USD/CAD holds above the 1.3600 mark ahead of US Jobless Claims data
USD/CAD drifts higher on the firmer US Dollar. The Bank of Canada (BoC) maintained its key overnight rate unchanged at 5.0%. ADP private payrolls climbed 103K in November versus 106K…
AUD/USD Price Analysis: Corrects from multi-month top, downside seems limited ahead of RBA on Tuesday
AUD/USD retreats after touching over a fresh five-month top during the Asian session on Monday. The cautious market mood underpins the safe-haven USD and weighs on the risk-sensitive Aussie. The…
USD/CAD retraces the recent losses as Crude prices drop, moves above 1.3650
USD/CAD receives upward pressure on weaker Crude oil. WTI prices fall as investors anticipate an agreement on supply cuts into 2024. CAD gained ground on upbeat Canada’s retail Sales on…
USD/CAD hovers around 1.3680 with a negative bias amid lowered Crude prices
USD/CAD seems biased to move downward despite the weakening in Crude oil prices. WTI prices lose ground on an unexpected delay in an upcoming OPEC+ meeting. US economic data turn…
USD/CHF consolidates near 0.8880 ahead of Swiss Industrial Production
USD/CHF faced challenges on concerns over China’s property sector. Swiss Franc could gain ground on prevailing risk-off sentiment. Upbeat US jobless claims data seem ineffective to the US Dollar’s resilience.…
Gold price trades with modest intraday gains, lacks bullish conviction
Gold price gains some positive traction during the Asian session on Thursday amid a softer risk tone. The US Dollar builds on the overnight bounce from a two-month low and…
Australian Dollar trims intraday gains ahead of US inflation data
Australian Dollar treads water while the US Dollar looks to recover losses. Australia’s consumer sentiment declined by 2.6% in November, compared to the previous growth of 2.9%. Greenback could gain…
USD/MXN Price Analysis: Extends its downside near 17.50 amid the oversold condition
USD/MXN remains under selling pressure on the weaker of the USD. The pair holds below the 50- and 100-day EMAs on the four-hour amid the oversold RSI condition. The immediate…
USD/CAD slides further below mid-1.3800s on rebounding Oil prices and a weaker USD
A combination of factors drags USD/CAD away from the YTD peak touched on Wednesday. A modest uptick in Oil prices underpins the Loonie and exerts pressure amid a weaker USD.…
EUR/USD Price Analysis: Retraces the recent gains, hovers below 1.0600
EUR/USD reverses the recent gains ahead of the Fed policy decision. MACD line lies above the signal line; suggesting a potential shift in momentum. A firm break above the 50-day…
