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BoC and Oil sent the Loonie deeper!
On Wednesday, the Bank of Canada held its monetary policy and interest rate decision meeting. After eight straight months of rate hikes totaling 425 basis points, interest rates rose to 4.5%; this pause was read as a signal of the end of contractiona...
Sterling should have used the opportunities.
According to data published Tuesday, March 7, UK Halifax House Prices Rose by 1.1% in February, 3-Year Treasury Gilt Auction raised to 4.151%, and Mortgage Rate in February increased to 7.02%. In addition, Retail Sales and Construction PMI beat Estim...
The expected decision sent the Aussie down almost 1%
As was widely expected, the Reserve bank of Australia raised the rates by only 25 bps but signaled more hikes in following meetings. Bringing the rates to 3.60%, RBA raised interest rates to over a 10-year high, but it is not the end of the cycle, as...
Bitcoin poised to retrace down
Bitcoin’s price declined last week and is below $22,500 currently. Bitcoin moved down after consolidating halfway between the Fibonacci 161.8 and Fibonacci 100 level last week. The RSI remains in neutral zone. Bears now are consolidating their contro...
Weekly Economic Outlook, 6-10 March
March uncertainty start t increase even more with three major central banks' interest rate decisions and US labor market data, but still, we have many other numbers to watch. However, the focus still will be on Friday's US non-farm payrolls, where la...
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