While the peace talks optimism may be fading, the euro is continuing to make back some of its losses since Russia entered into Ukraine in late February. News of oil potentially being released by the US is a positive due …
Firmer energy prices and low volatility in equity markets are helping to support the loonie. The former especially is a tailwind going forward, even with the potential more positive peace talks ongoing between Ukraine and Russia. Oil markets are already …
The last week of March kicked off with another whippy but positive day in US stock markets. The three main sectors that are in the green for the year all underperformed. Energy, materials and financials were the laggards as volatility …
The last week of the month has kicked off with another big move in yen pairs. The major hit 125 and has pulled back after the BoJ intervened in bond markets to try and cap bond yields. This comes at …
Yen crosses have been in focus this week. Weakness in JPY has seen some pairs make new record straight day gains and multi-year highs, especially against the commodity currencies. GBP/JPY has also posted a new top not seen since May …
There is much attention on the exceptionally extended selloff in the yen this week. The record number of up days in CAD/JPY is showing no end in sight. But one CAD cross could be moving higher with a delayed potential …
Rising inflationary pressures are putting added demands on central banks to raise rates sooner and more than previously forecast. This points to an earlier-than-expected hawkish turn by the RBA as economic data also hots up. Of course, commodity price strength …
We wrote two weeks ago about the ascending triangle in USD/JPY. The chances of an upside breakout were high with targets towards 118.66 and beyond. Fast forward and Fed Chair Powell’s speech yesterday has propelled the major beyond here and …
Pro-cyclical currencies have been on a tear recently as commodities have raced higher on the Ukraine conflict. Prices of all sorts of metals and agricultural commodities are expected to remain elevated for a prolonged period. The aussie has been bid …
The fall in market volatility and bid in global equities has helped CAD this week. The major is enjoying its fourth days of gains and much will depend on external developments and the Ukriane crisis for more outperformance. Firmer crude …
