The Weekly Bottom Line: Inflation Keeps on Persisting

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American Highlights Inflation remained major this week, as economic indicators offered little evidence of moderation in temporary interruptions. The bond market has continued to reassess the...

European Open: RBNZ Hike, FTSE Holds Support, Lira In Freefall

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Asian Indices: Australia’s ASX 200 index fell 0.2 points (0%) and is currently trading at 7,410.80 Japan’s Nikkei 225 index has fallen by -15.72 points (-0.06%)...

USDCAD Gains Curbed By Ceiling Of Trading Range

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USDCAD rests on the 200-period simple moving average (SMA) around 1.2125, after a deviation from the roof of a sideways market that lasted about...

USD/JPY Turns Green As Dollar Extends Rally

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Key Highlights USD / JPY started new growth above the 110.00 resistance zone. It broke a major bearish trend line with resistance near 109.65 on the...

Oil Edges Higher, Gold Eases Lower

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Crude Inventories offset OPEC + nerves Official U.S. crude inventories and gasoline inventories fell much higher than expected amounts overnight, causing an intra-day rise in...

USDCAD Recoils Beneath 200-SMA But Upside Still Active

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The seven-week USDCAD higher trend of the 6-year lows remains structurally intact with formed higher lows and highs, despite the recent pullback from the...

AUD/USD: Aussie Extends Steep Fall to the Lowest in Nine Months

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The Australian dollar extends weakness to fourth straight day and has fallen to the lowest levels since early November 2020 on Thursday. Weaker securities on...

Canada’s Economic Recovery Slows in the Second Quarter

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Real GDP declined 1.1% (year-on-year) in the second quarter, well below consensus expectations for a 2.5% expansion. This left GDP at 2% below...

Aussie Climbs Up ahead of Confidence Data

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The Australian dollar is in positive territory at the beginning of the week and has rallied above the 74 level. AUD / USD...
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