Loonie trims weekly losses, loses 0-01% on dismal market sentiment. The longer the war between Russia and Ukraine, the heavier the burden of global inflation will be as commodities recover. USD/CAD Price Forecast: Will continue lower except USD bulls push the pair decisively above 1.2530. The USD/CAD extends its fall for the second consecutive day; […]
Tag: Macroeconomy
Dollar extends decline along with yields, focus on key EU and US data
This is what you need to know to trade today Wednesday March 30: the renewed optimism for a diplomatic solution to the conflict between Russia and Ukraine on Tuesday allowed risk-on money flows to dominate financial markets and caused the US dollar to lose interest. The dollar remains on the defensive at the start of […]
USD/CAD trades around 1.2515 amid better market mood and USD weakness
USD/CAD erases Monday’s gains and trades near its close. Risk appetite in the market weighed on the USD, which slightly boosted the CAD. The Fed and BoC will aggressively raise rates in 2022, as money market futures show. USD/CAD Price Forecast: The pair is biased lower. The USD/CAD It has barely remained sideways during the […]
Market sentiment improves ahead of US consumer confidence data.
This is what you need to know to trade today tuesday march 29: Wall Street’s main indices ended up closing the first day of the week in positive territory, with the US dollar losing some interest. The DXY dollar index is consolidating its recent gains close to the 99.00 level at the start of the […]
GBP/USD falls below 1.3100 on mixed sentiment and firm dollar
GBP/USD is down 0.75% on the day amid a mixed market mood and a firm US dollar. The Covid-19 Omicron outbreak in China and unchanged Russian-Ukrainian discussions continue to weigh on appetite for riskier assets, weighing on the British pound. GBP/USD Price Forecast: Bias to the downside, targeting 1.3000. The GBP starts the week down […]
The dollar rises along with US yields at the beginning of the week
This is what you need to know to trade today monday march 28: The dollar is gaining strength against its main rivals at the beginning of the week, supported by rising US Treasury yields. The observed negative shift in risk sentiment is also giving the dollar an additional boost. . Data from the February Trade […]
GBP/USD trims two days of losses but fails to recover 1.3200 amid positive sentiment
The British pound barely advanced 0.01% on the day. Gloomy economic data out of the UK weighed on the GBP/USD pair. GBP/USD Price Forecast: Path of least resistance is skewed to the downside as GBP bulls failed to recapture 1.3200. The British pound recovered from intraday losses in the mid-American session, although it failed to […]
EUR/USD stuck to the 1.0980-1.1000 region in a swing trading session
The shared currency is barely moving against the dollar as traders head into the weekend. The EU and the US reached an agreement on the supply of natural gas. EUR/USD Price Forecast: Confined to 1.0960-1.1000 Range. The EUR/USD remains dovish amid a choppy trading day as the market mood continues to shift from one risk […]
USD/CAD slides towards 1.2500, struggles despite dollar weakness
The Loonie extends its weekly gains, up 0.8% so far against the US dollar. The Russia-Ukraine conflict remains deadlocked in negotiations, while the US and the EU agreed on the supply of natural gas. Goldman Sachs and Citigroup expect two 50bp hikes from the Fed. USD/CAD Price Forecast: The positive divergence between the RSI and […]
Dollar loses traction as markets remain choppy
This is what you need to know to trade today friday march 25: The US dollar index DXY pulls back early on Friday after closing the previous two days in positive territory as markets remain choppy as they assess the latest geopolitical developments. The Institute Ifo to release business sentiment data for Germany later in […]
