mamijan981
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USD/CAD extends losses and nears 1.3300 with no sign of a trend change
Share: The US Dollar hits new mid-term lows approaching 1.3300. Sticky Canadian inflation supports the BoC’s hawkish view. The Dollar remains depressed with investors eyeing Fed cuts. The Greenback keeps heading south against its Canadian counterpart on Wednesday reaching fresh multi-month lows belo
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A slump in US home sales is not yet a bad sign
Share: US Existing Home Sales have continued to fall under the pressure of high interest rates despite prices retreating from their highs. It is well known that the housing market is a leading indicator of the economic cycle. This was the case during the global financial crisis. However, this approa
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Delay is no good sign
Share: OPEC decided to delay this weekend’s meeting to next week because talks between Saudi and African members apparently ran into trouble. Saudi likely sensed in this week’s poor price action - ‘buy the fact that Saudi will double its production cuts’ action - that 1mbpd extra cut wouldn’t send t
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S12 Registration Benefits | Sign up for the Contest and Unlock the Gift 💝
The schedule is going too fast, like a tornado. In a blink of an eye, there are only 20 days left before the registration deadline for the competition. This is the last time to enter the competition. We provide the lucky gift for you. See what's it? Description Period: May 15, 20
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There’s ‘very little sign’ of the substantial interest rate rises having worked
The Australian’s Washington Correspondent Adam Creighton says there’s “very little sign” of the substantial interest rate rises having worked. Mr Creighton said his sense is that central banks are going to “press on” and continue to lift rates in order to bring down inflation. “If central banks are
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OIL PRICE ANALYSIS: FALLING IN A CHANNEL OVER THE SHORT-TERM
Oil is falling in a descending channel on the short-term horizon. Within the channel it is currently correcting higher, however, it is likely to capitulate and resume its downtrend. Only a decisive break out of the channel would reverse the short-term bearish outlook. Oil price is tr
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