EUR/USD Pair Moved into a Bearish Zone Below $1.0880
The Euro started a fresh decline from the 1.0925 resistance zone against the US Dollar. The EUR/USD pair declined below the 1.0880 level to move into a bearish zone. The price even traded below the 1.0800 level and the 50...
Canadian March Inflation to Breach 6%
Next week’s Canadian CPI report is expected to show a further acceleration to 6% in March. That would top the 5.7% February reading that was already the highest since 1991. Soaring gasoline prices are expected to account for almost a...
The Weekly Bottom Line: Inflation Surge Continues
U.S. Highlights Overall inflation as measured by the CPI accelerated to 8.5% year-over-year (y/y) in March, marking yet another multi-decade high. Core inflation, which excludes food and energy, ticked up a tenth of a percentage point to 6.5% y/y. Small...
USD/JPY Hits New Multi-Year High, 130 Next?
Key Highlights USD/JPY started a fresh surge and traded above 125.00. A major bullish trend line is forming with support near 125.75 on the 4-hours chart. It traded to a new multi-year high at 126.59 and might continue to rise....