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No clear direction for the CADJPY. Will the bears or the bulls take charge?
This week, the CADJPY, which had been on a rising trend since January, had a small correction. The bulls could not break through the critical structural band between 83.40 and 83.80. This range can be decisive for further rising prices. The MACD indicator has crossed its trigger line from up to down, but the gap[…]
US Dollar searches for price discovery after FOMC forecast
Traders and investors scrambled to re-price the US Dollar against a basket of currencies after the Federal Reserve signalled that they are unlikely to raise US interest rates again this year. Markets had been expecting one more hike this week, whilst some economists had even been hopeful for at least two rate hikes from the[…]
FTSE on edge as investors await Article 50 extension
The FTSE 100 is treading water on Thursday, as investors await European Council President Donald Tusk’s response to British PM Theresa May’s letter asking for a short Brexit extension. Prime Minister Theresa May is reported to have asked the EU Council President for a three-month extension to Article 50. The European Union’s official response to[…]