CIBC now sees the Bank of Canada hiking 25 basis points this month
Today’s jobs report showed the Canadian economy added 10 ,000 jobs in December, well above the 5,000 consensus. This follows a strong November CPI report and the OIS market is…
The rout in the yen isn’t over on every front: NZD/JPY nears a 7-year high
NZDJPY Weekly Chart NZDJPY Weekly Chart NZD/JPY The weekly chart is one of the most interesting at the moment as it draws the September high. If it breaks, it will…
MUFG trade of the week: Stay short AUD/USD
Last week we brought you a business idea from MUFG that aimed to sell Australian dollars. They recommend selling the pair at 0.6 00, with a target price of 0.6050…
Eurozone inflation on the agenda in the session ahead
Major currencies are settling in on the day, keeping little changed after the dollar faded a drop following the reaction to the FOMC meeting minutes yesterday. Stocks also saw gains…
AUD/USD Forecast: Aussie Attempts to Recover
The Australian dollar has bounced a bit during the trading session on Tuesday as we have seen a huge move in favor of the greenback against almost everything. At this point,…
AUD/USD drops below 0.6800 to lowest since June 2020
Aussie and kiwi technicals begin to crack again There’s no love for the aussie as it breaks down to its lowest levels this year against the dollar. The fall below…