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GBP flat lines vs USD as traders await BoE policy update and US PCE Price Index
GBP/USD bulls seem hesitant as the Fed’s hawkish tilt and the US-Iran tensions underpin the USD. Bets for two BoE…
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EUR/USD – Hovers around 50-day EMA near 1.1700
EUR/USD may hover near its eight-month low around 1.1411. The 14-day Relative Strength Index near 48 signals weakening bullish momentum…
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BREAKING: Bank of Canada keeps rates unchanged, USDCAD extends gains
Bank of Canada (BoC) Rate Decision: Actual 2.25% Forecast 2.25% Previous 2.25% The Bank of Canada maintained its policy interest…
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USD/INR extends its advance as oil prices rise further
The Indian Rupee continues to underperform against the US Dollar amid rising oil prices. US President Trump warns of extending…
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Offshore Yuan Remains Near 2023 Peak Levels
The offshore yuan traded around 6.83 per dollar on Wednesday, remaining near a recent more than three-year high, as it…
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EUR/USD – Likely find direction after Fed’s policy announcement
EUR/USD trades calmly near 1.1700 ahead of the Fed-ECB monetary policy announcement. Both the Fed and the ECB will likely…
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Canadian Dollar consolidates vs USD as traders keenly await BoC/FOMC rate decisions
USD/CAD struggles to capitalize on the overnight recovery gains amid a combination of diverging forces. The US-Iran statement benefits the…
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GBP/USD – Hovers around nine-day EMA near 1.3500
GBP/USD may appreciate toward the two-month high of 1.3599. The 14-day Relative Strength Index near 56 signals positive momentum without…
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Chart of the day – USDJPY with mixed reaction to cautious Bank of Japan decision. Is stagflation heading to Japan?
The Bank of Japan kept interest rates unchanged at 0.75%, in line with market expectations, although the reaction of the…
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USD/INR boards fresh rally as oil prices remain elevated
The Indian Rupee falls further against the US Dollar as higher oil prices boost demand for the Greenback by Indian…
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