USD/CAD Fundamental Analysis The currency pair USD/CAD extended its decline for the 5th consecutive session on Wednesday. The currency pair is experiencing pressure ahead of the Bank of Canada’s key rate decision today. In a few minutes, the Monetary Policy Report and Rate Statement will be released by BoC. It is expected that Bank will …
USD/CAD – Bears At power ahead of BOC Rate Decision Read More »
Can GBP/USD resume its Bullish Trend? GBP/USD to reverse the bearish trend The currency pair GBPUSD extended its losses on Tuesday and dropped to its fresh daily low of 1.2282. The British Pound was under heavy pressure after the release of dismal UK debt data and the soft UK PMI data. Furthermore, the strength of …
GBP/USD – Is it dropping to fresh Daily Lows after Negative UK PMI? Read More »
EUR/USD Consolidates after Euro PMI Data – US PMI on Focus EUR/USD broke its 4-day bullish streak on Tuesday as it failed to hold on to the previous day’s gains. On Monday, the pair crossed the 1.0900 threshold and reached the 1.09267 level, its highest price in 41 weeks. However, right after this, the currency …
EUR/USD – Is A Break Above 1.08900 can Trigger Fresh Bullish Momentum? Read More »
GBP/USD falling towards 20-Day SMA – Weighed by Negative Retail Sales Daily Technical Analysis – GBP/USD The currency pair GBP/USD posted a fresh intra-day low at 1.23353 after the pressure raised on GBP amid negative UK Retail Sales data. GBP/USD lost all of its previous day’s gains and fought its battle with a 20-day SMA …
The Pair USDCAD fighting 50 day-SMA before Upcoming Downside Correction USD/CAD Daily Technical Analysis The short-term outlook suggests that the USD/CAD pair attempted to break the 50-day SMA (orange line). The rejection at this resistance level is keeping the battle between USD/CAD and 50-day SMA alive. The RSI indicator at the 49.00 mark is giving …
EUR/USD moving towards 1.08500 after positive comments from Lagarde In Thursday’s trading session, EUR/USD continued its previous day’s upside momentum and retook the area above the 1.08300 level. The most traded currency pair was getting strength from many factors. On top of factors were the weak USD Index and positive comments from ECB President Christine …
GOLD moving past the $1915 level amid the dropping US Treasury Yields XAU/USD price is trying to recover its previous day’s losses on Thursday after moving past the resistance of $1908.00 in the European Trading Session. Since its session started, the precious metal has moved as high as 1916.00. Still, the outlook of yellow metal …
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