Forex
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NZD/USD drifts lower below 0.5650 as China’s Trade Surplus narrows in October
NZD/USD declines to around 0.5620 in Friday’s Asian session. China’s trade surplus came in at $90.07 billion in October, narrowing…
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USD/CAD remains above 1.4100 near six-month highs despite Fed rate cut odds
USD/CAD maintains its position close to a six-month high of 1.4140, reached on Wednesday. The US Dollar lost ground after…
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Japanese Yen consolidates as BoJ rate hike uncertainty persist after weak data
The Japanese Yen bulls pause for a breather following the release of weaker domestic data. Fiscal concerns and the BoJ…
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Trade of The Day – NZD/CAD
Facts:NZDCAD has been trading in a downward trend from the end of OctoberThe pair bounced off the key horizontal resistance…
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DXY Falls Below the 100 Threshold
The dollar index eased to below the 100 threshold on Thursday, easing from the five-month high of 100.3 in the…
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Aussie Dollar Holds Ground on Robust Trade Data
The Australian dollar steadied around $0.651 on Thursday, holding its recent gain, as stronger-than-expected trade data supported sentiment. Australia’s trade…
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Dollar Eases as Risk Appetite Improves
The dollar index slipped to around 100 on Thursday, retreating from over five-month highs as stronger risk sentiment curbed demand…
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Yen Rises Amid Firm Wage Data
The Japanese yen strengthened past 154 per dollar on Thursday, recovering from the previous session’s losses as steady wage growth…
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Chart of The Day – EUR/USD
The EUR/USD pair is currently trading at around 1.1481 USD per euro. The market is being shaped by multiple factors from…
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Trade of The Day – AUD/USD
Facts: The pair bounced off the key resistance area near 0.6500 Short – term trend remains downward Recommendation: Trade: Short position…
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