USD/CAD Rises
USD/CAD trades higher on Friday The Canadian Dollar edges lower amid falling oil prices. The pair remains supported due to the Canadian Dollar's weakness. The USD/CAD rose 0.13% to near 1.4200.
Category forex
Gold Rises Amid US Holiday
Gold gains $53 to $4147 Gold rallied in Asia, holding gains in quiet holiday trading. It's up $53 to $4147, looking to climb for the first week in five. The gain came in a burst in Asia, topping out at $4194 before chopping sideways. Gold has struggled since topping
ECB Rate Hike Bias Lifts EUR as LNG Prices Stay Elevated
MUFG analysts say persistent energy costs keep Eurozone inflation risks high, supporting further ECB tightening and EUR strength. EUR/USD may gain from a weaker USD and the European Central Bank’s hawkish stance, driven by elevated LNG prices. Liquefied natural gas costs r
EUR/USD Holds Below 1.1475 as Dollar Weakness Persists Post-NFP
The Euro struggles to break resistance at 1.1475 despite a softer USD following weaker-than-expected US jobs data. The EUR/USD pair remains capped below 1.1475 on Friday, extending gains for a second day as the US Dollar weakens. The move follows Thursday’s disappointing U
EUR/USD Holds Below 1.1475 After Weak US Jobs Data Weighs on USD
June US Nonfarm Payrolls missed forecasts at 57K, cooling Fed rate hike bets and lifting the Euro against the Dollar. The Euro rose against the US Dollar for a second day as softer-than-expected US jobs data dampened expectations for Federal Reserve rate hikes. June Nonfar
ISM Services Index Seen Falling to 54.0 in June on Activity Slowdown
TD Securities forecasts a decline in the June ISM Services index, citing weaker activity, new orders, and persistent labor contraction. The ISM Services index is expected to drop to 54.0 in June from May’s gain, reflecting broad-based slowing in U.S. activity and new order
Dollar Index Slides on Weak June Payrolls, Fed Rate Hike Bets Ease
US jobs data missed forecasts sharply, pushing traders to trim Federal Reserve rate hike expectations for September. The US Dollar Index fell near 100.70, down 0.66% for the week, after June Nonfarm Payrolls rose by 57K, well below the 110K estimate. May’s figure was also
USD/JPY Short-Term Bias Shifts Lower After Drop to 160.62
UOB analysts see downside risks for USD/JPY after its sharp decline, though oversold conditions may limit further losses. The Japanese yen’s sudden rebound against the US dollar has altered the short-term outlook for USD/JPY, which plunged to 160.62. Analysts now see a low
Japanese Yen: Upside Risks after Sharp Rebound Against US Dollar – UOB
UOB’s Quek Ser Leang highlights that USD/JPY’s unexpected plunge to 160.62 has shifted the short-term bias lower, even as oversold conditions suggest scope for a rebound within 160.80–161.90 intraday. Over one to three weeks, further downside toward 160.00 is possible only
EUR/USD Holds Below 1.1475 as Dollar Weakness Persists
The Euro gains for a second day following weak US jobs data but fails to break key resistance at 1.1475. The EUR/USD pair remains below the 1.1475 resistance level despite a second consecutive day of gains for the Euro. Weakness in the US Dollar follows Thursday’s disappoi