Forex
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USD/CAD Price Trades below 1.3800 with bullish bias on weak Oil, USD uptick
USD/CAD stalls the previous day’s sharp retracement slide from its highest level since April 13. Weaker Oil prices undermine the…
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Australian Dollar weakens as hawkish RBNZ lifts New Zealand Dollar
AUD/NZD falls as hawkish RBNZ policy outlooks boosted the New Zealand Dollar. RBNZ’s Breman stated that rates are likely to…
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Swiss Franc declines as market caution lifts USD
USD/CHF appreciates as the US Dollar gains on geopolitical Middle East risks. MUFG Bank warns the US Dollar could appreciate…
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USD/JPY Price Sees more upside towards 160.70
USD/JPY edges up to near 159.32 as the Japanese Yen trades with caution. Tokyo CPI ex. Fresh Food grew at…
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Korean Won Remains Under Pressure
The South Korean won weakened to around 1,500 per dollar on Friday, reversing gains from the previous session. Investors continued…
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Offshore Yuan Set for Second Monthly Gain
The offshore yuan steadied around 6.76 per dollar on Friday, hovering near its strongest level since February 2023, bolstered by…
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Trade of The Day: AUD/USD
Facts: The AUDUSD exchange rate opened today below the 10- and 30-day exponential moving averages (EMA10 – yellow, EMA30 –…
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EURUSD Rebounds Following Weak US Data
Weaker US data, in-line inflation, hawkish ECB minutes, and increased Iranian compliance trigger a sharp rebound in the EURUSD pair.…
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GBP recovers against US Dollar; outlook remains weak due to Iran worries
The British Pound recovers almost half of its early losses against the US Dollar. Middle East tensions re-escalate due to…
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Euro hesitates above 0.8650 against the British Pound as Middle East tensions rise
EUR/GBP struggles to extend gains beyond 0.8660 but remains steady above 0.8650. Risk appetite has faltered on Thursday as the…
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