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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...
UK retail sales grew unexpectedly in April despite consumer confidence sliding to a record low as soaring inflation boosted the cost of living further. Retail sales expanded 1.4 percent monthly, reversing a revised 1.2 percent decline in March, data published by the Office for National Statistics showed Friday. more...
The value of core machine orders in Japan was up 7.6 percent on year in March, the Cabinet Office said on Thursday - coming in at 869.5 billion yen. more...
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