Share: Pound Sterling has turned back and forth around 1.2740 ahead of key employment data. Households in the United Kingdom are facing a burden as stubborn inflation bites individuals’ pockets. Market participants are anticipating that interest … [Continue reading]
USD/CAD sits near multi-week top, above mid-1.3300s as traders await US/Canadian jobs data
Share: USD/CAD consolidates its recent strong gains to the highest level since June 13. Bullish Oil prices underpins the Loonie and caps the upside amid a softer USD. Bets for more Fed rate hikes act as a tailwind ahead of US/Canadian jobs data. … [Continue reading]
USD/CAD Price Analysis: Loonie bulls need validation from 1.3390 and US/Canada employment data
Share: USD/CAD grinds near three-week high as key US, Canada data looms, clings to 50-EMA hurdle. Bullish MACD signals, upbeat RSI favors Loonie pair buyers to cross immediate EMA resistance but 200-EMA can prod the bulls. Four-month-old descending … [Continue reading]
NZD/USD slides towards 0.6155 following strong US data
Share: After jumping to a high of 0.6218, the NZD/USD retreated to 0.6155 as bulls struggle to gain momentum. ADP and ISM Services PMI came in above expectations. Hawkish bets on the Federal Reserve made the 2-year yield jump to their highest level … [Continue reading]
United States EIA Crude Oil Stocks Change increased to -1.508M in June 30 from previous -9.603M
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]
USD/JPY could be heading for 150 in the short term – MUFG
Share: Looking at the G10 currencies in June shows that the Dollar weakened, but that the Yen softened even further. Yen selling is likely to continue in the short term, in the view of economists at MUFG Bank. A policy shift by the BoJ could result … [Continue reading]
Gold Price Forecast: XAU/USD run-up appears more compulsive as US data looms – Confluence Detector
Share: Gold Price reverses the previous day’s U-turn from two-week high, eyes the first weekly gain in four. Fears of higher rates, Sino-American tension and China economic woes prod XAU/USD bulls. Softer US data fails to justify hawkish Fed bets, … [Continue reading]
USD/CAD refreshes three-week high on modest USD strength, bullish Oil prices cap gains
Share: USD/CAD scales higher for the second straight day and hits a three-week high on Thursday. The Fed’s hawkish outlook, along with a softer risk tone, benefits the USD and lend support. Bullish Crude Oil prices could underpin the Loonie and cap … [Continue reading]
United States API Weekly Crude Oil Stock fell from previous -2.408M to -4.382M in June 30
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]
Gold Price Forecast: XAU/USD under pressure as the US Dollar recovers its poise
Share: XAU/USD Current price: $1,924.55 Softer-than-expected growth in the services sector across the globe undermined the mood. FOMC Meeting Minutes may shed light on upcoming Federal Reserve decisions. XAU/USD is unable to retain intraday gains, … [Continue reading]