Latest Market News

EURCAD, “Euro vs Canadian Dollar” EURCAD is trading at 1.4477; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s upside border at 1.4445 and then resume moving upwards to reach 1.4740. Another signal in favour of a further uptrend will be […]

USDCHF, “US Dollar vs Swiss Franc” In the H4 chart, after rebounding from the 200-day Moving Average, USDCHF is trading above it, thus indicating a possible ascending tendency. In this case, the price is expected to test 8/8, break it, and continue growing to reach the resistance at +1/8. However, this scenario may be cancelled […]

Oil prices rose again by more than 1% during trading on Thursday, with Brent crude rising above $92, in a volatile session, with the release of the monthly OPEC report. Crude prices turned lower earlier in trading, with a noticeable rise in the US dollar during trading, after US data showed inflation accelerating to a […]

Euro zone inflation doesn’t require significant policy tightening, ECB’s Lane says As pandemic-related bottlenecks in goods and labor are removed, euro zone inflation will return to trend without considerable policy tightening by the European Central Bank, according to the ECB’s top economist Philip Lane. Lane was maintaining his long-held belief that the euro zone’s current, […]

US CPI On Watch US CPI will be the key data focus today and, on the back of last week’s bumper NFP result, USD bulls are looking for another quick win here to help drive USD higher. If we remembers back to last month’s CPI release however it was interesting to see that despite a […]

Oil Traders Cut Longs FurtherThe latest CFTC COT institutional positioning report shows that oil traders continued to reduce their net long positions last week as profit taking develops further. Crude prices had surged to fresh two-month highs just a few weeks ago but are now well off these levels and are down by around 200k […]