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Read more about the article USD/CAD Outlook: Canadian Dollar Edges Higher on Upbeat Data

USD/CAD Outlook: Canadian Dollar Edges Higher on Upbeat Data

  • Post author:admin
  • Post published:March 1, 2024
  • Post category:news
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The Canadian economy grew at an annual rate of 1.0% in the fourth quarter. The Bank of Canada is likely to pause rates next week. US inflation data is in…

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Read more about the article Gold Price Rally Stalls by $2,050, Focus on US Data

Gold Price Rally Stalls by $2,050, Focus on US Data

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  • Post published:March 1, 2024
  • Post category:news
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A new higher high activates further growth. A break of 2,041 signals a deeper decline. US data could change the mood. The gold price hit a new multi-day high of…

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Read more about the article EUR/USD Price Wobbling Near Resistance, All Eyes on Core PCE

EUR/USD Price Wobbling Near Resistance, All Eyes on Core PCE

  • Post author:admin
  • Post published:February 29, 2024
  • Post category:news
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The bias is bearish as long as it is below the upper median line. US economic data should bring strong action. A breakout from the upper channel signaled a new…

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Read more about the article AUD/USD Outlook: Aussie Neutral Amid Mixed Economic Signals

AUD/USD Outlook: Aussie Neutral Amid Mixed Economic Signals

  • Post author:admin
  • Post published:February 29, 2024
  • Post category:news
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Australian retail sales rebounded in early 2024 after falling in December. Annual sales growth in Australia remained low due to high interest rates. Markets braced for another US inflation report…

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Read more about the article USD/JPY Forecast: Yen Surges on Hawkish BoJ Remarks

USD/JPY Forecast: Yen Surges on Hawkish BoJ Remarks

  • Post author:admin
  • Post published:February 29, 2024
  • Post category:news
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Hajime Takata said there are signs the BoJ will soon reach its 2 percent inflation target. The yen remains among the worst performing G10 currencies against the dollar this month.…

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Read more about the article Gold Price Turns Bearish Ahead of US GDP, Support at $2,025

Gold Price Turns Bearish Ahead of US GDP, Support at $2,025

  • Post author:admin
  • Post published:February 28, 2024
  • Post category:news
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A new lower low triggers a deeper decline. US data could bring some action. A breakout from the upper channel signaled a new leg down. The price of gold has…

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Read more about the article AUD/USD Price Analysis: Aussie Slides on Softer Inflation

AUD/USD Price Analysis: Aussie Slides on Softer Inflation

  • Post author:admin
  • Post published:February 28, 2024
  • Post category:news
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Australian inflation missed forecasts, settling at a two-year low of 3.4% in January. There is a 60% chance that the RBA will cut rates in August. Data on Tuesday revealed…

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Read more about the article GBP/USD Forecast: Sellers Emerge Ahead of US Core PCE Data

GBP/USD Forecast: Sellers Emerge Ahead of US Core PCE Data

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  • Post published:February 28, 2024
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Investors positioned themselves ahead of the core PCE price index. Consumer confidence in the US has fallen due to fears about the economic outlook. Economists expect the core PCE price…

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Read more about the article EUR/USD Price Showing Exhaustion Signs Under 1.0800

EUR/USD Price Showing Exhaustion Signs Under 1.0800

  • Post author:admin
  • Post published:February 19, 2024
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Removing the downtrend line activates a bigger rally. Canadian inflation data should have an impact tomorrow. The bias remains bearish as long as it remains below the downtrend line. The…

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Read more about the article GBP/USD Forecast: Friday’s Positive Sales Boosting Pound

GBP/USD Forecast: Friday’s Positive Sales Boosting Pound

  • Post author:admin
  • Post published:February 19, 2024
  • Post category:news
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The pound extended Friday's gains on upbeat retail sales data. The dollar was weaker as US markets closed for the President's Day holiday. This week, traders will focus on minutes…

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