Bank of Canada Rate Hike Expected Despite Geopolitical Turbulence
Russia’s invasion of Ukraine is not expected to keep the Bank of Canada from hiking interest rates next Wednesday. Though added disruptions to global supply chains would eventually filter into Canadian trade flows, and higher commodity prices will boost costs...
Stocks making the biggest moves midday: Foot Locker, Etsy, Block, Carvana, Dish Network and more
Etsy displayed on the Nasdaq billboard in Times Square New York. Paul Zimmerman | Nasdaq | Getty Images Check out the companies making headlines in midday trading. Etsy — Shares of the e-commerce shopping platform rallied more than 13% in...
US Core PCE Still Hot; Is 50 bps in the Cards?
The US released a host of data of Friday morning, the most important of which was the January reading of the core personal consumption expenditure price index (Core PCE). The headline PCE Price Index was 6.1% YoY vs 5.9% YoY...
Stocks Extend Rebound, EUR/GBP Turning Around
Global stocks continue to rebound today. The West’s refrain from excluding Russia out of SWIFT was seen as a relief. But still risks remain, in particular if war spreads to NATO countries. Economic data continue to take a back seat,...
EUR/USD Correcting Losses from 1.1106 Low
The Euro started a major decline from well above 1.1320 against the US Dollar. The EUR/USD pair traded below the 1.1265 support zone to enter a bearish zone. There was a move below the 1.1150 level the 50 hourly simple...
Gold Eases Back to $1900, US Inflation Data Due
Gold slips to $1900 after $100 swing yesterday Gold prices are edging lower after some wild swings in the previous session which saw the precious metal rise to $1975 before falling $100 lower. Safe haven flows, as Russian invaded Ukraine...
AUDNZD Wave Analysis
AUDNZD reversed from support area Likely to rise to resistance level 1.0750 AUDNZD currency pair recently reversed up from the support area located between the pivotal support level 1.0670 (which has been reversing the price from January) and the lower...
Nikkei 225 Wave Analysis
Nikkei 225 reversed from support area Likely to rise to resistance level 26875.00 Nikkei 225 index recently reversed up from the support area located between the key support level 26000.00 (which stopped the previous impulse wave (i) in January) and...
Markets Stabilized from Ukraine Crisis, But Risks Remain
Overall, the markets seem to have stabilized from the shocking invasion of Ukraine by Russia, for now at least. US stock markets staged a late and strong turnaround overnight while Asian markets also recovered. Gold is back pressing 1900 handle...
U.S. is the ultimate safe haven for your money during Russia’s war on Ukraine, Blackstone’s Joe Zidle says
The world’s leading private equity firm suggests the U.S. the ultimate safe haven play. According to Blackstone’s Joseph Zidle, it’s largely insulated from the Russia-Ukraine war fallout. “The U.S. is an island of growth,” the firm’s chief investment strategist told...