USDCAD technicals The USDCAD is pushing to fresh lows as safe-haven demand for the U.S. dollar fades and rising oil prices provide a tailwind for the Canadian dollar. From a technical standpoint, the pair has broken below the prior low for the year, reaching 1.3574—its lowest level since early October 2024. The drop took the price beneath a key…
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The NY Times is reporting that Israel has resumed the attacks on Iran. The strikes are centered on Fordo, one of the main underground nuclear sites. Israel wants to cease Iranians production of nuclear weapons. I would expect that endeavor to continue until the mission is complete. This article was written by Greg Michalowski at www.forexlive.com.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does…
Baker Hughes rig count for the current week: Oil rig -3 at 439 Natural gas -1 at 113 Total recount -4 at 555 Versus a year ago the oil rig count is down from 485 or -46 rigs. That is a decline of 9.5%. Despite the decline,US oil production is at 13.43 million barrels per day, up from approximately…
USD/JPY trades above 144.00 as safe-haven flows boost the US Dollar amid rising Middle East tensions. BoJ is expected to hold rates steady, limiting support for the Yen despite earlier hawkish signals from Governor Ueda. Japan and the US prepare to meet at the G7 summit in Canada, where the two nations are expected to discuss bilateral relations and…
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The AUD/USD falls on rising geopolitical risks and a lack of fresh fundamental drivers in Australia. The US Dollar gains after Israel attacks Iran’s nuclear facilities, impacting demand for the Australian Dollar. The pair continues to be influenced by monetary policy expectations of both the Reserve Bank of Australia and the Federal Reserve. The Australian Dollar (AUD) is weakening…
Iran’s supreme leader Khamenei is addressing the Iranian people and says: Armed forces will leave Israel hopeless Israel will not remain unscathed Tehran will not go for half measures in its response. Iran is getting ready to launch 100 ballistic missiles toward Israel This article was written by Greg Michalowski at www.forexlive.com.
Euro hit hard despite stable EU inflation data as geopolitical tensions boost US Dollar. Israel’s strike on Iran triggers safe-haven flows into the Dollar; EUR/USD drops from 1.16 to 1.1488 intraday. Tehran cancels nuclear talks; risk sentiment deteriorates, overshadowing soft US inflation. Eurozone industrial output contracts sharply; German CPI steady at 2.1%, but French and Spanish inflation slip below…
