BOC held rates as expected, although their statement was optimistic enough to send the Canadian dollar sharply higher.
In the final meeting of the year, RBA decided to keep rates on hold 0.75%, whilst keeping the door open for further cuts.
USD/CHF is approaching parity, a level which is clearly on the radar for market participants. Despite several failed attempts, USD/CHF has not closed above parity since May 2019. We could quibble over the fact that it opened above 1.0000… Read More
A bullish breakout gap from a multi-month reversal pattern suggests Samsung’s run could just be getting started.
We highlighted in January that a defiant cable could be carving out its low for the year, and price action on EUR/GBP now also points towards Sterling strength.
With gold coiling at its highs amid an accelerating trend, we’re looking for a break of 1300.