On the calendar for the session ahead. From the Federal Reserve Board we have Governor Lisa Cook speaking: gives acceptance remarks before a Lifetime Achievement […]
Credit Agricole: What 50 years uf US history tells us about the next 6-12MCredit Agricole: What 50 years uf US history tells us about the next 6-12M
Credit Agricole examines historical FX market trends surrounding past Federal Reserve easing cycles and US recessions, offering a forecast template for the next 6-12 months. […]
Focus is shifting back to the large US fiscal deficitFocus is shifting back to the large US fiscal deficit
There is a bit of mystery about why the US economy is so resilient this year and it’s increasingly clear to me that there’s one […]
The USDCAD moves higher & away from moving avg. support.Can the buyers keep the momentum.The USDCAD moves higher & away from moving avg. support.Can the buyers keep the momentum.
The USDCAD is running to the upside and in the process is moving away from the 100/200 bar MA on the 4-hour chart. Both of […]
Crude oil futures settle at $83.71 a barrelCrude oil futures settle at $83.71 a barrel
The price of the WTI crude oil futures are settling at $83.71 – its highest close since October 27, 2023. The price is up $0.54 […]
April seasonals: Soggy weather, sizzling marketsApril seasonals: Soggy weather, sizzling markets
March seasonals provided a good clue for what might happen in the month. For starters, March is the second-strongest month for USD/JPY and that was […]
USDCHF buyers are back in the drivers seat. Price moves back above the 38.2% retracement.USDCHF buyers are back in the drivers seat. Price moves back above the 38.2% retracement.
The USDCHF is moving sharply to the upside as the market reacts to the better-than-expected ISM data. In the process, the price has moved back […]
AUDUSD moves lower on USD buying and falls back below a retracement levelAUDUSD moves lower on USD buying and falls back below a retracement level
The AUDUSD has moved to a new low going back to March 5, and in the process has broken below its 61.8% retracement of the […]
Oil rises to the highest since October as Israel bombs Iran’s consulate in DamascusOil rises to the highest since October as Israel bombs Iran’s consulate in Damascus
Israel bombed the Iranian consulate in Damascus, killing a general and five others. It’s rare to see diplomatic buildings targeted in the long-running fight and […]
The EURUSD is running lower and looks to test a swing area on the dailyThe EURUSD is running lower and looks to test a swing area on the daily
The EURUSD is following the US dollar higher (with a move lower). THe pair is trading at its lowest level since February 16, and in […]