Oil’s Plunge Leaves Canadian Dollar Feeble
Oil fell for the fourth consecutive week. US jobless claims rose to 231,000, beating expectations of 220,000. US industrial production fell by 0.6% in October. The USD/CAD outlook is bright…
Yen Clings to 3-Decade Low Against Dollar
The yen is hovering near a one-year low on Monday of 151.92. Concerns about potential BOJ intervention could continue to hamper USD/JPY. The BOJ's policy measures did not significantly sustain…
Aussie Slides After Mixed Data
Business conditions in Australia remained stable in October. Australian consumer confidence fell after last week's rate hike. Traders are focused on US inflation figures due later on Tuesday. Bearish sentiment…
EUR/USD Price Mildly Gains Above 1.07 as Market Awaits US CPI
The bias is bullish as long as it is above the lower median line (lml). Removing the former high activates further growth. US CPI should bring sharp movements today. EUR/USD…
Pound Holds Gains After US Inflation
The pound rose on Tuesday as the dollar weakened. Data on consumer prices in the US for October indicate a further slowdown in inflation. Many analysts believe the Fed's interest…
Gold Price Preserving Gains After Downbeat US CPI Figures
The bias is bullish as long as it is above the upper median line. US economic data should bring a lot of volatility today. Removing static resistance activates further growth.…
Dollar Wallows After Soft Inflation Data
An unexpectedly softer US inflation reading weighed on the dollar. The euro was trading slightly below the more than two-month high reached on Tuesday. The data confirmed a slight decline…
Mixed Jobs Data Weighs on Aussie
Employment in Australia rebounded in October. Australia's unemployment rate rose slightly as more individuals actively sought work. Markets see little justification for a RBA hike in December. A fall in…
Markets Anticipate Delay in Fed Rate Cuts
There are signs that the Fed may delay any plans to cut interest rates. Japanese exports rose for the second consecutive month in October. Traders have reduced the likelihood of…
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