Forex
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USD/CAD trades lower to near 1.4030 amid talks to end US federal shutdown
USD/CAD faces selling pressure as the Canadian Dollar demonstrates strength. Upbeat Canadian labor market data might push back BoC dovish…
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USD/INR flattens ahead of US Senate vote on federal reopening
The Indian Rupee trades in a tight range around 88.80 against the US Dollar in Monday’s opening session. FIIs turned…
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Offshore Yuan Steady Amid Strong Inflation Data
The offshore yuan remained around 7.12 per dollar, trading in a sideways range as weekend data showed consumer prices in…
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Australian Dollar Gains on Hawkish RBA Comments
The Australian dollar climbed above $0.65, nearing one-week highs, after Reserve Bank of Australia Deputy Governor Andrew Hauser noted that…
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Dollar Steadies as Govt Shutdown Nears End
The dollar index steadied around 99.6 on Monday after falling for three straight sessions, buoyed by signs that a deal…
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Yen Weakens on Stimulus Expectations
The Japanese yen depreciated toward 154 per dollar on Monday, nearing nine-month lows amid expectations that the new administration will…
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Trade of The Day – EUR/USD
Facts The EURUSD pair rebounded to 1.155 after falling to the 200-day EMA near 1.15, gaining 0.8% as of 12:12 p.m. on Friday, November 7. U.S. House Speaker Mike…
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Offshore Yuan Falls on Disappointing Trade Data
The offshore yuan weakened to around 7.12 per dollar on Friday, reversing gains from the previous session as China’s unexpected…
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GBP/USD extends much-needed recovery as Cable recovers 1.31
GBP/USD gained ground on Thursday as the Pound stages a bullish recovery. The BoE may be much closer to delivering…
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EUR/JPY loses traction to near 176.50 despite ECB’s cautious stance
EUR/JPY softens to near 176.60 in Friday’s Asian session. Minutes of the BoJ’s September policy meeting kept hopes alive for…
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