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…
Australian Dollar recovers recent losses on higher ASX 200, US Dollar remains calm
Australian Dollar exhibits sideways movement with a bias to recover recent losses. Australia’s S&P/ASX 200 Index mirrors the gains seen on Wall Street overnight, avoiding the upbeat US Inflation data.…
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…
Australian Dollar experiences a decline amid a weaker ASX 200, US Dollar remains steady
Australian Dollar halts its winning streak amid a tepid US Dollar. Australia’s S&P/ASX 200 Index retreats from all-time highs as investors booked profits. China’s CPI YoY and MoM increased by…
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…
