The Weekly Bottom Line: Canada Inflation Rises to 40-Year High
U.S. Highlights Existing home sales fell 3.4% in May, extending the losing streak to four months. The months’ supply of inventory recorded an uptick, rising to 2.6. This was up from 2.2 months in April and 2.5 months in May...
JPMorgan Chase tells employees the bank will pay for travel to states that allow abortion
JP Morgan CEO Jamie Dimon speaks at the Boston College Chief Executives Club luncheon in Boston, Massachusetts, U.S., November 23, 2021. Brian Snyder | Reuters JPMorgan Chase, one of the largest employers in the U.S. financial industry, told workers that...
CHFJPY – Taking Advantage of Weakening Yen
First time since 2007, SNB have increased their interest rate by 50 basis points. This occured as soon as the FED raised their interest rates. We saw a surge in the market one that day in CHFJPY. Therefore, the next...
Swiss Franc Extending Rally, Yen Softens as Yields Recover
Swiss Franc is staying as the strongest one for today while markets are rather quiet elsewhere. Yen turns slightly weaker and US and European yields recover. But Dollar is also weak on overall steady sentiment. As for the week, however,...
GBP/USD: Quiet and Directionless Phase Likely to Precede Fresh Weakness
Cable trades in a quiet and narrow-range mode in European session on Friday, with directionless action (long-legged Doji candles in past two days) extending into fourth consecutive day. Friday’s action remained unchanged on negative news as PM Johnson’s Conservatives lost...
GBPJPY Bullish Trend Dims; 20-SMA in Focus
GBPJPY is mirroring fading buying interest as negative momentum escalated on Thursday, confirming a lower high at 167.82. Similarly, the RSI seems to be following a negative trajectory after failing to reach its previous high, while the negative turn in...
USDCAD Shows Weak Signs Below Double Top at 1.2960
USDCAD is showing some weak signs today with the technical indicators confirming this view. The RSI indicator is moving south in the positive region, while the MACD oscillator is holding above its trigger and zero lines, but with softer momentum...
EUR/CHF Extending Decline, Aussie and Kiwi Soft
Overall, the forex markets are pretty much staying in range, except for a few. Aussie and Kiwi are the weaker ones for the week, as weighed down by negative sentiment, as well as falling commodity prices But Dollar isn’t too...
Will Japan’s CPI Inflation Data Move the Yen?
The Bank of Japan has been the black sheep of all central banks, rigidly denying abandoning its ultra-easy monetary policy even if the long-sought inflation pressures have finally showed up in the economy. Investors, however, are less patient than the BoJ, and...
AUD/USD: Aussie Remains in Red as Weak Data Boost Growth Slowdown Fears
The Aussie dollar holds in red for the second consecutive day, following a double-rejection under psychological 0.70 barrier and came under increased pressure on downbeat economic data. Australia’s composite PMI which tracks the activity in manufacturing and services sectors, fell...