USD/CAD drifts lower to 1.3470, investors await US Retail Sales data
USD/CAD loses traction near 1.3468 on the softer USD. The upbeat US CPI data might keep the Fed waiting until the summer before starting to cut rates. Markets believe the…
EUR/USD inches higher to near 1.0930, focus on US inflation data
EUR/USD rebounds on Tuesday after registering losses in the previous sessions. CME FedWatch Tool suggests a 55.2% probability of a 25 bps rate cut for June. The market expects German…
USD/CAD drops to near 1.3450, awaits labor data from US, Canada
USD/CAD continues its losing streak on higher Crude oil prices. Canada’s Unemployment Rate is anticipated to reach 5.8% from 5.7 prior. US Nonfarm Payrolls could print a 200K figure for…
EUR/USD holds steady near 1.0900 ahead of ECB interest rate decision
EUR/USD sticks to a psychological level on Thursday post recent gains. ECB is expected to maintain the Rate on Deposit Facility at 4.0%. Fed Chair Powell has indicated the readiness…
USD/CHF consolidates around 0.8790 post recent gains, focus on US PCE data
USD/CHF maintains its stability ahead of US PCE – Price Index data. CME FedWatch Tool indicated the chances for rate cuts in March are at 3.0%, with 19.3% in May…
USD/CAD advances to near two-week top, bullish Oil prices to cap gains ahead of US data
USD/CAD gains positive traction for the fourth straight day amid a modest USD uptick. Bullish Crude Oil prices could underpin the Loonie and keep a lid on any further gains.…
Gold price sticks to modest intraday gains, bulls seem non-committed ahead of US data
Gold price regains some positive traction on Tuesday, albeit lacks follow-through buying. Sliding US bond yields undermine the USD and lend some support to the XAU/USD. Geopolitical risks also benefit…
Australian Dollar maintains its position post intraday gains, US Dollar remains stable
Australian Dollar strengthens on dashed hopes for RBA rate cuts. Australia’s ASX 200 moves higher following the overnight surge on Wall Street. US Dollar received upward support as mixed US…
NZD/USD refreshes multi-week top, bulls now await a move beyond 0.6200 mark
NZD/USD scales higher for the seventh straight day and climbs to a fresh multi-week top. Delayed RBNZ rate cut bets underpin the NZD, though some USD dip-buying caps gains. Geopolitical…
US Dollar languishes near multi-week low, looks to FOMC minutes for fresh impetus
The USD Index (DXY) struggles to lure buyers amid bets for a Fed rate cut by mid-2024. Elevated US bond yields and a softer risk tone should help limit losses…
