienced another solid increase in jobs at 428,000 compared to the forecast of 390,000 despite the business struggling to find suitable staff. Although wage pressures were not as intense as expected, this is likely to be a temporary lull as labor market tightness will keep upward pressure on inflation.
Retail sale is an economic indicator in the United States that keeps inventory of the demand for finished goods, by measuring the purchases of durable and non-durable goods over a defined time. It is the primary gauge of consumer spending, which accounts for the majority of the overall economic activities.
The year kicked off with gains across virtually all retail sectors, U.S. retail sales excluding auto increased 7.2% year over year, with online sales growing 10.4% compared to this time last year, even with the shadow of Omicron and elevated inflation, consumer spending was sustained by pent-up savings, wage growth and continued reopening of the economy.
The Overnight Rate is the interest rate at which major financial institutions in Canada borrow and lend overnight funds among themselves.
Short-term interest rates are predominant factors in currency valuation. This is highly correlated with the economic outlook as its changes can impact both inflation and recession.
Two years into the COVID-19 pandemic, government responses still have gaps that fail to include some small businesses hit hardest by lockdowns and renewed restrictions tied to the Omicron wave, as Canadian restrictions to tackle COVID-19 will likely come at a cost of slower economic growth at the start of the year than other developed economies, notwithstanding that has not stopped investors from raising bets on interest rate hike.
With the Bank of Canada set to be the first major central bank to hold its first policy meeting of 2022, Experts are expecting an interest rate rise of at least 25 basis points to 0.5% which has remained at 0.25% after it was lowered from 1.75% in March 2020, as Senior economist Jean-Francois Perrault believes central Bank of Canada could be forced to act sooner than anticipated and forecast rate to hit 2% by the end of 2022.
Last month, the Bank of Canada signaled that it could hike its interest rates as soon as April 2022. In its deliberation, due to high energy prices and supply chain bottlenecks, they speculated that inflation would stay above 4.8% target in the long-term next year and then ease to 2.1% in the fourth quarter of 2022. In response to the hawkish statement, the Canadian Dollar gained higher at 0.4% against the US Dollar(greenback).
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