Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
Japanese Yen advances to over one-month high against USD amid December BoJ rate hike bets
The Japanese Yen rallied as a stronger Tokyo CPI lifted December BoJ rate hike bets. The USD hits a fresh two-week low and drags USD/JPY to over a two-month trough. The technical setup supports prospects for an extension of the pair's … [Continue reading]
Mexican Peso rallies as trade war jitters calm
Mexican Peso strengthened after Trump – Sheinbaum’s call, reversing some of the losses spurred by Trump's earlier threats. Banxico minutes reflect a possibility of further interest rate adjustments based on the inflation outlook. Fed’s favorite … [Continue reading]
Canadian Dollar traders water with markets broadly shuttered for US holiday
The Canadian Dollar is mostly flat near familiar territory on Thursday. Canada GDP figures due Friday to draw some attention from Loonie traders. Market volumes are notably thin with US markets shuttered for Thanksgiving. The Canadian Dollar (CAD) … [Continue reading]
EUR/CAD Price Analysis: Bears rejected pair at 20-day and 200-day SMA convergence
EUR/CAD shed 0.30% on Thursday to trade near 1.4770. The cross faced rejection at the 20-day and 200-day SMA convergence at around 1.4800, completing a bearish crossover. The bearish crossover tends to be bearish sign, hinting at further weakness in … [Continue reading]
Bitcoin Price Forecast: FUD in the market as Thanksgiving approaches
Bitcoin price today: $94,850 Bitcoin price declines on Thursday after recovering from a pullback earlier this week. Investors remain cautious, recalling the 2020 ‘Thanksgiving Massacre,’ when Bitcoin plunged over 17% in a few hours. Reports … [Continue reading]
USD/INR climbs as month-end US Dollar demand drags Indian Rupee to record low
The Indian Rupee trades softer in Thursday's early European session. High USD bids for month-end payments and uncertainties surrounding Trump's trade policies undermine the INR. The RBI intervention might support the INR and cap the … [Continue reading]
NZD/USD posts modest gains to near 0.5900 amid weaker US Dollar
NZD/USD trades with mild gains around 0.5900 in Thursday’s early Asian session. The cautious stance from the Fed on further rate cuts might lift the US Dollar. The speculations about a potential 10% tariff on Chinese goods could weigh on the … [Continue reading]
Canadian Dollar catches a break from selling pressure on Wednesday
The Canadian Dollar caught a slight bid after getting pushed into multi-year lows. Canada remains absent from the economic calendar until Friday. Incoming US Thanksgiving holiday to compress market volumes this week. The Canadian Dollar (CAD) caught … [Continue reading]
United States 4-Week Bill Auction rose from previous 4.53% to 4.55%
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]