Blogs

<p>USD/CAD is on track to close above 1.3500 for the first time this year after climbing nearly a full cent in the aftermath of today's Bank of Canada rate decision.</p><p>The consensus belief on the move higher in the pair today (i.e. the decline in CAD) is that it was because the Bank of Canada took […]

<p>I'm really starting to get the sense that these guys are crazy. This report doesn't say how much damage was done to the ship (I'm guessing it wasn't much) but you simply do not attack the US military and expect to survive. If anything, you expect an overwhelming response.</p><p>If anything, the surprise so f

<p>Yesterday, the USDCHF experienced an upward movement, reaching a key swing area between 0.8711 and 0.87314. The pair initially moved away from the 38.2% retracement level of the downward trend from the October high to the December low, which is at 0.86803. Despite this, the market couldn't maintain its upward momentum. When the price

<p>The S&amp;P 500 has notched three straight closing record highs and looked to be cruising on its way to a fourth earlier today. However the index has now given back most of its gains with the S&amp;P 500 up 15 points after rising as much as 35 points.</p><p>The index is now chewing into the session-opening […]

<p>Tesla will report earnings after the close </p><ul><li>EPS is expected at $0.73 per share vs $1.19 in the same quarter last year. </li><li>Revenues are expected at $25.62 billion revenue vs. $24.32 billion in the same quarter last year.</li><li>Full-year earnings are projected to decline by 22% to

<ul><li>Prior was 3.801%</li><li>Bid to cover 2.31 vs 2.50 prior</li></ul><p>A tail of 2 basis points is going to push broader Treasury yields higher. Is supply a problem again? This was the largest tail since Sept 2022.</p> This article was written by Adam Button at www.forexlive.com.

<p>The Bank of Canada dangled some hints that interest rate cuts are coming later this year but offered no clear indications on when that might be.</p><p>With that, CIBC left its forecast for the first cut in June and 150 bps in total cuts, with a 50 bps cut possible at some point. They say that […]

<p>European traders are heading for the exits with stock gains in their pockets. </p><p>The snapshot of the closing levels are showing:</p><ul><li>German DAX +1.58%</li><li>France CAC +0.91</li><li>UK FTSE 100, 0.56%</li><li>Spain's Ibex was 1.16%</li><li>Italy

<p>It has been an unpleasant month for oil traders. Crude has risen $4 this month but it's been a rough road getting there with repeated whipsaws intraday and extreme choppiness in trading.</p><p>Headlines about the Red Sea have been faded over and over again despite bullish implications and fears of an OPEC breakdown remain

<p>IN this video, I focus on the technicals that are driving the three major commodity currency pairs including the USDCAD, AUDUSD and NZDUSD. </p><p>What is the bias and why? What needs to happen to keep the bias in play? What are risk? What are targets?</p> This article was written by Greg Michalowski at www.forexlive.com.