USD/CAD loses its recent gains registered in the previous session, trading around 1.3580 during the Asian hours on Thursday. The pair depreciates as the commodity-linked Canadian Dollar (CAD) gained support after the effective closure of the Strait … [Continue reading]
USD/CHF Price Forecast: Traders eye 0.7800 as RSI turns bullish
USD/CHF posted back-to-back bullish days on Wednesday, rising by over 0.25% after the latest US inflation report and as high energy prices pushed US Treasury yields higher, consequently the US Dollar (USD). At the time of writing, the pair trades … [Continue reading]
Egypt: Easing delayed as inflation rebounds – Standard Chartered
Standard Chartered’s Bader Al Sarraf now expects the Central Bank of Egypt to keep policy rates at 19% through FY26, postponing earlier plans for near-term easing. The bank still forecasts a 13% policy rate by end-2026, assuming conditions stabilise. … [Continue reading]
United States Consumer Price Index ex Food & Energy (MoM) meets expectations (0.2%) in February
Gold fades the rebound from above the $5,000 area early Wednesday, despite the decline in Oil prices. The US Dollar turns south again as risk sentiment remains in a sweeter spot, with focus on US CPI data. Technically, Gold closed Tuesday above … [Continue reading]
Spain Retail Sales (YoY) climbed from previous 2.9% to 4% in January
Gold fades the rebound from above the $5,000 area early Wednesday, despite the decline in Oil prices. The US Dollar turns south again as risk sentiment remains in a sweeter spot, with focus on US CPI data. Technically, Gold closed Tuesday above … [Continue reading]
NZD/USD remains below 0.5950 due to increased risk aversion
NZD/USD remains in the negative territory after giving up daily gains, trading around 0.5930 during the Asian hours on Wednesday. However, the pair advanced as the New Zealand Dollar (NZD) strengthened amid rising Reserve Bank of New Zealand (RBNZ) … [Continue reading]
USD/JPY Price Forecast: Clings around 158.00 on risk-off mood
The USD/JPY edges higher on Tuesday, rising nearly 0.25% as risk appetite deteriorated late in the New York session, even though the US President Donald Trump hinted a de-escalation of the conflict. At the time of writing the pair trades at 158.07 … [Continue reading]
Forex Today: US Dollar slips as Oil stabilizes after Trump comment
Here is what you need to know for Wednesday, March 11:Better market sentiment is taking its toll on the Greenback as stabilizing Oil prices give riskier positions more appeal to investors. According to the EIA Short-Term Energy Outlook, "Once the oil … [Continue reading]
United States Existing Home Sales (MoM) came in at 4.09M, above expectations (3.89M) in February
Chiliz is showing signs of strength, trading above $0.040 as of writing after breaking out of a falling wedge, a technical pattern often associated with bullish reversals. On-chain data projects a mixed outlook with a slight bullish tilt, … [Continue reading]
South Africa Gross Domestic Product (YoY) declined to 0.8% in 4Q from previous 2.1%
Gold sticks to modest intraday gains heading into the European session, though it lacks follow-through buying and remains below the $5,200 mark. Geopolitical risks remain in play amid a further escalation of tensions in the Middle East, which in … [Continue reading]