Forex
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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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Canadian CPI slightly higher than expected – USD/CAD reacts
Canadian CPI YoY: 3% (Forecast 2.9%, Previous 2.8%). Canada’s headline inflation accelerated to 3% in July, slightly above expectations, mainly…
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Canadian Dollar edges higher as Fed rate hike bets recede, CPI data looms
USD/CAD declines to near 1.3860 in Monday’s early European session. Lower Fed rate hike expectations weigh on the US Dollar. …
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EUR/JPY Price Tests rising wedge bottom near 184.00
EUR/JPY tests the lower boundary of the rising wedge around 184.10. The 14-day Relative Strength Index at 50 indicates neutral…
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AUD/JPY Edges higher above 113.00, bullish bias prevails above 100-day SMA
AUD/JPY gathers strength to around 113.00 in Monday’s early European session. Japan’s economy expanded annually by 1.1% in Q2, weaker…
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Euro rallies to two-month high, eyes 1.1600 as USD struggles amid receding Fed hike bets
EUR/USD scales higher for the third day as receding Fed hike bets keep the USD depressed. Geopolitical risks and inflation…
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USD/JPY Price Struggles near 159.00; seems vulnerable below 50% Fibo.
USD/JPY trades with a negative bias for the second straight day, though it lacks follow-through. Japan’s weak GDP print complicates…
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GBP gathers strength above 1.3550 as softer US data cools Fed hike bets
GBP/USD gains ground to around 1.3555 in Monday’s early European session. Softer US Retail Sales data have tempered expectations that…
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Indian Rupee steadies as US Dollar declines on reducing Fed rate hike bets
Indian Rupee may face challenges following the RBI’s decision to end its FCNR deposit FX swap early. USD/INR is projected…
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Japanese Yen held as soft US data meets a weak Yen
USD/JPY is little changed in the low-159s on Friday, holding its ground after a volatile stretch. US Consumer Sentiment fell…
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