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USD/CAD Slides as Oil Surprisingly Follows Suit on Potential US-Venezuela Oil Deal

October 16, 2023

USDCAD slides with Oil following suit on news of US-Venezuela deal. Will Canadian inflation rise once more adding further pressure on the Bank of Canada …

Central Banks

ECBs Lane: ECB will keep rates high until inflation returns to 2%, but may take some time

October 16, 2023

ECB’s chief economist Philip Lane in an interview said: The ECB’s decision to raise interest rates took longer than the Federal Reserve’s due to several …

Technical Analysis

Gold comes off of moving average resistance.

October 16, 2023

The price of gold surged on Friday due to anticipated geopolitical risks in Israel, reaching a high of $1932.88 and surpassing both the 100 and …

Technical Analysis

WTI crude oil futures settle at $86.66

October 16, 2023

The WTI crude oil futures settled down $1.03 or 1.17% at $86.66. The high for the day reached $88.29. The low for the day extended …

Central Banks

Lagarde: The ECB is watching oil for inflation risks

October 16, 2023

The European Central Bank is eyeing energy prices and fallout from the Israel-Hamas conflict, President Christine Lagarde told euro-area finance ministers, according to people familiar …

Technical Analysis

NZDUSD rebounds after sharp fall last week, but buyers have work to do for control.

October 16, 2023

Last week, the NZDUSD reached a peak just below its 100-day MA, currently at 0.60546. Subsequently, the pair experienced a decline on Wednesday, Thursday, and …

Technical Analysis

AUDUSD makes a new high & moves above swing area in the process. Looks toward retracement

October 16, 2023

The AUDUSD is displaying a notable upward push, marking fresh highs and surpassing a crucial swing zone situated between 0.63269 and 0.6334. This breakthrough has …

Sentiment

Steady Start to the Week as US Equities Eye Earnings and Geopolitics Keep the Dollar Supported

October 16, 2023

Steady Start to the Week as US Equities Eye Earnings and Geopolitics Keep the Dollar Supported Source

Technical Analysis

EURUSD buyers push price to the 200 hour MA/swing area target.

October 16, 2023

The EURUSD started the US trading day on a positive note and has continued its upward momentum, reaching a new session high. In the morning …

Central Banks

BOC business outlook survey indicator -3.51% vs -2.31% prior

October 16, 2023

Overall survey indicator at the lowest since Q2 2020 53% of firms expect inflation over 3% for the next two years, down from 64% in …

Central Banks

Feds Harker: Current interest rate environment draining housing market of new buyers

October 16, 2023

Fed’s Harker, president of the Philadelphia Fed, in a speech to the Mortgage Bankers Association said: Current interest rate environment draining housing market of new …