USD/CAD: Short-Term Momentum Slows, Approaching Neutral Territory – Scotiabank
The Canadian dollar (CAD) was little changed on the day. Sean Osborne, chief currency analyst at Scotiabank, said weakness in stocks contrasted with a stable market while short-term cash flows…
EUR/GBP Struggles Near 0.8350 as BoE’s Cautious Stance Sparks Downside Concerns
EUR/GBP is likely to weaken due to the latest UK economic report supporting cautious rate cuts from the Bank of England. ECB member Yannis Stonaras said the euro zone is…
Canada’s October CPI Expected to Remain Below 2%, Paving the Way for Further Bank of Canada Rate Cuts
Canada’s inflation rate is expected to rise by 1.9% annually in October. The Bank of Canada has cut its policy rate by 125 basis points so far this year. The…
USD/CHF Stays Under 0.8900 Amid Rising Russia-Ukraine Conflict Concerns
USD/CHF is trading lower near 0.8875 in European markets on Monday. U.S. retail sales rose 0.4% in October, up from 0.8% the previous month, a stronger-than-expected increase. Safe-haven flows are…
Gold Prices Hover Near Two-Month Low Amid Strong Dollar and Rising US Bond Yields
Gold prices remain in heavy sell-off amid ongoing Trump trade tensions. Optimism about strong U.S. economic growth pushed the dollar into the new year on Thursday. The rise in US…
EUR/AUD Price Outlook: Bearish Momentum Continues Around 1.6250
EUR/AUD fell to around 1.6250 during the Asian session on Wednesday. The cross is forming a bearish trend below the 100-period EMA and the RSI indicator is in a bearish…
Gold Struggles Near One-Month Low as USD Strengthens, Bears Target $2,600 Break
Gold prices remained near their lowest levels since Oct. 10. The Trump-related market has kept bond yields near multi-month highs, putting pressure on XAU/USD. Rising US bond yields have raised…
GBP Experiences Volatility Ahead of UK Employment Report
Average earnings excluding bonuses are expected to rise by 4.7% from 4.9% previously. Slower wage growth will increase expectations for further Bank of England rate cuts as it signals a…
Gold Price Gains Momentum as Investors Eye Upcoming US NFP Data
Gold prices traded in the positive territory in the Asian session on Friday. Uncertainty over the US election and regional risks are supporting gold prices, but a recovery could cap…
USD/CHF Holds Near 0.8650 with Potential Upside as US Treasury Yields Rise
USD/CHF will gain further value as US Treasury yields rise and the US dollar strengthens. The dollar was also supported by market caution ahead of the US presidential election. Safe-haven…
