BoC might raise rates by 50bps in September. Canada’s inflation is showing signs of peaking. Falling commodity prices are hurting Canada’s economy. The Canadian dollar remains under pressure amid a stronger greenback. This year, the BoC has already increased rates four times. To combat four decades of excessive inflation, it most recently raised the benchmark Read More…
Euro continues to weaken against the US Dollar Gaussian Channel creating great short opportunities The Euro could reach parity against the dollar The Euro has weakened against the dollar since the beginning of 2021, with lower lows printed consecutively on the daily chart. Prices have retraced to the 50 Exponential Moving Average (EMA) countless times Read More…
The US dollar is gaining ground on hawkish comments from Fed officials. US treasury yields are on the rise, making gold less attractive. Some policymakers are open to a 75bps rate hike from the Fed. Gold prices fell to a three-week low on Friday. The yellow metal is on track to experience its first negative Read More…
Fed Minutes leave markets unchanged ES trading near the long-term trend line Pullback entries giving positive results on lower time frames Yesterday, August 17, the Fed released its meeting minutes which has left most indices unchanged for the most part. ES futures are approaching the upper trend line, which has held since the start of Read More…
US crude stocks fell by 7.1 mln barrels in the past week. Russia to boost oil output in the wake of strong Asian demand. The market anticipates Iran’s response regarding its Nuclear proposal After reaching a six-month low, crude oil prices increased on Wednesday by approximately 1.5% as concerns over rising Russian output and exports Read More…
Gold consolidating ahead of Fed Minutes Dollar weakness could fuel a short-term rally in the yellow metal It remains to be seen if the key support level at $1780 will hold Today, Wednesday, August 17, the federal reserve will comment on their view of the economy and how they will approach fiscal policy for the Read More…
