Chat with us, powered by LiveChat

USD/CAD Retreats Ahead of US Retail Sales, BoC Inflation Data in Focus

usd-cad_assetssignals_article image

USD/CAD dipped to 1.3730 early Monday, consolidating gains as markets await critical US Retail Sales figures. The Loonie (CAD) exhibits strength while the US Dollar Index (DXY) trades near a six-month high of around 106.00. Market Movers: Retail Sales, BoC Outlook Technical Outlook: USD/CAD Uptrend Intact, Key Levels to Watch USD/CAD’s recent breakout from an […]

USD/JPY Retreats After Weak US Data, Buyers Consolidate

USD-JPY_assetssignals_article image

USD/JPY is trading slightly lower at 152.95 following a drop in US consumer confidence as measured by the University of Michigan (UoM) Consumer Sentiment Index. However, the pair is poised for a weekly gain on the back of recent strong inflation data. US Sentiment Weakened, Inflation Expectations Tick Up The UoM Consumer Sentiment Index fell […]

GBP/USD: Pound Sterling Slides as Fed Rate Cut Expectations Fade

GBP-USD_assetssignals_article image

The Pound Sterling (GBP) remains under pressure against the US Dollar early Thursday, reaching a two-month low near 1.2520. The selloff intensified as persistent US inflation data dampened expectations for near-term Federal Reserve (Fed) rate cuts. Market Sentiment: Dollar Strengthens, Rate Cut Expectations Shift Hotter-than-expected US Consumer Price Index (CPI) and Nonfarm Payrolls (NFP) data […]

Gold Price Retreats from Highs on Hot US Inflation Data

xau usd image

Gold (XAU/USD) tumbled from fresh highs near $2,365 early Wednesday after a surprisingly strong US Consumer Price Index (CPI) report for March. Headline inflation rose 3.5% annually, exceeding expectations of 3.4% and the prior 3.2% reading. Core CPI (excluding volatile food and energy) also increased steadily at 3.8%. This inflation data fuels speculation that the […]

Canadian Dollar Retreats on Souring Market Sentiment Ahead of US CPI

usd-cad_assetssignals_article image

The Canadian Dollar (CAD) is shedding Monday’s gains on Tuesday as a shift towards risk-off sentiment boosts the US Dollar. Equity markets are declining, and investor attention is focused on Wednesday’s release of the crucial US Consumer Price Index (CPI) data. US Inflation Data: Catalyst for CAD Movement Expectations for the CPI report are mixed. […]

EUR/USD Rebounds to 1.0850 on Improved Sentiment, US Inflation Eyed

EUR_USD_assetssignals_article image

The EUR/USD pair recovered to 1.0850 early Monday as risk appetite improves, offsetting the impact of diminished expectations for a June Federal Reserve (Fed) rate cut. S&P 500 futures opened slightly higher, while 10-year US Treasury yields, now near four-month highs at 4.43%, reflect the shift in expectations for rate cuts toward the latter half […]

EUR/USD Dips on Strong US Jobs Data, Eyes Next Week’s Inflation Report

EUR_USD_assetssignals_article image

The EUR/USD pair registered modest losses of 0.13% following a surprisingly strong US Nonfarm Payrolls (NFP) report that propelled the US Dollar (USD). Currently trading at 1.0822, the pair retreated from its daily high of 1.0847. NFP Report: US Labor Market Surprises Friday’s jobs data showed the US economy added 303K jobs in March, far […]

EUR/CHF Price Analysis: Parity in Sight as Trend Reversal Gains Momentum

eur_chf_article image

EUR/CHF trades near 0.9847, extending its bullish trajectory on both short-term and intermediate timeframes. With key trendlines broken, moving averages crossed, and parity within reach, the path has cleared for further gains. Trend Reversal Signals Gain Strength EUR/CHF has broken above all major moving averages and a significant downtrend trendline, signaling a potential reversal of […]

GBP/JPY Bullish Trend, Short-Term Pullback Possible

gbp-jpy

The GBP/JPY pair trades at 191.65, registering a 0.57% gain. While the overall sentiment remains bullish, overbought conditions on the hourly chart suggest a potential for profit-taking in the near term. Daily Chart: Bullish Bias, But Overbought RSI May Limit Upside The daily chart indicates a continued bullish trend. The Relative Strength Index (RSI) lies […]

AUD/JPY Climbs Despite Risk-Off Sentiment, Eyes 99.00

aud_jpy_article image

The AUD/JPY pair registered a 0.38% gain on Tuesday, defying a risk-off market environment as reflected in mild losses on Wall Street. Despite the bearish sentiment, risk-sensitive currencies like the Australian Dollar remained resilient. Lingering threats of intervention from Japanese authorities to strengthen the Japanese Yen (JPY) continue to limit bullish momentum on AUD/JPY, preventing […]