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After Off-Cycle Move, Philippines Central Bank Keeps Rates Unchanged

After Off-Cycle Move, Philippines Central Bank Keeps Rates Unchanged

Image Source: Pexels  The Bangko Sentral ng Pilipinas (BSP) kept policy rates untouched at 6.5% at today’s meeting after carrying out an off-cycle move two weeks ago.  BSP holds after off-cycle moveThe BSP kept policy rates untouched at 6.5% today after hiking by 25bp two weeks ago at an off-cycle meeting. This move was expected by […]
AUD/USD Forecast: Mixed Jobs Data Weighs On Aussie

AUD/USD Forecast: Mixed Jobs Data Weighs On Aussie

The Aussie’s dip following a mixed employment report sparked a hint of bearish sentiment in Thursday’s AUD/USD forecast. Australian employment rebounded in October following a sluggish period the previous month. However, the jobless rate slightly increased as more individuals actively sought employment. At the same time, increased migration contributed to a larger labor supply.Notably, net […]
Thoughts For Thursday: The Market Is Firming Higher, Tread Carefully

Thoughts For Thursday: The Market Is Firming Higher, Tread Carefully

The stock market is firming higher, commentators are saying the Santa Claus rally has arrived (before Thanksgiving), but it is hard to know how far to lean in.FreepikWednesday the S&P 500 closed at 4,503, up 7 points, the Dow closed at 34,991, up 164 points, and the Nasdaq Composite closed at 14,104, up 10 points.Chart: The […]
USD/CAD Price Analysis: Struggles To Capitalize On Its Modest Intraday Gains Beyond 1.3700

USD/CAD Price Analysis: Struggles To Capitalize On Its Modest Intraday Gains Beyond 1.3700

USD/CAD recovers further from the 50-day SMA and draws support from a combination of factors. Sliding Crude Oil prices undermine the Loonie and act as a tailwind amid a modest USD strength. The mixed technical setup warrants caution for bulls before positioning for any further gains. The USD/CAD pair attracted some buying on Thursday and […]
Euro Recovers Mildly To Around 1.0860 Ahead Of Lagarde Speech, US Data

Euro Recovers Mildly To Around 1.0860 Ahead Of Lagarde Speech, US Data

Photo by Ibrahim Boran on UnsplashThe Euro (EUR) manages to generate some upside traction against the US Dollar (USD), motivating EUR/USD to attempt a tepid bounce to the 1.0860 zone on Thursday.The Greenback alternates gains with losses around 104.40 when tracked by the USD Index (DXY) amidst declining US yields across the board and firmer market chatter around the […]
It’s Starting, This Just Became Global

It’s Starting, This Just Became Global

Image source: Pixabay  Bond yields dropping again. Oil curve back in contango. Is the economy resilient? Worrisome data from around the world and right where it hurts – consumers. The US. China. Europe.Video Length: 00:17:48More By This Author:You Won’t Believe How Bonds Reacted To The CPI Why Is The Fed Lying About This? A Global Recession […]
Crude Oil Commentary – Thursday, November 16

Crude Oil Commentary – Thursday, November 16

China Concerns Hurting Oil OutlookCrude oil is trading lower as we head through the back end of the week. Following a strong start on Monday, prices soon topped out and reversed lower as concerns over US and Chinese demand took hold, exacerbated by the EIA reporting a large inventories build.  In China, data this week […]
Bitcoin And Ethereum: Bitcoin Within Reach Of $38000 Again

Bitcoin And Ethereum: Bitcoin Within Reach Of $38000 Again

Bitcoin chart analysisYesterday was favorable for the Bitcoin price as we saw a strong bullish consolidation. The price received support at the $36000 level and crossed above the EMA50 moving average. Such a move gave rise to a strong bullish impulse that pushed the price up to 37975 levels. In this way, we tested last […]
CSCO PANW: Weak Guidance

CSCO PANW: Weak Guidance

Cisco (CSCO) and Palo Alto Networks (PANW) both reported earnings after the close and got hit in the after hours for weak guidance. CSCO lowered full year revenue guidance from $57.0-$58.2 billion to $53.8-$55.0 billion – about a 5.6% decrease at the midpoints. It also lowered Non-GAAP EPS guidance from $4.01-$4.08 to $3.87-$3.93. CSCO finished […]
Three Concerns About The Risk On Run

Three Concerns About The Risk On Run

Image Source: Pixabay  The main takeaway this week is the market once again repricing Fed expectations on the back of a welcome round of softer inflation data. The hope is that all of this will translate to a more investor-friendly monetary policy.Video Length: 00:01:20More By This Author:Major Currencies Cool Off Market Responds Aggressively To US Inflation […]