On Tuesday, the shared currency trims some of Monday’s losses, rising 0.07%. Risk appetite increased, despite the continued escalation of the Russia-Ukraine conflict and an aggressive Fed line. EUR/USD Price Forecast: Downside Bias Below 1.1100. After two days of losses in the American session, the shared currency rises amid a risk-on market mood and a […]
Tag: Macroeconomy
USD/CAD rises and breaks above 1.2600
USD/CAD rises after five days in bearish numbers. Fed Chairman Powell approves 50bp rate hikes and it could happen not just once. USD/CAD Price Forecast: Broke 200 DMA, exposing USD/CAD to further downside pressure with 1.2500 as the next target. The USD/CAD breaks five days of consecutive losses amid a mood of risk appetite in […]
Dollar continues to gain strength on rising yields
This is what you need to know to trade today tuesday march 22: The dollar continues to outperform its rivals after starting the new week at a strong pace. As a result of rising US Treasury yields, the US Dollar Index is moving towards 99.00 this Tuesday. The economic calendar will not include any high-level […]
NZD/USD stops at the 200 DMA and falls below 0.6900
New Zealand dollar pulls back from last week’s highs on bearish market sentiment. Fed’s Powell: If necessary, the Fed would raise rates more than 25 bps in a meeting or meetings. NZD/USD Price Forecast: Neutral to the Upside, Daily Close Above 200 DMA Required to Extend Uptrend Further. The NZD/USD starts the week with a […]
AUD/USD finds resistance around 0.7425 on risk aversion
The Australian dollar falls 0.12% in the American session. Talks between Russia and Ukraine stall as fighting in Mariupol escalates. AUD/USD Price Forecast: The bias remains to the upside, confirmed by an upside breakout of a falling wedge and the 200 DMA. The AUD/USD starts the week off on the wrong foot as it falls […]
Retail sales rise 3.2% in January vs. 2.4% expected
Canadian retail sales rose at a 3.2% mom pace in January, much stronger than the 2.4% gain expectedmarking a strong rebound after the impact of the Omicron variant of Covid-19 in December, which induced a drop of -1.8%. On the other hand, retail sales excluding vehicles to motorcycles rose 2.5%, above the 2.4% expected and […]
Dollar Stabilizes Amid Poor Market Mood
This is what you need to know to trade today friday march 18: The dollar continued to weaken against its main rivals on Thursday, but the negative turn in risk sentiment helped the currency shake off selling pressure in the early hours of Friday. The euro zone’s January trade balance and February’s US existing home […]
Philadelphia Fed manufacturing index rises to 27.4 points in March vs. 15.0 expected
The Philadelphia Fed manufacturing index rises to 27.4 points in March from 16.0 seen in February and against an expected drop. Currency markets don’t have much of a reaction to the latest batch of US data. According to a report from the Federal Reserve Bank of Philadelphia released Thursday, the manufacturing activity index of the […]
Weekly jobless claims fall to 214,000, their lowest level so far this year
There were 214,000 weekly jobless claims in the United States in the week ending March 12, better than the 220,000 expected. Currency markets did not see much of a reaction to the latest batch of US data. The US reported 214,000 weekly jobless claims in the week ending March 12, down from the 220,000 expected […]
The dollar falls despite an aggressive Fed, the focus is on the BoE
This is what you need to know to trade today Thursday March 17: The risk appetite money flows dominated financial markets during the second half on Wednesday despite aggressive policy views from the US Federal Reserve. The US dollar index, which fell 0.6% on Wednesday, remains relatively quiet in early Thursday as investors await the […]
