A combination of factors helps the USD CAD reverse an initial slide to the 1.2625-20 region. The optimistic US economic outlook and the rally in US bond yields continue to prop up the USD. A modest decline in oil prices weighs on the CAD and continues to support the rally in the pair. The pair […]
Tag: PolicyFiscal
AUD / USD falls to daily lows near the 0.07650 level
AUD / USD gained some traction on Monday, although it lacked a solid continuation. Friday’s upbeat NFP report and rising US bond yields continue to prop up the USD. Price action suggests that the recent downtrend in AUD / USD may be far from over. The pair AUD / USD has fallen around 70 pips […]
USD / JPY remains stable near multi-month highs just below the 108.50 level
Sustained USD buying continues to support buying tone around USD / JPY on Monday. Rising US bond yields and optimistic US economic prospects continue to support the USD. A softer risk tone offers some support to the safe-haven JPY and limits the pair’s gains. The pair USD/JPY maintains its modest gains at the start of […]
Dollar advances with yields after good NFP, focus on stimulus progress
This is what you need to know to trade today Monday, March 8: The US dollar is rising Monday after the Senate approved a modified version of the stimulus package and strong Non-Farm Payrolls figures on Friday. Rising yields and rising oil prices are in the spotlight. Go rEndowments of US 10-Year Treasury Bonds They […]
XAU / USD consolidates in a range near $ 1,715, awaiting Powell’s speech
Gold witnessed a modest short-hedging rebound amid mild oversold conditions. A rally in US bond yields, sustained USD buying limited any further gains. Investors are looking forward to Powell’s speech for significant business momentum. The oro it updated the daily highs, around $ 1,723 during the early days of the American session, although it declined […]
GBP / USD with modest losses below 1.3950
Sustained buying in USD triggers some selling around GBP / USD on Thursday. The drop appears limited ahead of Fed Chairman Jerome Powell’s speech. The pair GBP/USD it has rapidly retreated around 35-40 pips from the initial highs of the European session and has fallen to new daily lows, around the region of 1.3930-25, where […]
Biden accepts lower limits, paving the way for Senate approval
According to the latest information, the President of the United States. Joe Biden accepted a pledge whereby Americans will receive stimulus checks of $ 1,400. A deal with moderate Democrats in the Senate paves the way for approval in the upper house. According to Politico and other media, the federal supplement to unemployment benefits will […]
USD / CAD recovers quickly from weekly lows, jumps above 1.2650
USD / CAD posted a solid intraday rebound from levels below 1.2600 or weekly lows. Rising US bond yields benefited the USD and continued to support the move. Bullish oil prices supported the loonie and kept any significant gains in check. The pair USD / CAD it rallied over 60 pips from weekly lows and […]
GBP / USD remains stable above 1.3950, moving shortly after the UK budget / US ADP report.
GBP / USD struggled to preserve intraday gains and once again faced rejection near 1.4000. A strong rally in US bond yields sustained the USD and put some pressure on the pair. GBP bulls did not seem impressed by the UK budget statement and the disappointing US ADP report. A sudden spike in USD demand […]
USD / CAD retreats around the 1.2600 level near weekly lows
USD / CAD is witnessing some selling for the third day in a row on Wednesday. The pullback in US bond yields and risk appetite sentiment keep USD bulls on the defensive. A rebound in crude oil prices benefits the CAD and contributes to the pair’s selling bias. The USD / CAD moves lower during […]