The Canadian dollar is showing limited movement on Tuesday. Early in the North American session, USD/CAD is trading at 1.3601 at the time of writing, up 0.10% today. Canada’s CPI declines more than expected Canada’s inflation rate dropped to 2% in August. This was down sharply from 2.5% in July and below the market estimate…
Session Average Date Range MT4: Analyze and average the High-Low Range of specific trading sessions within custom date ranges, offering insights into price movements and market behavior over selected periods. The “Session Average Date Range” tool is an advanced analytical utility designed to empower traders and analysts by allowing them to dissect and evaluate the volatility of…
It’s time for the blockbuster event of the month: the September FOMC decision! Will policymakers go for the standard 0.25% rate cut or will they level up with a 0.50% reduction in borrowing costs? Here’s what market analysts are expecting for the event and how USD pairs could react. This Article Is For…
Revolut is preparing to enter the Indian market next year. The company aims to target high-end consumers in India, the world’s most populous country, as part of its expansion strategy. Revolut first established a presence in India in April 2021. However, it was only earlier this year that the company received an in-principle authorization from…
– The decline in the price of bitcoin and other cryptocurrencies this week is most likely due to investors anticipating the upcoming decision by the US Federal Reserve regarding a rate cut. The announcement will be made following the conclusion of the meeting on 18 September. However, as some analysts have noted, the timing of…
LONDON (Reuters) -The dollar hovered near its lowest levels of the year on Tuesday, a day before the expected start to a U.S. easing cycle that markets are wagering may begin with an outsized rate cut. The euro hovered around $1.1132, not far from the year’s high of $1.1201. The yen eased to 140.71 after…
BOE Rate Decision: A Likely Hold Before the Data XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX;visibility:hidden”> Source link
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USDDespite sliding through the early part of Monday trading, the broad dollar stabilised from mid-day onwards, with markets continuing to assess the merits of a 25bp vs 50bp cut from the Fed on Wednesday. With the decision hanging in the balance, at least according to market pricing, today’s retail sales data now takes on extra…
The D2T/USD market saw a 2.5% rise today, reaching $0.0024, driven by a renewed bullish sentiment in the market. This marks a notable recovery for the asset, which had faced challenges in recent weeks. However, resistance is building around the $0.0025 level, with bearish pressure still present, and the overall market outlook remains largely consolidative….