USD/CAD Uptrend Continues, Eyes on PCE Data
The Canadian Dollar (CAD) is experiencing a second day of modest gains against the US Dollar on Tuesday. Pre-Easter trading volumes remain light, and a slight return of risk appetite is keeping the US Dollar in check. The market continues to digest last week’s dovish Federal Reserve policy statement, with Friday’s US Personal Consumption Expenditures […]
USD/JPY Hovers Around 151.50 Amid Renewed USD Weakness
USD/JPY treads water in the upper end of the recent range above 151.00 as renewed US Dollar (USD) weakness and rising US yields offset each other. Risk appetite offsets the USD’s decline, while Japanese government yields gain modestly. Key Factors: Technical Outlook:
Mexican Peso Firms as USD/MXN Falls on Central Bank Divergence
The Mexican Peso (MXN) strengthened against the US Dollar (USD) on Friday, with USD/MXN declining below key support after the recent contrasting interest rate decisions by the Federal Reserve (Fed) and the Bank of Mexico (Banxico). Key Factors: Technical Outlook:
Dow Jones Marks Record Highs on Post-Fed Optimism
The Dow Jones Industrial Average (DJIA) surged to its second all-time high in two days, fueled by investor optimism after the Federal Reserve’s (Fed) decision to hold interest rates steady. Fed Chair Powell’s comments hinting at potential future rate cuts further boosted risk appetite. Key Takeaways: Technical Outlook:
Canadian Dollar Rallies After Fed Decision, BoC Minutes Offer Little Surprise
The Canadian Dollar (CAD) experienced volatility following the Federal Reserve’s (Fed) decision to hold interest rates at 5.5%, as expected. Despite hawkish signals from the Fed Chair, investors maintained a risk-on sentiment. Key Factors: Technical Outlook:
USD/CAD Retraces Following Softer Canadian CPI, Focus Shifts to Fed
USD/CAD slipped to 1.3565 after Canada’s Consumer Price Index (CPI) showed inflation cooling faster than anticipated, fueling speculation of a potential early rate cut by the Bank of Canada (BoC). Key Factors: Technical Outlook:
US Dollar Ranges Ahead of Key Central Bank Decisions
The US Dollar (USD) trades within a narrow range ahead of this week’s potential volatility catalysts, including the highly-anticipated policy decisions from the Bank of Japan (BoJ) and the US Federal Reserve (Fed). Key Factors: Technical Outlook:
Canadian Dollar Consolidates Ahead of Key Data
The Canadian Dollar (CAD) traded with limited momentum on Friday, holding close to its opening range against the US Dollar (USD) as markets await next week’s critical data releases. Key Factors: Technical Outlook:
US Dollar Index Nears 103.00 on Hot PPI Data, June Rate Cut in Question
The US Dollar (USD) sees renewed strength after hotter-than-expected US inflation data, including Retail Sales and the key Producer Price Index (PPI). Surging inflation figures cast doubt on the likelihood of an initial Federal Reserve rate cut in June. Key Factors: Technical Outlook:
EUR/CHF Rebounds from 50-week SMA, Outlook Remains Uncertain
EUR/CHF has rallied from December 2023 lows but faces resistance at the 50-week Simple Moving Average (SMA). Despite recent strength, the long-term downtrend may still be intact. Conflicting Signals: Technical Outlook: Key Takeaways:
