Canadian Dollar Slides Toward 1.43 as US Dollar Strength and Rate Differentials Pressure CAD
CAD, Market Analysis, Technical Analysis, USD
Canadian Dollar Slides Toward 1.43 as US Dollar Strength and Rate Differentials Pressure CAD
The Canadian dollar is under renewed pressure against the US dollar, with USD/CAD trading around the 1.42 area and recently reaching approximately 1.4200–1.4203. The move has pushed the loonie to its weakest levels since July, while the US dollar has strengthened broadly against the Canadian currency. The decline has become more pronounced over recent weeks […]
by Currency Hedger
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- 1 week ago
INR, Market Analysis, Technical Analysis, USD
Indian Rupee falls as US Treasury Yields hit fresh two-decade high near 5.3%
The Indian Rupee (INR) weakens against the US Dollar (USD) on Thursday after an upside move the previous day. The Indian currency faces selling pressure as United States (US) Treasury Yields extend their rally, supporting the USD/INR pair to move higher to near 95.93. As of writing, 10-year US Treasury yield is close to 5.31%, […]
by Currency Hedger
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- 1 week ago
Energies, Market Analysis, Technical Analysis
WTI Price Forecast: Bears await acceptance below $88.00, 50% Fibo. support breakdown
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – comes under some renewed selling pressure during the Asian session on Thursday, reversing the previous day’s modest recovery gains. The commodity, however, holds above the $88.00 mark and a nearly four-week low as traders await further developments surrounding the Middle East crisis. Recovery […]
by Currency Hedger
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- 1 week ago
Institutional, Societe Generale
Fed path shaped by firm inflation – Societe Generale
Societe Generale’s Jan Groen reviews August US inflation and growth data, highlighting that Core PCE came in softer than expected but underlying price pressures in services remain firm. Benchmark revisions lowered measured inflation but still show it above levels consistent with the Federal Reserve’s target. Stronger consumption and GDP revisions suggest the US economy entered […]
by Currency Hedger
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- 1 week ago
Institutional, TDS
US Dollar: Fed outlook supported by robust data – TD Securities
TD Securities economists Oscar Munoz and Eli Nir assess US PCE and GDP revisions as broadly supportive for a firm US macro backdrop and a still-hawkish Federal Reserve stance. They highlight robust US growth, sticky inflation and upgraded GDP forecasts, arguing that lower inflation revisions do not materially alter the narrative for the US Dollar […]
by Currency Hedger
- 0 Comments
- 1 week ago
EUR, Market Analysis, Technical Analysis, USD
Euro weakens below 1.1350 on higher US Treasury yields, Lagarde’s dovish tilt
The EUR/USD pair drifts lower to around 1.1325 during the early Asian trading hours on Thursday. The US Dollar (USD) strengthens against the Euro (EUR) amid an extended rise in US Treasury yields. The US weekly Initial Jobless Claims report and the Fedspeak will be the highlights later in the day. The US Personal Consumption […]
by Currency Hedger
- 0 Comments
- 1 week ago
Market Analysis, Technical Analysis, USD
Dollar Index approaches yearly high near 101.80, US ISM PMI in focus
The US Dollar (USD) outperforms its major currency peers on Thursday. In the Asian session, the US Dollar Index (DXY), which gauges the Greenback’s value against six major currencies, trades 0.13% higher to near 101.60. The DXY is little far from its yearly high of 101.80. US Dollar Price Today The table below shows the […]
by Currency Hedger
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- 1 week ago
Metals, Technical Analysis
Silver Price Forecast: XAG/USD holds above $61.00 amid easing Fed rate hike expectations
Silver price (XAG/USD) gains ground after posting losses the previous day, trading around $60.90 per troy ounce during Asian hours on Thursday. Non-yielding Silver receives support as Federal Reserve (Fed) rate hike expectations eased following softer-than-expected United States (US) inflation data released on Wednesday. The CME FedWatch Tool indicates that markets now price in roughly […]
by Currency Hedger
- 0 Comments
- 1 week ago
Market Analysis, Metals, Technical Analysis
Gold bulls seem hesitant as resilient US Dollar and yields cap upside
Gold (XAU/USD) attracts some dip-buyers near the $4,139 region during the Asian session on Thursday, stalling the previous day’s pullback from the $4,220 area, touched in reaction to softer-than-expected US inflation data. However, elevated US bond yields remain supportive of the prevailing strong bullish sentiment surrounding the US Dollar (USD) and should keep a lid […]
by Currency Hedger
- 0 Comments
- 1 week ago
EUR, JPY, Market Analysis, Technical Analysis
EUR/JPY Price Forecast: Tests nine-day EMA barrier after rebounding above 179.00
EUR/JPY halts its four-day losing streak, trading around 179.20 during Asian hours on Thursday. Technical analysis of the daily chart shows that the currency cross remains confined within a descending channel pattern. This continuous formation reinforces a persistent bearish outlook for the pair. The EUR/JPY cross is retaining a bearish near-term bias as it holds […]
by Currency Hedger
- 0 Comments
- 1 week ago