Why the Canadian dollar is in for a rough ride
2024-06-13
It’s clear from Bank of Canada Governor Tiff Macklem’s latest speech that he wants to ease rates further but he’s still reluctant to signal it. That’s left us with the clunky line:
“With further and more sustained evidence that underlying inflation is easing, monetary policy no longer needs to be as restrictive as it has been.”
That’s an exact repeat of the line in the press conference last week where he also added that it was reasonable to expect further cuts, but only if inflation continues to ease.
I take it as a flimsy commitment to continue to ease by a central bank that’s worried about getting burned. If not for the mistakes of the post-covid cycle, the Bank of Canada would have lowered rates much further by now but generals always fight the last war so being late was
EURUSD moves to a new high and extends to the next swing area. What next technically?
2024-06-12
A swing area between 1.08538 and 1.08617 looms above. There may be some profit-taking against the area on the first look
USDCHF moves to new highs for the year and pushes away from 38.2% retracement
2024-04-03
The 38.2% retracement of the USDCHFs move down from the 2022 high comes in at 0.90252. Staying above that is more bullish in the short and long term now.
Kickstart your FX trading with a technical look at the EURUSD, USDJPY and GBPUSD
2024-04-02
The Kickstart video for the 3 major currency pairs for April 2, 2024
USDJPY Technical Analysis – Waiting for a breakout
2024-03-29
#usdjpy #forex #technicalanalysis
In this video you will learn about the latest fundamental developments for the USDJPY pair. You will also find technical analysis across different timeframes for a better overall outlook on the market.
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Topics covered in the video:
0:00 Fundamental Outlook.
1:43 Technical Analysis with Optimal Entries.
3:08 Upcoming Economic Data.
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USDCAD backs off from ceiling area again
2024-03-27
The ceiling going back to November/December 2023 and over the last 5 weeks at 1.36049 to 1.35269 Staying below, keeps the sellers in play (and in short term control too).