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The Canadian dollar found a pivotal resistance level at the psychological barrier of 1.3000, which forced it to trade with limited negativity towards retesting the 1.2885 support level, which hovers around the pair’s current trading. Technically, the daily trend is still bullish, but we may witness a bearish bias in …

Oil, Crude, trading

Mixed trading dominated gold’s movements during yesterday’s trading session, affected by the Federal Reserve’s decision to raise interest rates by 75 basis points, recording the highest at 1841 and the lowest around 1807. On the technical side, today, the current moves are witnessing stability below the resistance level of 1842, …

The European currency witnessed typical trading during the previous trading session to test the bullish target of 1.0485, recording the highest level at 1.0510, and returning to the main bearish trend again, approaching a few points from the official descending station at 1.0350, recording its lowest level at 1.0360. Technically …

Central banks are inside the storm amid global tenacious high inflation. The US Fed was the star of Wednesday’s interest rate show. Fed decided to hike rates by 75 bps, the largest since 1994, but dismissed the chances of a 100 bps hike. Fed Chair Powell said it was the …

It is typically a central bank-heavy week, with the US Fed having hiked interest rate by 75 points to bring inflation under control. For the Swiss National Bank, inflation is also its biggest problem. The inflation rate is running at its hottest levels since 2008. Ongoing geopolitical uncertainty and higher …

Stocks were volatile after the rate hike decision but jumped to session highs as Fed Chairman Jerome Powell said additional increases are on the horizon.Boeing and other shares closely linked to economic growth jumped higher on the hope that rates could rise without tipping the economy into a recession. Boeing …

Gold price witness a firmer rebound after hitting a low of $1,815.00 in the late New York session as the Federal Reserve dictated a 75 basis point rate hike after its two-day policy discussion meeting. Fed chair Jerome Powell went beyond his words, took 75 bps into the consideration, and …

The US Federal Reserve decided to hike 75 bps, greatly influenced by last Friday’s hot 8.6% CPI reading. Fed Chair Powell does not expect moves of 75 bps to be common; the USD/CAD plunged from 1.2995 to 1.2915 as a reaction.The US central bank expects to cut rates by 40 …

The AUD/USD pair turns up mainly by bulls on the back of Fed’s hawkishness. The technical analysts tend now to be bullish, at least for the near term. The AUD/USD pair is recovering on the back of a risk rally and relief that the Federal Reserve’s chairman, Jerome Powell, is …