Forex
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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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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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