The Canadian Dollar (CAD) slumped 0.4% against the U.S. Dollar (USD) on Friday after Canada’s October employment report fell short of expectations, curbing hopes for a near-term technical recovery. The disappointing jobs data, coupled with an unexpected rise in average wages, adds new challenges for the Bank of Canada (BoC) […]
The US Dollar (USD) has maintained strong momentum, driven by the potential for a Republican clean sweep in the upcoming elections and market speculation on Donald Trump’s future policy agenda. According to ING’s FX Analyst Antje Praefcke, betting markets now predict a 93% chance of Republicans winning the House, which […]
The NZD/USD pair has recently made an upward move, recovering from losses and trading around 0.5990 in early European trading on Thursday. This price action has caught the attention of market watchers as it pushes through the critical 14-day Exponential Moving Average (EMA) near the 0.6000 level, signaling a potential […]
West Texas Intermediate (WTI) oil prices have been under pressure, extending their losses for the second consecutive session. As of Thursday morning, the price hovered around $71.40 per barrel, a key level that marks a breach of the previously bullish ascending channel pattern. WTI Breaks Below Key Support Levels The […]
The Pound Sterling (GBP) has made a notable recovery against the US Dollar (USD), bouncing back to near 1.2935 in Thursday’s London session after briefly hitting an 11-week low of 1.2830 earlier in the week. This rebound follows a slight correction in the US Dollar, which had surged following Donald […]
EUR/GBP continues to face selling pressure on Thursday morning, trading around 0.8315 as market participants prepare for the Bank of England’s (BoE) interest rate decision. The pair is under scrutiny as the UK central bank is widely expected to cut the benchmark interest rate by 25 basis points, lowering it […]
The Bank of England (BoE) is expected to implement a 25-basis-point rate cut on Thursday, November 7, 2024, as inflationary pressures in the UK continue to ease. This move marks the second rate reduction in 2024, following September’s decision to hold rates steady at 5.00%. Investors are now focused on […]
The US Dollar (USD) surged to new heights on Wednesday, fueled by market optimism surrounding Donald Trump’s presidential victory. This rally saw the USD Index achieve its largest one-day gain of the year, up over 1.5%, as the dollar outperformed its major rivals. Wall Street also saw a significant boost, […]
Gold prices remain under significant pressure despite a slight dip in the US Dollar as the market gears up for the Federal Reserve’s upcoming policy decision. Trading around $2,650 per troy ounce on Thursday, gold (XAU/USD) has extended its losses, marking the second consecutive session in the red as safe-haven […]
The GBP/USD pair has seen a moderate recovery, moving away from its lowest levels since mid-August as it climbs back above the 1.2900 mark during the Asian trading session. This upward momentum follows some cautious repositioning by traders ahead of critical policy announcements from the Bank of England (BoE) and […]
