Earnings from the big technology companies may have boosted US equity indices but the bar for further gains is rising ahead of the US FOMC meeting next week. That said, the trend remains up and so far, there are no signs of a reversal of the uptrend on technical charts. The quarterly earnings continue to...Read More

AUSTRALIAN DOLLAR FUNDAMENTAL BACKDROP The Australian dollar is trading in the red against the U.S. dollar this Friday morning as risk appetite dwindles. The greenback’s safe-haven appeal has come into play via renewed attacks from Russia in Ukraine US banking concerns. Emergency borrowings from the Federal Reserve increased for the second consecutive week underlining the...Read More

The Japanese yen fell after the Bank of Japan’s (BOJ) left ultra-loose policy settings unchanged, especially the closely watched yield curve control (YCC) policy but removed its forward guidance that pledged to keep interest rates at current or lower levels. About an hour before the release of the BOJ rate decision, USD/JPY had been volatile...Read More

Crude oil slipped lower overnight, filling in the price gap created when OPEC+ announced a cut to production earlier this month. The inability to hold the gains post the squeeze could be suggestive that demand for energy may not be as strong as anticipated going into the Northern Hemisphere summer. The structure of the WTI...Read More

The Australian dollar recouped initial losses against the US dollar after data released showed Australian price pressures remain stubbornly high, keeping alive the possibility of further tightening by the Reserve Bank of Australia. Australia’s CPI rose to 7% on-year in the January-March quarter, Vs 6.9% expected from 7.8% in the previous quarter, and well above...Read More

Most Read: Gold Gains as Yields Sink, Nasdaq 100 Forges Double Top ahead of Key Tech Earnings The U.S. dollar strengthened against the Canadian dollar on Monday, but its advance was limited in a session devoid of major catalysts, with the pair moving between small gains and losses for much of the day, before resolving...Read More

The US dollar rose slightly while global equity markets ended largely flat in the past week as a positive start to the earnings season has been overshadowed by concerns that central banks may not be done with tightening just yet. The MSCI All Country World Index was largely flat, and the US dollar index (DXY...Read More

Lonnie Suffering Alongside Crude Oil Prices The Canadian Dollar underperformed against the US Dollar on Thursday, extending losses that started at the end of last week. USD/CAD is up almost 1 percent this week so far, marking the best week for the currency pair since the beginning of March. What has been driving losses for...Read More

GBP/USD TECHNICAL ANALYSIS GBP/USD advanced on Wednesday, but gains were modest despite a rally in U.K. government bond yields, which rose sharply and more than their global counterparts after March inflation data surprised to the upside. While double-digit inflation may prompt the Bank of England to raise rates again in May, the British pound may...Read More

Gold prices gained slightly over the past 24 hours after the worst 2-day loss since early February. The anti-fiat yellow metal benefited from a cautiously weaker US Dollar as traders continued to fine-tune their expectations of where the Federal Reserve might take interest rates later this year. During Tuesday’s Wall Street trading session, Atlanta Fed...Read More