USDCAD stays range-bound ahead of BoC’s tapering expectation

Canadian dollar sheds profits on Wednesday ahead of the Bank of Canada monetary policy meeting. The bank is expected to keep rates unchanged at 0.25% as well as cutting down its quantitative easing program. The Canadian dollar restored dominance over its peers in March, rising most against the Euro and Yen. EURCAD dropped over 400 […]

The Week Ahead (March 8-12) – US Inflation, CAD Employment, ECB and BoC

It’s a fresh week in the market. Investors were shocked last week as risk-off returned on the ground of the Fed and its peers playing down on inflation. The positive impact of the Covid vaccine has led to the re-opening of economies. This, in turn, has produced better than anticipated economic data which are proofs […]

Market Analysis: Will the NFP pressure the dollar inside the corrective channel?

The Fed Chair ignited another frenzy run in the markets on Thursday as the dollar hits a fresh YTD high. Later today, the employment data release would ensure traders have no time to decompress from Thursday’s massive moves. It’s just what was expected at the start of the week regarding volatility. The US chief central […]

Forex Analysis – How will Pound Sterling react to the UK Budget?

On Wednesday, the UK Chancellor of the Exchequer (Finance Minister) will reveal the country’s latest budget. Traders and investors, among many other things, would like to check a likely tax hike, especially for corporations and big investments. The UK’s debt profile has surged since the pandemic, as so for other countries. The government is indebted […]

Analysis and Forecast of Major Instruments – March 2 Update

The bid for safe-havens was firm in the early hours of the London session on Tuesday as market mood worsens. The dollar has rallied to its highest price in a month. Meanwhile, the  RBA has maintained 10 basis point rate decisions ahead of Wednesday’s GDP data. The market sentiment support risk-off in the early days […]

The Week Ahead (March 1-6) – spotlight on NFP, RBA and Stimulus

A fresh week is starting in the financial market. Traders and investors will expect as much volatility as was seen last week. Ahead of the US employment data, will the dollar add to gains? The market will not be void of big moves this week. The US is expected to push the 1.9 trillion pandemic […]

Daily Analysis: EURUSD retreats ahead of Powell testimony

EURUSD bullish trend remains intact ahead of Fed Chair Powell’s testimony before the US Congress later today. Currently, EURUSD is shedding profit as it’s currently finding minor support at 1.2150. The euro-dollar is primarily being driven by the dollar more than anything else. The inverse correlation between the Dollar Index and EURUSD remains firm. Thus, […]

Cryptos shed $200 billion as Investors book profit – what next for Bitcoin?

In the last 24 hours, the cryptocurrency market has shed over $200 billion in capitalization. Bitcoin price shed over 20% from the new all-time high. Binance Coin jumped to the 3rd most-capped thus displacing Ripple which has fallen out of favour in the current bullish trend. Government Stimulus, QEs and Institutional Adoptions trigger a massive […]

The Week Ahead – Fed Chair and RBNZ to spark a loaded week

The United States will release its Q4 GDP second estimate together with some other fundamentals this week. Meanwhile, currency traders could be more interested in Fed Chair Powell’s testimonies and the RBNZ monetary policy. Aside from the fundamentals, the risk drivers remain vaccine developments, stimulus and the expected global economic rebound.  Last Week Recap It […]

Dollar Index Technical Forecast – who is leading the dollar race?

After a two-day resurgence, the dollar is retreating on Thursday ahead of the New York session. The market mood this week is back in support of the safe-havens as the stock markets stay on the back foot. Earlier in the week, concerns about a new strain of the virus disrupted the bullish risk tone the […]