The current situation for this pair is similar to what we see with EUR/USD. Nothing significantly important happened during the past trading day; the price remained in a very narrow range throughout the day, without deciding which direction to move next.The decision was postponed for some time. Perhaps today…
As anticipated, the price has started to get caught up in a correction. The initial minor decline was quickly bought up halfway. Now, we are likely to see movement within a certain price range, with the eventual breakout expected to be downward. The anticipated decline is driven by the beginning of wave (3) in the…
USDCAD Price Analysis Expected ScenarioThe USDCAD price returned to test the broken support of the bullish channel but it bounced bearishly from there, to keep the correctional bearish trend scenario valid for the upcoming period, which targets 1.3590$ as a first negative station.We remind you that breaking the mentioned…
Investing.com– Most Asian currencies moved little on Friday in anticipation of key U.S. payrolls data due later in the day, although growing expectations of interest rate cuts saw the dollar headed for a weekly loss. Sentiment towards risk-driven assets improved this week following interest rate cuts from the and the . But mixed economic cues…
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It was a rally and reverse kind of day for the U.S. dollar, as it unwound its intraday gains while traders braced for a potential NFP miss. The ECB monetary policy decision also took the spotlight when the central bank surprised with a “hawkish cut” and spurred quick gains for the shared currency. Headlines: New…
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High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not…
AUD/USD posts modest gains around 0.6670 in Friday’s early Asian session. The softer US employment data this week triggered the Fed rate cut expectation in September. RBA’s Bullock said the central bank won’t hesitate to hike again if inflation remains sticky. The AUD/USD pair trades with mild gains near 0.6670 on Friday during the early…
It’s almost NFP Friday, fellas! What are market analysts expecting for the U.S. May employment report? And how might USD pairs react? Here are the things you need to take note of if you’re planning on trading this news event. This Article Is For Premium Members Only Become a Premium member for full…