The USD/CAD pair has shown signs of recovery, reaching around 1.3730 during the early Asian trading hours on Thursday. This recovery comes after a three-day losing streak, with the US Dollar gaining strength following the hawkish stance from the US Federal Reserve. During the recent Federal Open Market Committee (FOMC) meeting, the benchmark lending rate
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The USD/JPY pair has been on an upward trend for the fourth consecutive day, reaching near 157.15 during Asian trading hours. Traders are taking a cautious approach as they await key economic events that could significantly impact the pair’s movement. One of the major events to watch is the release of the US Consumer Price
As we look at the current state of the USD/CHF pair, it is evident that traders are staying calm and adopting a cautious stance. This behavior can be attributed to the looming Federal Reserve’s interest rate decision scheduled for Wednesday. The pair is hovering around 0.8950 during the early European hours on Tuesday, indicating a
The USD/CHF pair is holding steady near 0.8970 in the early European session as the US Dollar gains strength following the unwinding of Fed rate-cut expectations. The recent US Nonfarm Payrolls report for May showing strong labor demand and wage growth has dampened dovish sentiments ahead of the Fed’s September meeting. The shift in market
French President Emmanuel Macron’s decision to call for snap elections after the EU elections came as a surprise to many. His acknowledgment of the defeat suffered by his alliance to Marine Le Pen’s far-right National Rally (RN) party led to the dissolution of parliament. Macron emphasized the need for a clear majority to ensure stability
The recent appreciation of the Japanese Yen can be attributed to improved risk sentiment in the market. This shift in sentiment has been influenced by a variety of economic data points and central bank statements that have impacted the currency’s value. Notably, Japan’s 10-year bond yield falling below 1% for the first time in two
The EUR/USD pair experienced a slight uptick near 1.0875 in the early Asian trading session on Thursday amidst speculation surrounding the European Central Bank (ECB) interest rate decision. The ECB is expected to announce its first rate cut in five years, with a projected reduction of 25 basis points. This decision would bring the main
The EUR/USD pair has attracted fresh buyers due to a modest downtick in the US Dollar. The expectations of an interest rate cut by the Federal Reserve later this year have kept the US bond yields depressed, thereby weakening the dollar. This scenario has supported the Euro and led to an increase in the EUR/USD
The USD/JPY pair saw a decline reaching the 155.00 barrier due to a shift in market sentiment towards risk-off, resulting in an increased demand for safe-haven assets such as the Japanese Yen. This shift was driven by rumors circulating that the Bank of Japan (BoJ) is considering reducing its bond purchases, which would potentially raise
The gold price is currently hovering near a three-week low as the market anticipates a potential rate cut by the Federal Reserve. The speculation surrounding a rate cut is driven by signs of easing inflationary pressures in the United States. This expectation is undermining the value of the US Dollar, which, in turn, is providing
The latest data released on Monday shows that China’s Caixin S&P Global Manufacturing Purchasing Managers’ Index (PMI) increased from 51.4 in April to 51.7 in May, surpassing market expectations of 51.5. This indicates a growth in both supply and demand, with production expanding at the most significant rate since June 2022. Wang Zhe, an economist
In the world of investing and trading, Elliott Wave analysis has become a popular method for predicting market movements. When looking at the NASDAQ 100 (NDX), QQQ ETF, SP500 (SPX), SPY, Apple (AAPL), Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Meta Platforms (META), Netflix (NFLX), and Alphabet (GOOGL), it is clear that a developing