Similar Posts
USD/CAD Price Forecast: Extends the range play below 200-day SMA, 1.4000 mark
USD/CAD trades with a negative bias in the weekly range amid a softer USD, rising Oil prices. The mixed technical setup warrants some caution before placing aggressive directional bets. A sustained strength beyond the 1.4000 confluence will be seen as a fresh trigger for bulls. The USD/CAD pair attracts some sellers for the second straight…
European Currencies Test Recent Extremes Ahead of US Inflation Data
Against the backdrop of yesterday’s announcement of a 90-day pause on previously imposed tariffs by the Trump administration, volatility in the currency markets has sharply increased again. European currencies, such as the Swiss franc, euro, and pound, continue to test recent extremes, awaiting the release of inflation data from the US. The events of this…
Markets Weekly Outlook – PMI and PCE in the Spotlight as US Dollar Remains Sensitive to US Labor Data
So how did the markets perform? The S&P 500 and the Nasdaq stock indexes are on track to have their third consecutive week of gains. This positive trend was fueled by the Federal Reserve’s first interest rate cut of 2025 and hints that more relaxed monetary policies could be on the way. A renewed sense…
AUDUSD runs higher and toward May 2024 high and the 50% of the range since the 2023 high | Forexlive
The AUDUSD has moved sharply higher after the better-than-expected US CPI data. The move to the upside has taken the price to the 0.67000 level. Just above that level is the May 2024 high at the same level. The dual level increases the levels importance going forward (and through the FOMC rate decision). Going forward…
