Dollar Loses Shine in Trade War as Investors Rethink Impact on US Economy

DXY: The DXY (US Dollar Currency Index) chart currently demonstrates a bullish overall momentum, indicating strength in the US Dollar. Your analysis suggests that there is potential for a bullish continuation in the price towards the 1st resistance level. The 1st support level at 103.10 is considered significant as it represents an overlap support, indicating […]

In focus today Today Norges Bank (NB) will publish the regional survey for Q2, where we expect that the respondents (corporates) will be somewhat more optimistic than in February. The aggregated production index for both the current (Q2) and the next quarter (Q3) will probably end up in the range of 0.2-0.3%, which will be […]

Canada’s labour market likely continued to underperform in January as it has consistently shown a more pronounced deterioration than the U.S. job market. We expect Canada added 15K jobs in January, but with a larger increase in the labour force nudging the unemployment rate higher. We expect it will rise to 6.8%, partially retracing a […]