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Thursday, June 13, 2024

American Market Recap: The Bank of Canada is behind the curve and the loonie will suffer

The Bank of Canada is behind the curve and the loonie will suffer

In the weeks ahead, we will see a picture of deteriorating data and it will be clear the Bank of Canada is behind the curve. An overnight rate at 4.75% is still very restrictive in an over-leveraged e... 

tranche

US crude oil futures settle at $78.62

Crude oil is above 100H MA. 50% at the $80. The price of crude oil futures settled at $78.62. That is up $0.12 or 0.15%. The high for the day reached $78.85. The low for the day was at $77.69. Looking... 

NZDUSD corrects lower but into MA support. Will the buyers stall the corrections fall?

The NZDUSD has corrected lower today after extending to a key swing area yesterday on the better CPI and finding sellers. The move lower today has moved down to test the 200-hour MA at 0.6162. Yesterd... 

Where is the S&P 500 headed?

In the contest of the worst forecasters, the analysts have easily outperformed the forecasters. Those who predicted a significant correction in U.S. markets missed the mark. The indices, especially th... 

How long can this dynamic hold the market together?

Can AI hold up the whole market? US equities are narrowly positive again today with tech leading the way. Of course, it's Nvidia once again leading the rally with a 2.9% gain. Earlier this week it was... 

tranche

Latest Forex Orders

FX option expiries for 13 June 10am New York cut

There are quite a number to take note of for the day, as highlighted in bold . The first ones are for EUR/USD and they are layered between 1.0775 to 1.0810. Given that price action is also meddling wi... 

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