USD/CAD Hits Four-Year High Near 1.4250 as US Dollar Remains Strong The Current Situation The USD/CAD pair holds gains near a fresh more than four-year high at 1.4245 in Friday’s European session. The Loonie pair strengthens as the US Dollar (USD) performs strongly against its major peers on expectations that
GBP/JPY Struggles to Recover at 19300 Mark Following Disappointing UK Economic Data Release Overview GBP/JPY continues to lose ground after the release of disappointing key economic data from the United Kingdom (UK), trading around 193.00 during the European hours on Friday. Office for National Statistics reported that the UK Gross
USD/CAD Soars to New Heights Near 1.4250 Amidst Trump’s Tariff Threats USD/CAD extends its gains for the second successive session, reaching a fresh multi-year high of 1.4239 during Friday’s Asian trading hours, the highest level since April 2020. The currency pair USD/CAD has been on a bullish trend lately, with
From China Proxy to Rates Play: AUD/USD and NZD/USD React to Fed Meeting – A Forex Analysis Description AUD/USD and NZD/USD are now behaving more like plays on interest rate differentials than outright China proxies, intensifying focus on what Federal Reserve members may signal about the path for the Fed
Unlocking the Potential: USD/CHF Breakout on the Horizon Technical Forecast for the Swiss Franc on 12/12/2024 The US Dollar is poised to mark a fourth consecutive daily advance against the Swiss Franc with the USD/CHF rally extending today on the heels of a larger-than-anticipated rate cut from the Swiss National
Silver Shines Bright: XAG/USD Reaches Monthly High of 3230 on Strong Dovish Fed Predictions Silver Prices Surge to Five-Week High The price of silver (XAG/USD) has surged to an almost five-week high, reaching around $32.30 in Thursday’s European session. The white metal has been strengthening as traders have fully priced
Breaking News: EUR/USD on the Rise Ahead of ECB Interest Rate Decision Description: EUR/USD gains sharply around 1.0520 in Thursday’s European session ahead of the European Central Bank’s (ECB) interest rate decision, which will be announced at 13:15 GMT. The ECB is widely anticipated to cut its Deposit Facility rate
EUR/USD Holds Steady Above 1.0500 Ahead of ECB Meeting: A Positive Outlook, But Still Some Uncertainty Introduction The EUR/USD pair edges higher during the Asian session on Thursday and for now, seem to have snapped a four-day losing streak to over a one-week low touched the previous day. Spot prices
Gold Price Bulls Cash Out as US Bond Yields Rise: A Market Update Gold Price Retreats After Reaching One-Month High The gold price (XAU/USD) experienced a sharp retreat after touching over a one-month high, reaching around the $2,726 area during the Asian session on Thursday. Currently, it appears to have
EUR/USD on a Downward Path: What to Expect from the ECB Rate Decision The EUR/USD currency pair has been on a downward trend, falling for a fourth straight day on Wednesday. The pair shed one quarter of one percent and eased into the 1.0500 handle as traders awaited the European
Silver Shines Bright: XAG/USD Rebounds from $31.60 as Sticky US CPI Boosts Fed Rate Cut Bets Introduction Silver price (XAG/USD) finds buying interest near the intraday low of $31.60 in Wednesday’s North American session after the release of the United States (US) Consumer Price Index (CPI) data for November. The
USD/CAD: Sideways Trading Below 1.4200 Ahead of US Inflation and BOC Policy Meeting The Current Situation The USD/CAD pair consolidates in a tight range below the round-level resistance of 1.4200 in the European trading session on Wednesday. The Loonie pair trades sideways as investors await the United States (US) Consumer
GBP/JPY Soars Above 19400 as it Bounces Back from Recent Downturn – All Eyes on US CPI Introduction The GBP/JPY currency pair has been making headlines recently as it experienced a significant downturn followed by a remarkable recovery. Currently trading around 194.20 during the European session on Wednesday, the pair
EUR/USD Takes a Tumble: ECB’s Dovish Stance and Strong US Dollar Predicted Ahead of Inflation Report EUR/USD Slides Below Psychological Support Level The EUR/USD currency pair has continued its downward trend, breaking below the key psychological support level of 1.0500 in Wednesday’s European session. This decline comes as a result
Is the AUD/USD Pair at Risk Near its Year-to-Date Low? A Look Ahead at the Upcoming US CPI Report. The AUD/USD pair remains under some selling pressure For the second straight day on Wednesday, the AUD/USD pair has been experiencing selling pressure, dropping to the 0.6340 area. This marks the
Uncovering the Future of EUR/USD and DXY: A Look at US CPI and 2025 Trends The Current Market Landscape As we delve into the intricate world of forex trading, one cannot ignore the impact of economic indicators on currency pairs like EUR/USD and the US Dollar Index (DXY). One such
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