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Markets More dollar strength pulled EUR/USD to a first 1.05-quote since October 2023, but that level triggered some rebound action higher. It’s only a matter of time though for a test (and potential) break of the 1.0448 range bottom in place since 2023. Next support levels stand at 1.0406 and 1.0201 which are respectively 50% […]

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01/10/2024

Crypto’s Step Back for Acceleration

Market picture The cryptocurrency market shed a further 0.7% of its capitalisation in 24 hours to $2.26 trillion, coinciding with a strengthening of the dollar and a short-term fixation in gold as markets reacted to Powell’s hints that the Fed would prefer 25-point rather than 50-point cuts. The confident momentum in equity indices suggests that […]
18/05/2024

Weekly Economic & Financial Commentary: Fed Rate Cuts Back on the Table?

Summary United States: Let’s Wait and See There was no shortage of economic data this week, but little did much to change the macro landscape. The April inflation data were a step in the right direction, and if sustained, we see the first rate cut coming in September. Next week: Existing Home Sales (Wed.), New […]
23/02/2024

USDCAD Uptrend Loses Power

USDCAD lacks strength but holds near key support zone Short-term bias looks neutral USDCAD has been facing difficulties in printing new higher highs for more than a week now, shifting to the sidelines to trade around 1.3480. The technical indicators are mirroring the absence of buying interest, with the RSI easing towards its 50 neutral mark and […]