USD/CAD gains momentum above 1.3570, eyes on Fed rate decision
USD/CAD holds positive ground near 1.3578 in Wednesday’s Asian session. Fed is anticipated to keep rates steady in a range of 5.25% to 5.5% at its policy meeting on Wednesday.…
EUR/USD remains under pressure above the mid-1.0800s, Fed rate decision eyed
EUR/USD remains on the defensive near 1.0872 amid renewed USD demand. The Fed is anticipated to hold benchmark interest rates steady in the range of 5.25%–5.50% at its March meeting.…
AUD/USD remains on the defensive above the mid-0.6500s, all eyes on RBA, Fed rate decision
AUD/USD loses ground near 0.6560 in Monday’s early Asian session. The RBA is anticipated to leave its key interest rate unchanged at 4.35% on Tuesday. The US FOMC is likely…
GBP/USD extends its downside below 1.2750, US data eyed
GBP/USD remains under pressure around 1.2745, losing 0.06% on the day. US Retail Sales rose 0.6% MoM in February from -1.1% in January, worse than expected. BoE’s Bailey said central…
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.…
