The British pound is sloping down moderately, losing 0.08% amid risk sentiment in the market. In the evening session, the GBP / USD pair fell to a new low for the year at 1.3160 ​​amid the imposition of COVID-19 restrictions in the UK. GBP / USD Price Forecast: Has a downside bias, but a breakout […]
Tag: Macroeconomy
USD / CAD crosses 1.2655 level after BoC kept rates unchanged
USD / CAD trimmed some of Tuesday’s losses, climbing as much as 0.05%. The BoC kept its cash rate unchanged at 0.25%, as expected by investors. USD / CAD Price Forecast: Sloped lower, but risks to the upside persist. The USD / CAD it has declined modestly during the American session, trading at 1.2654 at […]
AUD / USD extends weekly rally, capped around 0.7145
AUD / USD is up nearly 2%, after trading at 0.6993 lows on Friday. Risk appetite favors risk-sensitive currencies, which is why the Australian dollar rises. AUD / USD Price Forecast: Leaning higher but facing strong resistance in the 0.7140-50 range. The AUD it continues to advance throughout the week, rising 1.9% from Friday’s low […]
NZD / USD rises around 0.6775 as Omicron concerns wane
-637744861273573951.png "NZD / USD rises around 0.6775 as Omicron concerns wane")
The NZD USD pair is up 0.27% amid positive risk appetite. The Omicron variant, although highly transmissible, seems mild on a case-by-case basis so far. NZD / USD Price Forecast: Tipped higher in the short term, but downside risks persist. After hitting a new low for the year on Monday, the NZD / USD it […]
Ivey PMI remains at 61.2 in November, equaling October figures
PMI Ivey held at 61.2 in November, indicating strong business conditions in Canada. USD / CAD did not react, but continued to trade near session lows at 1.2650, weighed down amid rising risk and oil prices. Canada’s Ivey PMI, which is released by the Richard Ivey Business School each month and captures business conditions in […]
The trade deficit for goods and services drops to $ 67.1 billion in October from an expected $ 66.8 billion
The US trade deficit narrowed in October, although not as much as expected. The DXY did not react to the data, although it recently rose above 96.50 again. The US goods and services trade deficit fell to $ 67.1 billion in October from $ 81.4 billion in September, reported Tuesday the US Census Bureau That […]
GBP / USD remains stable around 1.3250 amid positive market sentiment
-637744099147397366.png "GBP / USD remains stable around 1.3250 amid positive market sentiment")
The British pound has risen but has failed to capitalize on a bid towards 1.3300 amid risk appetite in a risky market. The BoE’s Broadbent is unclear on how he will vote at the December meeting. GBP / USD Price Forecast: Short-term up, but GBP bulls need to rally 1.3264. The GBP continues to advance […]
GBP / USD declines for the fourth day in a row, around 1.3235
-637741598184291593.png "GBP / USD declines for the fourth day in a row, around 1.3235")
The British pound is down for the fourth time this week, it appears to close below 1.3300. A subdued market sentiment hurts the outlook for the British pound as investors seek safe haven assets. GBP / USD: On the 4-hour chart, the 50 SMA has acted as resistance and the rallies towards the moving average […]
AUD / USD falls to new yearly lows around 0.7005, bears target 0.7000
-637741480715129463.png "AUD / USD falls to new yearly lows around 0.7005, bears target 0.7000")
AUD / USD falls sharply amid a US nonfarm payroll report that is not so bad. Bearish market sentiment hurts outlook for risk-sensitive currencies in forex market, AUD weakens. On the weekly chart, AUD / USD broke below 100 and the 200-week SMA, AUD has one eye of 0.6776. During the American session, after a […]
Dollar rises as focus shifts to November NFP nonfarm payrolls
This is what you need to know to trade today Friday, December 3: The US dollar DXY index it closed modestly higher for the second day in a row on Thursday and holds its ground early on Friday as investors brace for the November US jobs report. The investors expect NFP nonfarm payrolls to rise […]
