Forex

USD/CAD Forecast: Implications of the US and Canadian House Starts

USD/CAD is on a decline ahead of data from the US and Canadian housing industry. The Canadian economy has been…

Apr 16, 2021, 10:35 BST

GBP/USD Massive Head and Shoulders Points to More Weakness

The GBP/USD pair keeps pressuring the neckline of a head and shoulders pattern, in a move that does not bode…

Apr 16, 2021, 08:19 BST

EUR/USD: Key Levels Ahead of Eurozone’s CPI Data

EUR/USD is trading lower after reaching a 6-week high on Thursday. The market is reacting to the strong US retail…

Apr 16, 2021, 07:45 BST

Strong US Data Sends S&P 500 Index to New Record; Targets 4200 Next

Strong retail sales data and a larger-than-expected slump in the initial jobless claims figures provided a double-barreled pump to the…

Apr 15, 2021, 17:23 BST

USD/TRY Gains Modestly As CBRT Keeps 1-Week Repo Rate Steady

The Central Bank of the Republic of Turkey (CBRT) held interest rates at 19.00%, in the first meeting presided over…

Apr 15, 2021, 14:58 BST

USD/ZAR At New 14-Month Lows As Fed Douses Rate Increase Talk

The USD/ZAR touched off 14-month lows as a combination of the positive retail sales data and the Fed's moves to…

Apr 15, 2021, 13:30 BST

USD/RUB Soars 1.37% As US Threatens to Slam New Sanctions on Russia

The USD/RUB is up sharply this Thursday, gaining as much as 1.37% on the day after the US government aid…

Apr 15, 2021, 13:09 BST

GBP/USD Forecast Ahead of the US Retail Sales Data

The GBP/USD is in a tight range ahead of the important US retail sales numbers set to come later today.…

Apr 15, 2021, 10:15 BST

EUR/USD Forecast Ahead of US Retail Sales and Jobless Claims Data

EUR/USD is trading higher ahead of the US retail sales and jobless claims data. The pair is striving to hit…

Apr 15, 2021, 09:28 BST

EUR/JPY : Double Top and Triangle as a Reversal Pattern Spells Trouble for Bulls

The EUR/JPY pair forms a triangle against strong resistance and is in danger of putting a double top pattern. The…

Apr 15, 2021, 09:05 BST