The Euro stabilized last week as the European Central Bank signaled that it would raise its main interest rate by July. The economic calendar offers few meaningful data releases; speeches by ECB President Christine Lagarde will garner the most attention. Daily price is located below Ichimoku cloud inside symmetric triangle pattern within 1.0349/1.0606 support/resistance levels waiting for direction of the strong bearish trend to be continuing ...
Gold prices ended a 4-week losing streak as recession worries multiplyMarkets translated growth fears into a cooler outlook for interest ratesHawkish tone from Fed, other top policymakers may reboot the selloff more...
The Canadian Dollar is backed by one of the most aggressive central bank rate forecasts amongst the majors while growth forecasts are holding up pretty well. Despite that, the currency has generally performed well. Could this over-stretched optimism set the Loonie up for a reversal? Daily price broke Ichimoku cloud to above for the primary bullish reversal: the price is on secondary ranging waiting for direction. more...
The US Dollar lost its footing last week as markets grew more concerned about a recession. FOMC minutes and the Fed'd preferred inflation gauge could offer the USD some life ahead. Next week could revive some life back into the US Dollar. All eyes are on the FOMC meeting minutes, where the document will reveal further details about this month’s 50-bases point rate hike. A hawkish tone coupled with confidence in the economy could bolster tightening ...
The Australian Dollar has a sound economic story, but with the Fed racing against time, the US Dollar is soaring. Will AUD/USD continue to bounce off recent lows? AUD/USD is being driven by a US Dollar that has been strengthening against most currencies. more...
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