The USDCAD is climbing higher at the start of the new trading week, supported by the USD’s upward momentum. The pair is approaching two significant technical levels: the 100-bar moving average (MA) on the 4-hour chart and the broken 38.2% retracement of November’s trading range. These levels were breached on Friday, but the move lacked momentum, leading to a…
EUR/USD loses momentum to near 1.0530 in Monday’s Asian session. Eurozone’s inflation rose to 2.3% YoY in November. The cautious stance of the Fed provides some support to the USD and acts as a headwind for EUR/USD. The EUR/USD pair faces some selling pressure to around 1.0530 amid the firmer US Dollar (USD) during the early Asian trading hours…
Hong Kongs Hang Seng index is expected to open up 0.1% at 19,442.31 China’s CSI300 is set to open down -0.2% while China’s Shanghai composite index is set to open up 0.1% This article was written by Greg Michalowski at www.forexlive.com.
Gold price trades in negative territory near $2,645 in Monday’s early Asian session. Trump trades and the Fed’s cautious stance undermine the yellow metal price. The geopolitical risks might help limit Gold’s losses. Gold price (XAU/USD) edges lower to around $2,645 during the early Asian session on Monday. A recovery in the US Dollar broadly weighs on the precious…
The major currency pairs are off and running….well walking…. with modest changes to start the new trading week. Versus the USD: EUR +0.06% JPY -0.08% GBP+0.03% CHF Unchanged CAD -0.08% AUD-0.05% NZD +0.03% Bitcoin closed on Friday at $97,512 and the digital currency is trading at $97,522 after reaching a high of $97,880 (today) and a low at $95,758…
The Pound Sterling’s recovery against the US Dollar stalls after refreshing a two-week high near 1.2750. The US Dollar is preset to end the week on a negative note. Investors expect the BoE policy-easing cycle will be slower than in the US. The Pound Sterling (GBP) surrenders its intraday gains after refreshing a two-week high near 1.2750 against the US Dollar (USD) in Friday’s…
This week our currency strategists focused on the Australian CPI update and the RBNZ Monetary Policy Statement for potential high-quality setups. Out of the six scenario/price outlook discussions this week, two discussions arguably saw both fundie & technical arguments triggered to become potential candidates for a trade & risk management overlay. Check out our review on those discussions to…
Prior +0.9% HICP +1.6% vs +1.5% y/y expected Prior +1.0% The nudge higher owes to base effects, similar to the rest of the euro area. However, core annual inflation is also seen marginally higher on the month – up from 1.8% in October to 1.9% in November. That said, it is still holding under 2% so that’s some comfort…
EUR/CAD rose by 0.26% on Friday. A break and close below 1.4800 could signal further bearish momentum in the short term. The EUR/CAD pair saw a slight uptick in Friday’s session, climbing by 0.26% to reach 1.4825. However, despite this modest gain, the pair remains below its 20-day Simple Moving Average (SMA), having recently completed a bearish crossover between…
There is no trade off between financial stability and growth Stress testing will help with competitiveness of financial sector Not seeing signs of higher corporate distress in relation to the budget Have to watch for how the effects of the budget will pass through BOE has sought to deliver financial stability while also supporting the economy (Breeden) We do…
