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Greg Michalowski

BOCs Macklem: We need additional info before we consider moving to more balanced policy

The comments are more hawkish with the theme of killing inflation still the major theme. That has not been done yet. The USDCAD has dipped modestly but remains near the highs...

Stock declines are fully erased. Still one more day to the US jobs data

The US major indices - led by the Nasdaq - got off to a weak start today. The RBNZ hiked by 50 and did not follow the RBA lead. The dollar moved...

US major stock indices staging a comeback. Prices are down on the day but erasing losses.

Looking at the S&P index on the hourly chart above, the rally on Monday and Tuesday saw the price extend toward the 38.2% retracement of the move down from the September high. That...

Dollar lower….Gold higher. The precious metal moves above a downward sloping trend line

The price of spot gold has moved up 5 last 6 trading days (the one down day was just by $1or $2). The move to the upside took the price from the low...

USDJPY moves below its 200 hour moving average for the 1st time since September 26

The USDJPY move up to a high price today of 144.806. That was short of the ceiling area near the 145.00 level. Sellers in the US session push the price below the 100...

Morning VIDEO:The RBA raises rates by less than expected. The EURUSD reaches a MA target.

1:25 - The RBA raised rates by a lesser expected 25 basis points. That led to "down - up - down" volatility in the AUDUSD currency pair, but it remains above its cycle...

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