Share: The Bank of Canada (BoC) Governor Tim Macklem said on late Thursday that there are some reasons to believe that the neutral interest rate is more likely higher than lower. Market reaction The comments above has little to no impact on the Canadian Dollar. The USD/CAD pair is trading lower on the
Share: Gold price extends upside as Israel prepares to attack Hamas group. Fed Chair Powell supported neutral interest rates amid higher US bond yields. 10-year US Treasury yields jump above 4.9% amid unsustainable Congress budget deficits. Gold price (XAU/USD) rose sharply as Middle East tensions kept escalating and the Federal Reserve (Fed) Chair
Share: AUD/USD traded in the 0.6360 – 0.6400 range on Wednesday. USD gained momentum after ISM Service PMIs and the Fed’s Beige Book releases. The odds of one last hike by the Fed are gaining more relevance. In Wednesday’s session, the AUD/USD traded neutral but remained vulnerable below 0.6400. On the one hand, strong
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Share: EUR/JPY bulls defended the 20-day SMA, and the cross established itself above 156.00. Factory orders from June unexpectedly rise by 7%. BoJ’s hawkish signals and rising Japanese yields may limit the pair’s gains. On Friday, the EUR/JPY traded above the 156.00 zone, boosted by a stronger Euro following industrial data from June
It is Friday, so it is a good time to look back at the price action this week and then look forward to what the price action tells us going forward into the new trading week. Looking at the GBPUSD on the hourly char this week this weekt above, the price today moved to a
