USDCAD 1.2500 Major Resistance
The US dollar has recovered sharply higher against the Canadian dollar after oil price crashed by nearly ten percent from the weekly highs. The USDCAD pair has moved back towards the 1.2500 resistance level, although bulls are struggling to move...
USDJPY 108.40 In Focus
The US dollar is starting to slide against the Japanese yen currency after the Bank of Japan meeting revealed that the central bank carved out more flexibility for fighting inflation. A key technical battle is now underway as bulls need...
EUR/USD Tests SMAS
Despite piercing the support of the 1.1910/1.1915 zone, the rate did not decline, as it found support in the 1.1900 level. During the morning hours of Friday’s European trading, the rate was testing the resistance of the three hourly simple...
Will The Asian Bull Flattening Roll Over Into European And US Dealings?
Markets Core bonds got hammered yesterday. USTs significantly underperformed the German Bund, reversing much of (short-term yields) or more than (medium- to long-term) the losses in the wake of the Fed policy meeting Wednesday. The yield surge happened even as...
Yields Rise, Stocks and Oil Plunge, Yen Shrugs BoJ
Renewed surge in US treasury yields overnight sent stocks lower. Risk-off sentiments continued in Asian session general. Australian Dollar is currently the worst performing one for the day, weighed down further by weak retail sales data. Canadian Dollar is following...
Market Morning Briefing: Dollar-Yen Has Not Been Able To Rise Above 109.40
STOCKS The rise after the US Fed meeting has not sustained. The global equities have failed to get a strong follow-through buying thereafter. This keeps our broader cautious view of seeing a sharp correction in the equities with limited upside...
First U.S.-China meeting under Biden gets off to a rocky start
U.S. Secretary of State Antony Blinken (2nd R), joined by national security advisor Jake Sullivan (R), speaks while facing Yang Jiechi (2nd L), director of the Central Foreign Affairs Commission Office, and Wang Yi (L), China’s foreign minister at the...