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BOC’s Macklem: We may not have to raise rates further

October 26, 2023

This comment isn’t a surprise as the BOC has been backing away from rate hike talk and emphasizing a higher-for-longer stance. The economy is not …

Central Banks

ECB leaves key interest rates unchanged in October monetary policy meeting

October 26, 2023

Prior decision Main refinancing rate 4.50% vs 4.50% expected Prior 4.50% Deposit facility rate 4.00% vs 4.00% expected Prior 4.00% Marginal lending facility 4.75% Prior …

Technical Analysis

The USD is the strongest and the EUR is the weakest as the NA session begin..

October 26, 2023

The USD is the strongest and the EUR is the weakest as the NA session begins. The major currencies ranking are showing relatively scrunched together. …

Technical Analysis

Nasdaq Composite Technical Analysis – Watch what happens around this trendline

October 26, 2023

This week started like the last one with a broader rally in the markets as the risk sentiment got supported by another lack of a …

Technical Analysis

GBPUSD Technical Analysis – New lows in sight

October 26, 2023

US The Fed left interest rates unchanged as expected at the last meeting. The macroeconomic projections were revised higher, and the Dot Plot showed that …

Technical Analysis

EURUSD Technical Analysis – Watch out for the breakout of the bear flag

October 26, 2023

US The Fed left interest rates unchanged as expected at the last meeting. The macroeconomic projections were revised higher, and the Dot Plot showed that …

Technical Analysis

S&P 500 Technical Analysis – We are at a crucial support level

October 26, 2023

This week started like the last one with a broader rally in the markets as the risk sentiment got supported by another lack of a …

Technical Analysis

Russell 2000 Technical Analysis – We are back to the 2022

October 26, 2023

This week started like the last one with a broader rally in the markets as the risk sentiment got supported by another lack of a …

Market Outlook

Gold Price Ignores Rising Treasury Yields and a US Dollar Rally. Higher XAU/USD?

October 26, 2023

The gold price surged toward recent peaks today despite the US Dollar reasserting its ascendency and Treasury yields back on the march higher. Where to …

Central Banks

Japan PM says no contradiction between BOJ inflation aims and his government

October 26, 2023

Japanese PM Kishida says Bank of Japan monetary policy aims to achieve sustainable inflation in tandem with wage hikes and does not contradict the government’s …

Central Banks

Senior Japan official: ‘excessive’ FX volatility, FX should move stably with fundamentals

October 26, 2023

Japan Deputy Chief Cabinet Secretary Murai: Important for currencies to move stably reflecting fundamentals Excessive FX volatility undesirable Won’t comment on forex levels No comment …