GBPUSD Adopts Neutral Status above 2-year Low
GBPUSD formed a tiny neutral candlestick on Monday above Friday’s closing price of 1.2087 and below the nearby 1.2170 resistance territory. The refusal to return to the two-year low of 1.1932 could be a rosy sign that buyers are absorbing...
Aussie Shrugs RBA Hike, Yen Turning Softer
Aussie is trading in tight range after RBA delivered the 50bps rate hike as expected, and maintained tightening bias. Euro is currently the stronger one for the day, followed by Sterling. On the other hand, Yen is under some selling...
Canadian Business Outlook Remains Elevated Heading into the Summer
Business optimism ticked lower but remained elevated in the second quarter of 2022, according to the Bank of Canada Business Outlook Survey (BOS). The BOS indicator, a statistical summary of survey results, remained elevated at 4.85 in 2022Q2, though down...
Gold Price Analysis: Too Much Pressure
The Gold prices reached stability on Monday not far from $1,812 per troy ounce. The strong American currency still puts much pressure on the precious metal. Despite the significant market turbulence, demand for Gold as a “safe haven” asset is...
Aussie Recovers ahead of RBA Rate Hike, Overall Trading Subdued
Australian Dollar recovers broadly today, following recovery in European markets. Meanwhile, traders are also preparing for tomorrow’s RBA rate hike. New Zealand Dollar is also mildly firmer. On other hand, Yen is turning softer with Swiss Franc and Dollar. Euro...
Aussie Dived But a Bottom Around the Corner?
Extending fall in commodity prices and recession fears were the main theme in the markets last week. Australian Dollar ended as the worst performer, followed by New Zealand Dollar, and then Sterling. However, Canadian Dollar was surprisingly the strongest one,...
Week Ahead: RBA, FOMC Minutes and Non-Farm Payrolls
Volatility may pickup later in the week as the RBA makes its decision on an interest rate hike and the US releases FOMC Minutes, as well as NFP. Central Bank heads were in the spotlight last week at the European...
Stocks making the biggest moves midday: Micron, Kohl’s, Meta Platforms and more
These are the stocks posting the largest moves in midday trading. Signal2frex feedbacks
FTX signs a deal giving it the option to buy crypto lender BlockFi
Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, at the Bitcoin 2021 conference in Miami, Florida, on June 5, 2021. Eva Marie Uzcategui | Bloomberg | Getty Images FTX has signed a deal giving it the option to buy crypto lending...
Weekly Economic & Financial Commentary: U.S. Recession Is Likely, and Global Contagion Is Unavoidable
Summary United States: Running on Empty Consumers staying power is showing signs of running out as inflation persists and confidence moves sharply lower. While consumers still have the ability to rely on their balance sheets to support spending, it’s uncertain...