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…
EUR/USD consolidates around mid-1.0800s ahead of US data, Fed’s Powell
EUR/USD ticks lower on Wednesday, though the downside remains cushioned. Bets for a June Fed rate cut weigh o the USD and lend some support to the pair. Traders now…
NZD/USD hovers around 0.6090 amid risk aversion ahead of US labor data
NZD/USD faces struggles as traders adopt cautious stance before US key data. Fed’s Powell will testify before the US Congress regarding the Semi-Annual Monetary Policy Report on both Wednesday and…
Gold price consolidates near two-month peak, bullish potential seems intact
Gold price pauses after last week’s strong positive move to a fresh YTD top. Slightly overbought RSI on the daily chart acts as a headwind for the metal. Traders also…
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…
EUR/USD Price Analysis: Depreciates to near 1.0820 before the 21-day EMA
EUR/USD could meet the immediate support at the 21-day EMA at 1.0808. Technical analysis suggests a momentum shift toward upward momentum. The key support region appears around the major barrier…
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…
