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USD/CAD gained traction in the American trading hours on Friday. Canadian economy contracted by 0.3% in May as expected. US annual Core PCE inflation edged higher to 3.5% in June. … Read More
Analysts at MUFG Bank, see a trade idea in shorting the EUR/GBP cross with a target at 0.8350 and a stop-loss at 0.8670. They point out the positive evolution of … Read More
Dollar gains momentum late on Friday and trims weekly losses. Cable heads for biggest weekly gain since May. Next week’s key events: NFP and Bank of England meeting. The GBP/USD … Read More
US dollar rises across the board into the London fix. Greenback trims weekly losses late on Friday. AUD/USD back to negative for the week, drops toward 0.7350. The AUD/USD broke … Read More
EUR/USD fades the earlier move to levels past 1.1900. EMU flash Q2 GDP rose 2.0% QoQ, 13.7% YoY. US Core PCE came in short of estimates in June. EUR/USD came … Read More
GBP/SUD stalled its recent strong move up near the 61.8% Fibo. level resistance. The risk-off impulse benefitted the safe-haven USD and capped any further gains. A sustained break below the … Read More
NZD/USD is edging slightly lower in the early American session. Core PCE inflation edged higher in June but came in lower than market expectation. US Dollar Index clings to modest … Read More
USD/CAD failed to preserve its modest intraday gains to the 1.2470-75 region. Sustained USD selling bias was seen as a key factor that acted as a headwind. Mixed US macro … Read More
USD/CHF prolonged its recent decline and dropped to the lowest level since June 16. Reviving safe-haven demand benefitted the CHF and exerted pressure amid softer USD. Oversold conditions on hourly … Read More
USD/JPY edges slightly higher following Thursday’s sharp decline. US Dollar Index consolidates weekly losses, stays below 92.00. Investors await inflation and consumer sentiment data from US. Following Thursday’s decline, the … Read More
