Month: November 2022

The market is focused on a less-hawkish message from Powell today but the big moves this week are in China, where it’s increasingly clear that covid-zero is coming to an end. Controls must be applied with “softness” and “greater precision” to ensure daily life can continue, various news reports in official publications said. Reports of
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The pair is trading rather flat today as markets are still sorting out their feet on the week. Softer inflation figures in Europe yesterday weighed on bond yields initially but that switched up when we got to US trading, with Treasury yields rising instead. That helped USD/JPY to avert another close below daily support around
USD/CAD struggles to extend three-day uptrend near the highest levels in three weeks. Break of two-month-old horizontal support, bearish MACD signals favor buyers. 50-DMA, seven-week-long descending trend line restrict immediate upside. USD/CAD remains sidelined around 1.3585-90, recently picking up bids, as traders struggle with the key hurdle during early Wednesday morning in Asia. In doing
USDCAD takes a breather The USDCAD has raced higher in trading today and in the process really had limited corrective price action. There was a brief consolidation after the better-than-expected GDP, but it has been racing back to the upside over the last few hours. However, the last 20 minutes have seen a rotation to