Forex

1.20 Looms Large for USDCAD Ahead of the BOC Decision

The Bank of Canada (BOC) is the first central bank to announce its monetary policy decision this week. The other…

Jun 08, 2021, 10:43 BST

EUR/USD Outlook Ahead of Eurozone’s GDP Data

EUR/USD is on a decline ahead of the Eurozone GDP preliminary data. Analysts expect the economy to have contracted by…

Jun 08, 2021, 09:57 BST

USD/CAD Wavers Amid Rising Oil Prices; Declining Treasury Yields

USD/CAD remains under pressure even as it started the new week in the green. As a key commodity currency, the…

Jun 07, 2021, 04:31 BST

USD/CAD Declines as Traders Bet on Lesser of Two Jobs Data Evils

The USD/CAD's response to the employment data on both sides of the northernmost North American border was a case of…

Jun 04, 2021, 15:48 BST

USD Index Facing Collapse Below 90.00 On Underwhelming Jobs Data

The USD Index may have gained yesterday after the ADP private-sector data showed an addition of nearly a million jobs.…

Jun 04, 2021, 15:12 BST

EUR/USD Bearish Setup – Double Top Hints to More Downside

The EUR/USD pair and the traditional FX market have taken a step back when it comes to volatility. The volatility…

Jun 03, 2021, 08:27 BST

USD/TRY: After Hitting a New Record High, Where to Next?

USD/TRY has eased after Turkey’s President Erdogan made remarks that pushed the pair to its all-time high on Tuesday. Late…

Jun 03, 2021, 05:52 BST

USD/CAD Remains Under Pressure After Higher Crude Oil Draw

USD/CAD is trading higher, even as it remains on a downtrend. As a commodity currency, the Canadian dollar has been…

Jun 03, 2021, 03:49 BST

USDTRY Hits New Record High As Erdogan Hints At More CBRT Rate Cuts

The USD/TRY hit new record highs this Wednesday after President Recep Erdogan of Turkey hinted at future rate cuts. The…

Jun 02, 2021, 17:01 BST

GBP/USD Outlook Ahead of BoE Governor’s Speech

GBP/USD is trading lower ahead of the speech by Bank of England’s governor Andrew Bailey. The speech, which is scheduled…

Jun 02, 2021, 08:50 BST