Day: March 16, 2022
Canadian Dollar Surges on Strong CPI, FOMC Next
Canadian Dollar surges broadly in early US session after stronger than expected consumer inflation reading, which solidifies the case for more tightening from BoC. Though, as for today, Aussie is still the strongest, as helped by the massive rebound in China stocks earlier. Yen is turning soft again but following global risk rebound, and more …
JP225 Index’s Bias Improves But Outlook Remains Bearish
The JP 225 index continues its downtrend move, recording successive lower lows and lower highs as negative momentum lingers. Moreover, the index is currently trading well below its 50- and 200-day simple moving averages (SMAs), reinforcing the overall bearish outlook. Despite the bearish outlook, short-term oscillators are reflecting a positive bias as the RSI is …
JP225 Index’s Bias Improves But Outlook Remains BearishRead More
China says it will support Chinese IPOs abroad, calls for closure on tech crackdown
China signaled support for Chinese stocks on Wednesday, after days of worries about U.S. delisting risks had sent the stocks plunging in New York and Hong Kong.
Dollar Consolidates as Markets Await FOMC Rate Hike and Projections
Dollar is digesting some of this week’s gain as markets are awaiting FOMC rate hike and economic projections. There are a lot questions to be answered given the uncertainty over inflation and the economic impact of Russia invasion of Ukraine. As for today, Aussie and Euro are the stronger ones while Dollar and Yen are …
Dollar Consolidates as Markets Await FOMC Rate Hike and ProjectionsRead More
USD/CHF Gains Bullish Momentum, Fed Decision Next
Key Highlights USD/CHF started a major increase after it broke the 0.9250 resistance. It is up over 150 pips and broke many hurdles on the 4-hours chart. EUR/USD is still struggling below 1.1080, and GBP/USD is consolidating above 1.3000. The Fed Interest Rate Decision is scheduled today (forecast 0.50%, versus 0.25% previous). USD/CHF Technical Analysis …
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