Day

the Bank of Canada statement for June 2023 he is coming! With the BOC potentially announcing a 'hawkish commentary' and the RBNZ nearing the end of its rambling cycle, is the NZD/CAD expected to crash soon? As you can see from the hourly…

Our forex strategies had an incredibly effective week with four directional biases and technical setups that generally work as discussed. check it out! Week setup in forex: simple US dollars / Canadian dollars Playing in range before BOC…

The sudden rise in interest rates in Canada prompted traders to sell AUD/CAD yesterday! In case you missed it, the Bank of Canada (BOC) raised interest rates by 25 basis points to 4.75% after holding them at 4.50% for three consecutive…

The US dollar continues to fall with the greenback hitting new lows against almost all of the major currencies (CHF being the exception). EURUSD: EURUSD extends above last week's high of 1.07779. The danger now is the swing zone between…

So the Reserve Bank of Australia (RBA) raised interest rates. While Governor Lowe and his team realized that inflation had passed its peak, they felt 7% was still too high. They raised the RBA interest rate by another 25 basis points to…

The dollar is trading slightly higher against the euro, pound and franc on the current day. Meanwhile, it is trading slightly lower against the yen and the Canadian dollar, with the Australian dollar holding onto nice gains after the RBA's…

The RBA Monetary Policy Statement is due at 2.30pm Sydney time on Tuesday 6th June 2023.This is 0430 GMT and 0030 ESTAs I posted earlier, expecting consensus is a comment decision but not a foregone conclusion, this is very much a "live"…

Canadian dollar, USD/CAD, OPEC cuts? Technical Analysis - Asia Pacific Briefing:Canadian dollar weakens though Saudi Arabia oil production cutsThe broader OPEC+ coordination failure closed the gap on WTIGlobal slowdown growth may…

Saudi Arabia will cut oil production by 1 million barrels per day in a bid to prop up oil prices, it announced after a pessimistic meeting of the OPEC+ group of producers in Vienna on Sunday.The kingdom's energy minister, Prince…

It was a strong week for our FX strategists, as arguably three out of five price scenarios played in our favour, including an expected strong bearish move for the AUD/USD. Check out our quick recaps and tell us how you did this week in…