Canadian Dollar Forecast: US Inflation Data to Set the Tone for USD/CAD
The rally in oil prices should support the Canadian dollar, but the September U.S. inflation report is likely to be more relevant for USD/CAD’s near-term direction.
Read More »End of June & PCE release!
Yields extended slightly lower on the heels of data that came in a little below expectations, including tepid consumption and below consensus deflators. Some month- and quarter-end jockeying is adding…
Read More »WTI Price Analysis: Bulls eye 115.00 on a descending triangle breakout
West Texas Intermediate (WTI), futures on NYMEX, is advancing higher after printing a low of $92.65 on April 11. The oil prices are galloping higher a
Read More »USD/JPY Pullback May Continue as Traders Eye Chinese PMI Data Amid Risk-Off Move
The Japanese Yen strengthened for a second day as Wall Street traders shifted out of equities as oil prices rose on a large US inventory draw. China PMI data is…
Read More »Wall Street stocks rally, oil prices fall ahead of Fed meeting
Original source: https://www.investing.com/news/economy/asia-stocks-skid-as-ukraine-war-chinas-covid-surge-weigh-2784544
Read More »Chart Patterns And What They Can Teach Us – Video
Chris Vermeulen joins Dave Russell from GoldCore TV to discuss the chart patterns that could help us interpret future moves in the stock markets. Specifically under discussion are the potential next moves…
Read More »CADJPY – Central Bank meetings still can’t set a new direction
CADJPY, H4 This is another pair that enters the base adjustment mode before entering the new month. After moving up continuously since late September the Canadian Dollar was driven by…
Read More »BoC rate decision & US Durables kick off!
USDCAD fell from near 1.2410 to 1.2309 following the BoC announcement, where rates were left unchanged, as expected, and the Bank’s QE program was ended. The BoC moved its time frame…
Read More »ADP up but it is still the same story after all
A slightly better than expected ADP report has taken some of the bearish edges off of Wall Street futures. But it is still the same story with stagflation risks, multi-year…
Read More »Oil market hold near 7-year high
USOIL is trading just over $78 per barrel, while UKOIL has spiked to $82.70, both above the highs seen yesterday after OPEC and its allies confirmed that they will be…
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