Currencies

USD/CAD aptly portrays the Loonie traders’ anxiety above 1.3400, up 0.05% intraday near 1.3435 at the latest, as the key week comprising the Bank of Canada (BoC) Monetary Policy Decision and Canadian employment data begins with unimpressive moves. In addition to the pre-data/event caution, firmer prices of Canada’s main export item Crude Oil and the upbeat US […]

AUD/USD pares intraday losses around 0.6600 after China’s private activity gauge flashes upbeat signals during early Monday. Adding strength to the Aussie pair’s corrective bounce could be the initial Asian session release suggesting higher inflation in Australia. That said, China’s Caixin Services PMI matches 57.1 market forecasts for May versus 56.4 previous readings. Earlier in […]

The USD/INR pair has displayed immense selling pressure at open as investors are discounting the impact of the overnight sell-off in the US Dollar Index (DXY). The asset has dropped to near the crucial support at 82.50. S&P500 futures have added nominal gains in the Asian session after a bearish Wednesday. The overall market mood […]

EUR is one of the worst performing G10 currencies Wednesday. A streak of lower-than-expected flash CPI report for May from European countries released Tuesday and Wednesday is weighing on the euro. This is because it hints that the ECB may not need to hike as much as previously thought. Nevertheless, money markets are still pricing […]

GBP/USD grinds near weekly high as bulls and bears jostle ahead of the key data/events scheduled for publishing on Thursday. That said, the Cable pair makes rounds to 1.2450 during early Thursday morning in Europe amid the latest retreat in the US Dollar, mainly due to the cautious optimism and receding hawkish Fed bias. It’s worth noting that […]