Dollar bounces ahead of PCE data; euro slips on weak German retail sales

Dollar bounces ahead of PCE data; euro slips on weak German retail sales
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Dollar bounces ahead of PCE data; euro slips on weak German retail sales
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The EURUSD price provided positive trades yesterday but it declined strongly to settle below the bearish trend line again, to keep the bearish trend scenario active for the upcoming period, waiting to visit 1.0333$ followed by 1.0250$ levels mainly. The EMA50 forms continuous negative pressure that supports the expected…
The US dollar weakened further against the major currencies today, extending the declines that began during yesterday’s US trading session. The most notable gains came from the New Zealand dollar, up 0.41%, and the Australian dollar, up 0.40% versus the greenback. Elsewhere, the dollar was little changed against the British pound and slipped only modestly—around…
The Canadian dollar has edged lower on Friday. In the European session, USD/CAD is trading at 1.3793, down 0.19% on the day. We could see stronger movement from the Canadian dollar later in the day, as Canada and the US release the August employment reports. Canada’s employment expected to rebound Canada’s labor market took a…
The USD/CAD weekly forecast shows increased demand for the dollar. US inflation revealed weaker price pressures, increasing chances of a Fed rate cut in September. The Canadian dollar fell as oil prices dropped. The USD/CAD weekly forecast shows increased demand for the dollar amid easing global trade tensions. Ups and downs of USD/CAD The USD/CAD…The…
FDCTech, the owner of CFD broker Alchemy Markets, has secured shareholder approval to adjust its capital structure and prepare for uplisting to a major U.S. exchange. The company said the measures will support acquisitions and give it flexibility to meet regulatory requirements for a Nasdaq or NYSE listing. Shareholder Approvals Investors controlling most of FDCTech’s…
The S&P 500 index managed to climb to a new weekly high this morning at 5349.7. On Friday, the Nasdaq climbed to a new weekly high at the 18533.5 level. S&P 500 chart analysis The S&P 500 index managed to climb to a new weekly high this morning at 5349.7. The index has been…