Trade the Loony on the Bank of Canada
Most economists are calling for the Bank of Canada to keep it’s overnight lending rate at 5% today after the GDP on Friday confirmed that the economy is slowing.
Wednesday 6th September 2023: Technical Outlook and Review
The DXY chart is currently characterized by a bullish overall momentum, indicating the potential for an upward trend in price movement.
Tuesday 5th September 2023: Asian Markets React to Central Bank Decision and Inflation Trends
Global Markets: News & Data: Markets Update: Australia’s central bank, the […]
Tuesday 5th September 2023: Technical Outlook and Review
The DXY chart exhibits a bullish momentum, indicating an upward trend in price movement. This sentiment is supported by the price's position within a bullish ascending channel, suggesting the potential for further upward momentum.
Monday 4th September 2023: Technical Outlook and Review
The DXY chart is currently showing a bullish overall momentum, suggesting an upward trend in the price movement. This bullish sentiment is reinforced by the fact that the price is within a bullish ascending channel, indicating a potential continuation of the upward trajectory.
HK50: Weather Conditions That May Effect Trading
If a Typhoon Signal or Black Rainstorm Warning has been issued […]
Thursday 31st August 2023: Technical Outlook and Review
The current state of the DXY chart indicates a bullish momentum overall. There is a potential scenario where the price could experience a bullish rebound from the 1st support level and subsequently move towards the 1st resistance level.
Wednesday 30th August 2023: Technical Outlook and Review
The DXY (US Dollar Index) chart is currently characterized by a bearish momentum, attributed to its break below an ascending support line, indicating the potential for a downward price movement. In this context, the chart could potentially witness a decline towards the 1st support level at 103.40.
Tuesday 29th Aug 2023: Technical Outlook and Review
The DXY (US Dollar Index) chart is currently showing bullish overall momentum, suggesting a potential upward trend in the price. The price is above a major ascending trend line, indicating the possibility of further bullish movement, and it's also above the bullish Ichimoku cloud, which reinforces the bullish sentiment.
