Forex
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Swiss Franc edges lower as US Dollar rebounds, FOMC minutes in focus
Swiss Franc ticks lower against the US Dollar as the latter rebounds. Higher oil prices could force traders to raise…
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Euro declines below 1.1600 on US-Iran war worries
EUR/USD softens to near 1.1575 in Tuesday’s early Asian session. Trump said he’s not looking to extend the ceasefire deal…
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EUR/USD Reverses Its Technical Trend
Is this the end of the U.S. dollar’s relative strength❓ On Monday, the EUR/USD exchange rate broke through an important…
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GBP gathers strength to near 1.3550 as Fed hike bets fade, UK jobs data loom
GBP/USD drifts higher to near 1.3550 in Tuesday’s early Asian session. Traders expect just a 35% chance of a rate…
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CAD holds near early June high as rising oil prices offset modest USD strength
USD/CAD struggles to gain any meaningful traction amid a combination of diverging forces. Monday’s hotter Canadian inflation figures and rising…
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New Zealand Dollar edges lower below 0.5900 as China’s economy slows in July
NZD/USD softens to near 0.5895 in Tuesday’s Asian session. China’s Retail sales grew 0.6% YoY in July; Industrial production expanded…
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United States Dollar Index holds ground on safe-haven demand
The US Dollar Index steadies as Trump’s refusal to renew the Iran deal and naval blockades elevate global geopolitical tensions.…
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JPY remains near two-week low against US Dollar despite hawkish BoJ bets
The Japanese Yen holds onto two-week losses near 159.50 against the US Dollar. The BoJ is highly anticipated to raise…
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AUD/JPY Price Strengthens to near 113.50, near-term outlook remain constructive
AUD/JPY gathers strength to near 113.40 in Tuesday’s early European session. The cross keeps the positive tone above the 100-day…
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Trade of The Day – USD/CAD
Facts USDCAD pulled back after Canada’s July CPI inflation data. Gasoline prices in Canada rose by 25.7% year over year,…
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