The loonie has barely benefitted from recent rising commodity as markets look through the current near-term price pressures and oil succumbs to some profit taking this afternoon. Hopes that an OPEC+ deal will materialise in due course may not alter …
Market expectations around the RBA meeting early tomorrow morning had shifted in recent weeks after several central banks turned more hawkish. Strong jobs data also helped validate these hopes with the economy recovering faster than the RBA expected. However, with …
Has the dollar gone too far this week? All eyes are on this afternoon’s US non-farm payrolls numbers with the data no doubt giving us direction for July and potentially answering that question. There are three more reports before the …
The dollar is pushing higher again today having enjoyed its biggest monthly rise since November 2016 in June. The hawkish turn by the Fed in its rates outlook, plus a safe haven bid due the rising infection numbers of the …
We wrote about NZD/CAD yesterday and how bearish momentum could see a break through recent lows. AUD/CAD is in a similar position as it too is now approaching a key support zone. Of course, oil acts as a key driver …
The loonie is underperforming today along with its antipodean and commodity peers. However, oil prices are supportive and bond yields also should help underpin more gains in CAD as the global economic recovery continues. NZD/CAD has been in a downtrend …
JPY has been on a bit of a rollercoaster ride in the wake of the surprisingly hawkish recent Fed meeting. Driven by US bond yields, it is now at a crossroads as weaker yields at the long end of the …
Gold has consolidated this week just above the recent lows after selling off dramatically on the hawkish Fed last week. There has been little positive reaction to the recent chorus of Fed speakers, similar to the dollar which is a …
USD/CHF waving a bull flag USD/CHF broke out of the descending channel from April to June we had highlighted in the past, after the hawkish Fed meeting last week. Strong bullish momentum pushed the pair into overbought territory on the …
Consensus expects the MPC to stand pat at the Bank of England meeting even if some are wanting the Old Lady to follow the Fed by increasing their hawkish rhetoric. Markets continue to see the first increase in rates to …
