CAD: Expectations Vs Reality

You must be wondering why I keep writing about the Canadian dollar. My first article for this column was on September 13, followed by October 11 and January 17. Over the last 12 months, the Canadian dollar has risen 8% against the US dollar. It is the strongest currency among the G10 currencies over the last 4 weeks. So, what happened to the cur...

2018-04-19 Ashraf Laidi Read more
Metals Rally On China Rate Cut

Gold Despite slightly higher US yields, gold prices were higher this week as on-going trade tensions between the US and China have kept the US Dollar penned in. Markets had been hopeful of calmer trading given the Chinese President Xi’s recent speech at the Bao forum, in which he said that the country would be more open regarding trade policies...

2018-04-19 James Harte Read more
BOC Highlights Rate Hike Headwinds

As widely expected, the Bank of Canada kept its headline cash rate unchanged at this month’s meeting with an accompanying statement that somewhat dampened bulls’ expectations. The BOC noted that its decision is “consistent with an economy operating with little slack”. Regarding inflation, the bank said that it sees total inflation hitting 2.3% t...

2018-04-19 James Harte Read more
FOMC minutes reveal a hawkish bias

The Federal Reserve Bank released its monetary policy minutes from the meeting that was held in March this year. The central bank had hiked interest rates by 25 basis points which was widely anticipated. At the meeting, central bank officials stuck to the baseline scenario of sticking with three rates hikes in 2018. Following the March rate h...

2018-04-19 John Benjamin Read more

As we advised yesterday and as we see over our previous chart Dow managed to head toward First advance wave from 23300-400 support zone toward 24500 zone Market now showing a rising wedge formation within Intraday levels where resistance at 24900-50 zone while support at 24500 Market may hold trading inside this zone while above 24950 t...

2018-04-19 رامي أبو دراع Read more

Intraday Levels showing that Gold still have room for this rebound correction as market ability to hold trades between support 1340-42 and resistance 1360-62 Below 1340 more drop toward 1330-32 may hit the market which in turn may push gold up again Below 1330 more drop toward 1318 is expected Above 1362 Gold may head for a try to break...

2018-04-19 رامي أبو دراع Read more

Crude Oil managed to break above 68.70 which activated another advance which still targeting 70.00 Short-Run may add more advance as market expected the comming saction ove Iran may reduce between 0-800k barrels aday As long as market holding trades above support zone 67.70-68.40 more advance toward 75.00 zone is expected Below 67....

2018-04-19 رامي أبو دراع Read more

As we advised on our last update back to April 10th we advised that market will face resistance zone around 107.90 that if managed to hold the market below another drop correction toward 105.00-50 zone will be expected As we see over our chart USDJPY still holding trades below that resistance level 107.90 which may provide the chance for anot...

2018-04-19 رامي أبو دراع Read more

As we advised yesterday market still holding trades above Short-Run support 1.4130, where as long as market holding above this zone more advance toward 1.4380 and 1.4440 still on hand Intraday Levels managed to push market again today toward resistance zone 1.4245-70 which may provide some drop correction toward 1.4060-80 zone which in tur...

2018-04-19 رامي أبو دراع Read more

As we advised yesterday and as we see over our previous chart Euro still holding a trading zone over Short-Run in side way shape which either can indicate for a correction wave that may set a new uptrend wave Or can be consider as preparation for a bigger drop wave With US Dollar closing from Short-Run support  88.60-80 and 88.15 the ...

2018-04-19 رامي أبو دراع Read more