NZDUSD trades to a new session low and tests 200 bar MA on the 4-hour chart
The NZDUSD is under pressure today, leading the majors to the downside against the USD. The pair is currently trading at 0.5834, down -0.87%, as a combination of risk-off sentiment…
Gold tumbles as Oil surge lifts yields, USD ahead of the Fed
Gold (XAU/USD) price retreats over 1% on Wednesday as high energy prices are driving US Treasury yields soaring, signaling that investors are not expecting any rate cuts by the Federal…
EIA weekly crude oil inventories -6234K vs -231K expected
Prior was+192Gasoline -6075K vs -2136K expectedDistillates -4494K vs -2194K expectedThis is a massive drawdown in inventories and shows that the world is turning to US oil to fill in the…
USDJPY Wave Analysis – ActionForex
USDJPY: ⬆️ Buy USDJPY from the support zone Likely to test resistance levels 160.40 and 161.00 USDJPY currency pair recently reversed from the support zone between the key support level…
Crude oil is racing higher and approaches a key target area. What next?
Crude oil futures are racing higher, up roughly $5 or 5% on the day, and pushing into a key decision zone. The move to the upside has been supported by…
USDCAD moves to new session highs. Extends above 1.3700 and looks toward 1.3715
The USDCAD is pushing to new session highs after the Bank of Canada left rates unchanged, with the central bank signaling growing concern over a softening labor market. Inflation is…
Oil Continues to Face a Blockade
The US has no intention of reopening the Strait of Hormuz and is demanding that Iran sign an agreement. The narrowing of the spread between the spot and futures markets…
EUR/USD Holds Steady Ahead of Fed Meeting, Focus on Middle East Outlook
EUR/USD is slightly lower on Wednesday, trading with minimal movement around 1.1708. The market is preparing for a Federal Reserve meeting, which could be Jerome Powell’s last before his term…
The USD is higher ahead of the data dump and FOMC rate decision
The focus today is firmly on the Federal Reserve, with the FOMC expected to leave rates unchanged when the decision is released at 2:00 PM ET. While the outcome itself…
BoC: Cautious hold as oil lifts inflation – TD Securities
TD Securities strategists expect the Bank of Canada (BoC) to keep its policy rate at 2.25%, with a cautious statement in the April decision. The April Monetary Policy Report (MPR)…
