USD/CAD may lose ground as the US Dollar could struggle as softer PPI boosts Fed easing prospects for September.Traders await August US Consumer Price Index data, which could increase odds for a bumper Fed rate cut next week.The Bank of Canada is … [Continue reading]
USD/CAD holds firm above 1.3850 as traders pile into BoC rate cut bets
USD/CAD strengthens near 1.3860 in Thursday’s early Asian session.Traders piled into bets that the BoC is set to cut rates soon.US PPI fell 0.1% MoM in August, softer than expected. The USD/CAD pair gains ground for a second consecutive day … [Continue reading]
Canadian Dollar falls once again as Loonie support withers
The Canadian Dollar fell another 0.15% on Wednesday.The Loonie continues to decline against the Greenback.Fed rate cut bets continue to ride high, while economic fears weigh on CAD.The Canadian Dollar eased further on Wednesday, declining around … [Continue reading]
United States Wholesale Inventories came in at 0.1%, below expectations (0.2%) in July
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]
GBP/USD: Current price movements are likely part of a broad range – UOB Group
Slight increase in downward momentum is likely to lead to Pound Sterling (GBP) trading in a lower range of 1.3485/1.3560. In the longer run, the current price movements are likely part of a broad range between 1.3430 and 1.3595, UOB Group's FX … [Continue reading]
Stellar Price Forecast: WisdomTree Prime leverages Stellar network, CEO Denelle Dixon calls it a milestone
Stellar price trades within a falling wedge on Wednesday, a breakout signals a potential bullish move.Denelle Dixon highlights WisdomTree Prime’s use of the Stellar network, to list digital funds that track the stock market, a significant move.The … [Continue reading]
USD/CAD strengthens above 1.3850 on trade deal uncertainty
USD/CAD gains ground to around 1.3855 in Wednesday’s early Asian session. Weaker Canadian economic data and ongoing tariff uncertainty weigh on the Canadian Dollar. US job growth was far less robust in the year through March than previously … [Continue reading]
Dow Jones Industrial Average today: Stocks rise as steep downside NFP revisions boost rate cut bets
Equities tilted higher after steep US hiring revisions further bolstered rate cut bets.Rate markets now see nearly a one-in-five chance of a jumbo rate cut next week.Despite upbeat stock market reactions, serious economic concerns are growing … [Continue reading]
Ripple Price Forecast: XRP eyes record high as Ripple partners with Spanish bank on crypto custody
XRP nears breakout to $3.66 record high after reclaiming support $3.00 on Tuesday.Ripple partners with Spanish bank BBVA on digital asset custody technology.The agreement follows BBVA’s decision to offer crypto-asset trading and custody service for … [Continue reading]
Gold Price Forecast: XAU/USD shouts for a correction at fresh highs past $3,650
Gold extends its rally to all-time highs above $3,650 amid broad-based USD weakness.Investors' fears of a sharp downward revision of US jobs are hurting the Dollar on Tuesday.XAU/USD looks overstretched after rallying 10% in the last three weeks.Gold … [Continue reading]