Forex
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USD/CAD moves above 1.3850, upside seems restrained due to improved Oil prices
USD/CAD gains support following hawkish remarks from Federal Reserve Chair Jerome Powell. CME FedWatch Tool suggested that traders are now…
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Australian Dollar holds losses as trading remains silent on Good Friday
The Australian Dollar moves little as trading activity remains subdued due to the Good Friday holiday. Trump struck an optimistic…
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Trade of The Day – GBP/JPY
Facts:The price broke below the support at 188.32GBPJPY sits below 100-period moving average from H1 intervalHead and shoulders pattern can…
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EUR/USD declines as ECB cuts interest rates, guides grim outlook
EUR/USD slides to near 1.1340 as the ECB reduces its key borrowing rates by 25 bps, as expected. The ECB…
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EUR/USD Moves Lower on Fed Williams Comments on no Rate Cuts
Federal Reserve’s John Williams said there’s no need to change interest rates any time soon, as current monetary policy is…
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EUR/USD Undecided After U.S. Macro Data
12:30 PM GMT, United States – Philadelphia Fed Report for April: Manufacturing Index: actual -26.4; forecast 2.2; previous 12.5; Employment: actual 0.2; previous 19.7; Business…
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Chart of The Day – EUR/USD
The EURUSD has once again moderated its upward trend after a recent rally, as markets await today’s interest rate decision…
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NZD/USD Extends rejection slide from 50% Fibo.; drops to 0.5900 neighbourhood
NZD/USD drifts lower despite stronger NZD CPI print and snaps a six-day winning streak. A modest USD uptick fails to…
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GBP/USD trades below 1.3250 after retreating from six-month highs
GBP/USD pulls back from a six-month high of 1.3292 reached on Wednesday. The US Dollar received support from stronger-than-expected consumer…
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EUR/USD Softens to near 1.1350, over bought RSI condition eyed
EUR/USD weakens to around 1.1365 in Thursday’s early European session, down 0.28% on the day. The positive bias of the…
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