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Forex
EUR/JPY Price Analysis: Bearish sentiment takes over, 20-day SMA lost
The daily RSI for EUR/JPY highlights a decline from overbought levels to negative territory, depicting seller dominance.
Similar to the RSI, the daily MACD…
Mexican Peso appreciates on risk appetite improvement, soft US Dollar
Mexican Peso hits weekly high of 16.90 versus USD after Fed maintains current policy.
The Mexican currency stays strong despite lower Mexico Business…
GBP/JPY fails to spark a rebound after a second possible BoJ ‘Yentervention’
BoJ suspected of stepping into FX markets twice in one week.
Market estimates suggest BoJ interventions have cost ¥9 trillion.
Yen markets set for a quiet…
Gold price slumps amid falling US yields, weak US Dollar
Gold stabilizes at $2,305, down 0.60% amid positive sentiment, lower US Treasury yields, softer USD.
Fed holds fed funds rate, tweaks to QT program…
Dow Jones Industrial Average claws higher but risk appetite weighed down by rate expectations
Dow Jones recovers 38,000.00 in thin bullish momentum.
Market expectations for Fed rate cuts are widening.
Friday’s NFP labor figure to be a key print for…
Canadian Dollar finds room on the top end as markets recover on Thursday
Markets recovering from Wednesday’s Fed showing.
Canada data prints low-tier on Thursday, but BoC’s Macklem makes second appearance.
US NFP Friday looms…
US Dollar sees mild gains following jobless claims, less hawkish Powell
Fed Chair Powell signals inflation still remains high despite significant easing, suggesting an uncertain path forward.
Powell acknowledges that strict…
Oil unable to hold gains with Hamas signaling it is open for a ceasefire deal
Oil took it on the chin with a 5.5% in just three trading days.
WTI Oil's recovery to $80 gets cut short by positive news from Hamas.
The US Dollar Index…
BoC’s Macklem: Canadian inflation to stay close to 2.9% for next several months
While speaking before the House of Commons Finance Committee on Thursday, Bank of Canada (BoC) Governor Tiff Macklem said Canadian inflation rate will probably…
US Unit Labor Costs rise 4.7% in Q1 vs. 3.2% expected
Unit Labor Costs rose more than expected in the first quarter.
US Dollar Index stays below 106.00 after the data.
Unit Labor Costs in the nonfarm business…