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USDCAD Technical Analysis – Better mood in the markets lifts the Loonie | Forexlive
Fundamental Overview The weak US NFP report last Friday triggered risk-off flows. Things got dire on Monday as the Japanese Nikkei dropped 12% overnight and we saw a general selloff in global stock markets. At one point, the markets saw the Fed cutting rates by 136 bps by year-end and some chances of an emergency…
Forex analytics. The euro is trapped
Traders have been waiting for news about the de-escalation of the conflict in the Middle East for a long time to buy stock indexes and EURUSD. They followed old patterns, including the markets’ reaction to America’s Liberation Day with its tariffs a year ago. However, in fact, they drove themselves into a trap. The Strait…
Stripe Total Payment Volume Hits $1.4T in 2024
Stripe revealed Thursday that it processed $1.4 trillion in total payment volume in 2024, a 38% year-on-year increase, as the company’s long-term investments in artificial intelligence (AI) and financial infrastructure continued to drive growth. The payments giant said in a press release that it now handles transactions equivalent to 1.3% of global GDP and is…
Dollar’s Wild Week Ends in Uncertainty, Awaits Next Tariff Cue – Action Forex
Dollar faced significant volatility last week as shifting trade policy signals from the White House left investors scrambling for clarity. Initially, tariffs on Canadian and Mexican imports were imposed, only to be quickly suspended for 30 days following new agreements on border security and fentanyl control. Now, the focus turns to “reciprocal tariffs,” a move…
Ripple Backs Asia’s First XRP Tracker Fund Launched by HashKey Capital
HashKey Capital has launched the HashKey XRP Tracker Fund. It is the first fund in Asia designed to track the price of XRP. Ripple, a blockchain-based payments company, will be an early investor in the fund. Last year, HashKey Capital obtained Type 4 and upgraded Type 9 licenses from the Securities and Futures Commission (SFC),…
Investors Flock to the US Dollar Amid Escalating Geopolitical Tensions
The currency pairs USD/JPY and USD/CAD are showing significant gains amid the intensifying conflict between Israel and Iran, which has pushed oil prices higher. Investor fears have driven demand for the US dollar – a so-called safe-haven asset. Statements by Donald Trump regarding the start of Iran’s “unconditional capitulation” and the US’s readiness to completely…
