NZD/CAD can’t seem to crack fresh lows as it tests a technical support area. Will this lead to a bounce higher for the pair? We’re keeping a close eye on the 4-hour chart for clues! NZD/CAD 4-hour Forex Chart by TradingView The New Zealand dollar got a bit of love earlier today after the Reserve Bank of New Zealand…
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…
USD/CAD depreciates as US Dollar declines following updated Trump’s tariff rates. President Trump announced new tariffs of up to 40% on 14 countries. The Canadian Dollar remains stable as the Prime Minister Office said that Canada was not targeted by the US tariffs. USD/CAD depreciates after registering over 0.50% gains in the previous session, trading around 1.3650 during the…
2025.07.08 2025.07.09 Weekly Economic Calendar for 14.07.2025–20.07.2025 Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ Following the reports on the US labor market and business activity data at the beginning of July, the US dollar requires new drivers to resume its upward momentum. Should the data indicate an acceleration in US inflation, the greenback will likely surge. Meanwhile, the US currency remains under pressure. Additionally,…
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…
The Indian Rupee rebounds against the US Dollar amid firm expectations that India and the US will reach a deal soon. Trump slams 14 countries with reciprocal tariffs on Monday. Investors await the FOMC minutes to be released on Wednesday. The Indian Rupee (INR) recovers against the US Dollar (USD) during the European trading session on Tuesday. The USD/INR…
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…
Gold prices fell in United Arab Emirates on Tuesday, according to data compiled by FXStreet. The price for Gold stood at 393.28 United Arab Emirates Dirhams (AED) per gram, down compared with the AED 394.02 it cost on Monday. The price for Gold decreased to AED 4,587.12 per tola from AED 4,595.75 per tola a day earlier. FXStreet calculates…
A huge build while a draw was expected. Via oilprice.com: — Expectations I had seen centred on: Headline crude -2.1 mn barrels Distillates -0.3 mn bbls Gasoline -1.5 mn This data point is from a privately-conducted survey by the American Petroleum Institute (API). It’s a survey of oil storage facilities and companies The official report is due Wednesday morning…
Australian Treasurer Jim Chalmers said on Tuesday that the Reserve Bank of Australia (RBA) hold is not the result millions of Australians were hoping for or what the market was expecting. Chalmers further stated that the Australian central bank has indicated the direction of travel on inflation and interest rates has been established. Market reaction At the time of…
