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USDCAD bounces higher after two days of declines. Prices back above 2022 high at 1.3978
The USDCAD moved lower over the last two trading days and in the process retested a swing area between 1.39458 and 1.39581. Support buyers leaned against that area (the 100 bar moving average of the 4-hour chart was also in that area), and has pushed the price higher...
What technical levels are in play for some of the major currencies vs the USD
To start the US session , the USDJPY is the biggest movers as it bounced back to the upside extending back above technical levels in the process. The pair is up 0.66% to start the US trading session. Yields are moving higher helping the pair with the 10 year up about...
ForexLive European FX news wrap: Dollar starts to perk up again
Headlines:Markets:USD leads, JPY lags on the dayEuropean equities higher; S&P 500 futures up 0.2%US 10-year yields up 5.1 bps to 4.429%Gold down 0.1% to $2,628.43WTI crude up 0.5% to $69.76Bitcoin up 1.4% to $93,583The dollar is starting to perk up again in...
US MBA mortgage applications w.e. 15 November +1.7% vs +0.5% prior
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Nasdaq Technical Analysis – The market bounces from a key trendline
Fundamental OverviewLast week, we got a pullback in the Nasdaq as the higher-than-expected inflation readings and a less dovish Powell weighed a bit on the market.Despite the recent events though, the market’s pricing remained largely unchanged at three rate cuts by...
Eurozone negotiated wage growth seen accelerating in Q3
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
NZDUSD Technical Analysis – The lack of catalysts keeps the market rangebound
Fundamental OverviewThe US Dollar continues to consolidate despite the higher-than-expected inflation figures and a less dovish Powell last week. The market’s pricing remained largely unchanged at three rate cuts by the end of 2025.This might be a signal that the...
Take on the Prop Trading Challenge with Ultimate Traders
Proprietary (prop) trading as a concept has experienced a huge surge in popularity over recent years, developing into an established way of trading for many across the world, while ushering in a new era in terms of how trades are conducted.For the many companies now...
Dollar holds firmer in European morning trade
After a bit of a pause in the last few days, the dollar is starting to flex its muscles once again. The greenback is sitting atop the major currencies bloc, now extending gains across the board on the day. USD/JPY already traded a little higher earlier but now other...
AUDUSD Technical Analysis – The market is waiting for further catalysts
Fundamental OverviewThe US Dollar continues to consolidate despite the higher-than-expected inflation figures and a less dovish Powell last week. The market’s pricing remained largely unchanged at three rate cuts by the end of 2025.This might be a signal that the...
ECB’s de Guindos: Current low growth environment has more to do with structural policy
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Economists see Trump tariffs to cut China GDP by around 0.5% to 0.9% next year
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
ECB sounds warning on “bubble” in AI stocks in latest financial stability review
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
USDJPY Technical Analysis – The JPY remains the weakest among the majors
Fundamental OverviewThe US Dollar continues to consolidate despite the higher-than-expected inflation figures and a less dovish Powell last week. The market’s pricing remained largely unchanged at three rate cuts by the end of 2025.This might be a signal that the...
USD/JPY runs back the other way, buyers back in near-term control
The pair is now back up to around 155.50 on the day, higher by 0.5%. It comes as the push and pull continues, after the fall yesterday was arguably stirred by geopolitical headlines triggering some risk aversion in broader markets. Treasury yields were pulled lower...
UK October CPI +2.3% vs +2.2% y/y expected
Prior +1.7%Core CPI +3.3% vs +3.1% y/y expectedPrior +3.2%On the month itself, consumer prices were seen up 0.6% and core prices were seen up 0.4%. Both were seen just above estimates of 0.5% and 0.3% respectively. But the emphasis remains on core annual inflation,...
Germany October PPI +0.2% vs +0.2% m/m expected
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Xi calls on Scholz to reconcile issue of EU tariffs on Chinese EVs
It is said that the two discussed the matter on the sidelines of the G20 summit, with Xi stating that China is ready to "consolidate" a strategic partnership with Germany. That before raising the matter of the tariffs imposed by the EU on Chinese-made EVs.Xinhua also...
UK inflation data in focus for the session ahead
UK core CPI year-on-year (%)The September report here was encouraging but all it did was help to reaffirm a 25 bps rate cut earlier this month. The BOE will next meet on 19 December and there will be two inflation reports between now and then. The first of which will...