Industry News
Industry News

Industry News

17
Mar

USD/CAD bounces off intraday low to 1.3700 as Oil retreats, mid-tier US, Canada statistics eyed

USD/CAD consolidates weekly losses as it reverses from the intraday low of 1.3683 to 1.3710 during early Friday morning in Europe. The Loonie pair’s latest rebound could be linked to the WTI crude oil’s pullback, Canada’s key export earner. In doing so, the quote struggles to justify the US Dollar’s second consecutive daily loss amid […]

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17
Mar

USD Index remains under pressure and challenges 104.00 ahead of data

The selling pressure keeps dominating the sentiment around the greenback and forces the USD Index (DXY) to confront the key support at 104.00 at the end of the week. USD Index looks at data, risk trends The index retreats for the second session in a row on Friday amidst the persistent recovery in the appetite for the […]

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17
Mar

USD/CHF pulls back amid improved sentiment on Credit Suisse front

USD/CHF retreated from the 0.9300 mark in early Asian trading hours on Friday. The broad-based US Dollar weakness has led the pair to erase some of the previous day’s gains and head toward Thursday’s low at 0.9230. Improved risk appetite has pushed the US Dollar lower amid slightly softer US Treasury yields. The Swiss Franc […]

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17
Mar

AUD/USD still seen within 0.6570-0.6735 – UOB

In the opinion of UOB Group’s Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia, AUD/USD is likely to extend the range bound theme for the time being. Key Quotes 24-hour view: “AUD traded sideways between 0.6612 and 0.6669 yesterday, narrower than our expected range of 0.6585/0.6680. Further sideways trading appears likely, expected to be […]

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17
Mar

US Dollar struggles to find demand as mood improves

Here is what you need to know on Friday, March 17: As the market mood continues to improve on easing concerns over a deepening financial crisis toward the end of the week, the US Dollar is having a tough time staying resilient against its major rivals. Eurostat will release February inflation data (revision) in the […]

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17
Mar

Euro will only appreciate again slowly – Commerzbank

The Euro did not appreciate following the ECB decision. However, economists at Commerzbank expect to see higher EUR/USD levels. Why did we not see EUR strength following the ECB decision? “The market is clearly more concerned about the ECB not being sufficiently sensitised to the risks rapid rate hikes might involve following years of zero and negative […]

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10
Jun

Bearish Bearish Cryptos

The cryptocurrency sector is showing weakness again by the end of the week. Bitcoin moved below $30,000 after lower opening among the US indices. Smaller cryptocurrencies are in red now. Altcoins such as Chainlink and Cardano are losing even more than 7% today despite lower volatility in previous days. The crypto market seems to be ‘abandoned’ by short-term […]

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10
Jun

Calendar For Today US CPI Inflation

European markets set for a lower opening US CPI inflation expected to stay unchanged in May Canadian jobs report for May at 1:30 pm BST Futures markets point to a lower opening of the European cash session today. Pandemic situation in China is yet again denting moods on the markets. Wall Street as well as […]

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09
Jun

ECB Review

High inflation, projections have been raised Energy prices, lower supply problems will lead to lower inflation High inflation is a major concern for all Projection for this year raised to 6.8% from 5.1%, for next year raised to 3.5% from 2.1% QE is coming to an end, reinvestments will continue for a longer period, ECB […]

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09
Jun

Bearish DAX 30

The German benchmark index continues its short-term downtrend (H4) on Thursday. D1 chart The DE30 continues its decline, falling to its lowest level since 26 May. From this week’s high reached on Monday, the index has lost over 500 points in value. If the break below the low at 14,304 points is long-lasting, sellers could […]

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