EURCHF FORMS BEARISH PENNANT AS EUROPE GAS CRISIS ESCALATES The euro declined sharply against the US dollar as the energy crisis in Europe continued. In a statement, Germany warned that Russia’s moves to slash gas supplies to the region...
USDCAD FORMS HEAD AND SHOULDERS AFTER STRONG CANADA INFLATION DATA American stocks wavered on Wednesday as Jerome Powell testified before a Senate committee. In the statement, Jerome Powell warned that the battle to fight inflation could lead to higher...
USDCHF FORMS BEARISH PENNANT AHEAD OF SPEECH BY SNB The US dollar bounced back against key currencies after mixed housing data from the United States. Data showed that existing home sales dropped for the third straight month. They fell...
STERLING MOVES SIDEWAYS AMID UK TRAIN WORKERS STRIKE American stock futures jumped sharply on Tuesday as investors bought the dip. Futures tied to the Dow Jones rose by more than 480 points while those tied to the S&P 500...
EU STOCKS AND CRYPTOCURRENCIES REBOUND AS INVESTORS BUY THE DIP The euro bounced back on Monday even after Emmanuel Macron lost his majority in France’s national assembly. The hung parliament means that Macron will need to strike deals with...
US DOLLAR INDEX RECOILS AHEAD OF US HOME SALES DATA The euro moved sideways on Tuesday morning after a mild statement by Christine Lagarde, the European Central Bank (ECB) chair. In a speech, she reiterated her earlier statement that...
BITCOIN CRASH GAINS STEAM AS CRYPTO MARKET CAP FALLS BELOW $1T The euro declined on Monday as the energy crisis in Europe continued over the weekend. Last week, Russia decided to cut its natural gas shipments to some key...
JAPANESE YEN SELL-OFF ACCELERATES AS BOJ EASING CONTINUES Global stocks are staring at their worst performing weeks in over two years as central banks embrace a more hawkish tone in their battle against inflation. On Wednesday, the Fed decided...
US DOLLAR INDEX RETREATS AS INVESTORS EYE FOMC VERDICT European stocks edged higher as the European Central Bank (ECB) held an emergency meeting to handle the turmoil in the bond market. The meeting comes a week after the bank...
GBP AND FTSE NOSEDIVE AFTER WEAK UK JOBS DATA The British pound declined sharply as investors reacted to another set of weak economic data from the UK. According to the Office of National Statistics (ONS), the country’s unemployment rate...
