Crude Oil Price Maintains Bullish Momentum
US equities turned positive on Wednesday after strong quarterly earnings by Morgan Stanley, Bank of America, and Procter & Gamble. The two banks published better-than-expected results, which were helped by the rising loan growth and investment banking revenues. P&G, on...
Crude Oil Price Extends Rally Above $85
Key Highlights Crude oil price started a fresh increase above the $80.00 resistance. A key bullish trend line is forming with support near $83.50 on the 4-hours chart of XTI/USD. EUR/USD declined to 1.1310, and GBP/USD found support near 1.3565....
Canadian CPI at 30-Year Highs, USD/CAD Bears Remain in Control
In an otherwise quiet morning for economic data, Canada released its closely-watched CPI data for December. On a headline basis, prices actually fell -0.1% month-over-month as expected, but you can bet that the evening news will latch onto the fact...
Equities Under Fire, Dollar Shines as Yields Soar
Stocks remain under pressure as traders position for Fed hikes Dollar outperforms, yen benefits from risk aversion, euro hammered Oil prices keep going, Canadian inflation stats in the spotlight All about the Fed Bets that the Fed will take a...
US Bond Yields Had a Roaring Start
Markets US bond yields had a roaring start coming out of a long weekend during early morning trading hours. We’ve distinguished some general drivers for the aggressive bond selloff. First, there was already some general yield momentum lingering as suggested...
UK launches crackdown on ‘misleading’ cryptocurrency ads
The crypto ecosystem has expanded significantly in recent years. While institutions such as the IMF are starting to embrace its innovation, they are also calling for investors to exercise caution. Jakub Porzycki | NurPhoto via Getty Images LONDON — The...
GBP/USD Looks for a Correction: Elliott Wave Analysis
GBPUSD was even higher last week after a break above the channel resistance line on the daily chart, so we believe that the pound has bottomed at 1.3130 area, and that we are going to see more upside after any...
GBPUSD Turns South after Reaching 200-Day SMA
GBPUSD is reversing following the advance to the 1.3745 level, which represents a nearly three-month high. Although the price declined following the touch of the 200-day simple moving average (SMA), it remains above the long-term declining channel. The MACD oscillator...
Could Canadian Inflation Power Loonie’s Rally?
The Canadian dollar could face fresh volatility when December’s CPI inflation data come out on Tuesday at 12:30 GMT. Forecasts point to another pickup and investors are highly confident that the central bank could raise interest rates as soon as...
AUDUSD’s Bearing in Question as Gradual Ascent Struggles
AUDUSD turns somewhat neutral as the pair’s improvements have failed to take flight for around one-and-a-half-months now. Currently, the simple moving averages (SMAs) are not implying a specific trend is in place, while the Ichimoku lines are also indicating weak...