When crude oil prices spiked past $83 a barrel this week due to supply threats in the Strait of Hormuz, the Canadian dollar (CAD) began outperforming most major currencies. This occurred because Canada’s status as a top global oil exporter means its currency naturally tends to strengthen when energy prices rise. If you are wondering why the CAD is…
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 invest money that you…
AUD/USD extends its pullback and trades around 0.6990 on Tuesday at the time of writing, down 1.36% on the day, after breaking below the 0.7000 level. The pair is now hovering at multi-week lows, pressured by renewed demand for the US Dollar (USD) and a market environment dominated by risk aversion. The US Dollar Index (DXY), which tracks the…
2026.03.03 2026.03.03 What is MetaTrader? Difference Between MT4 and MT5 Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ Choosing between MT4 and MT5 is a common dilemma for traders. Both platforms belong to the MetaTrader family created by MetaQuotes, yet they offer different tools and trading opportunities. MetaTrader 5 was launched in 2010 as a more advanced platform with futures trading capabilities and a more…
EUR/GBP is testing the bottom of an uptrend support zone! Think the pair will swing higher in the next trading sessions? Here’s what we’re looking at on the 4-hour time frame: EUR/GBP 4-hour Chart Faster With TradingView Middle East tensions weighed on sentiment toward the Euro Area, which likely explains Monday’s sharp drop in EUR/GBP. Sterling did not offer…
The USD/CAD is currently locked in a tug-of-war as technical support meets a sharp fundamental shift in energy markets. While broad US Dollar strength provided an early lift, the pair has encountered a significant “ceiling” that remains unbroken. The Fundamental Context: Oil vs. Greenback The primary catalyst for the recent reversal is a 7.3% surge in Crude Oil prices….
MUFG’s Senior Currency Analyst Lee Hardman reports that the Australian Dollar and Canadian Dollar are holding up better against the US Dollar than European currencies. The Aussie is supported by hawkish remarks from RBA Governor Bullock, who stressed every meeting is live and highlighted upside inflation risks from Middle East tensions. Higher Australian yields support AUD, though sustained energy-driven…
2026.03.03 2026.03.03 Yen Under Pressure As Middle East Conflict Causes Energy Concerns. Forecast as of 03.03.2026 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ While Japan managed to stop USD/JPY bulls in January, the situation changed in March. The US dollar is rapidly strengthening due to the conflict in the Middle East. Let’s discuss this topic and make a trading plan. The article covers the…
Expectations for a March RBA rate hike are running pretty high these days, so will the upcoming Australian GDP release cast doubts or seal the deal? Here’s what to look out for.
There was a bit of profit-taking at the onset yesterday but given time to digest the Middle East situation, we’re starting to see oil prices surge higher again today. The jump on the day now sees prices move back up to contest the highs from the opening gap higher yesterday. WTI crude oil is now up well over 5%…
