The Impact of the Pound Sterling Softening Against the Euro The Pound Sterling (GBP) has softened in line with the EUR Scotiabank’s Chief FX Strategist Shaun Osborne notes Throughout the overnight session, the Pound Sterling (GBP) has experienced a softening in value, aligning with the Euro (EUR). This shift in the exchange rate has caught…
Witty and Offbeat Guide to the Euro’s Recent Slip By: Your Favorite Blogger Stop the Presses! The Euro is on the Move Again! Have you heard the latest about the Euro? If not, let me fill you in on the juicy details. According to Scotiabank’s Chief FX Strategist Shaun Osborne, the Euro (EUR) has slipped…
Euro Jumps as Trump Holds Off on Tariffs Introduction The Euro (EUR) surged overnight following news that President Trump is not currently considering imposing new tariffs. Scotiabank’s Chief FX Strategist Shaun Osborne highlighted this development, causing a positive reaction in the currency markets. Euro Strengthens The Euro has been on the rise against the US…
The Impact of Soft Inflation Data on USD/CAD Pair The USD/CAD pair witnessed buying interest near 1.4430 in Tuesday’s North American session as Statistics Canada reported soft inflation data for December. The agency showed that the headline inflation rose at a slower pace of 1.8%, compared to estimates and the former release of 1.9% on…
Understanding SPX Support Levels What is SPX Support? Support levels are key points on a stock chart where the stock tends to stop falling and bounce back up. In the case of the S&P 500 index (SPX), support levels are levels where investors believe the price will hold and prevent the index from falling further….
The Strength of the US Dollar What’s Driving the Rally The US dollar has once again shown its resilience in the early hours of Tuesday, as American traders return to the market with renewed vigor. This latest rally comes on the heels of a period of uncertainty and volatility, as global markets grapple with various…
Gold Breaks Above $2,726 Resistance as Dollar Slides Safe-Haven Demand Surges Amid Trade Uncertainty Gold prices have surged above the $2,726 resistance level as the US dollar continues to weaken amidst trade uncertainty. Investors are turning to gold as a safe-haven asset in times of economic instability, pushing prices higher and higher. This rally in…
The Japanese Yen Forecast and Interest Rate Differentials The Current State of Japan’s Interest Rate Differentials The narrowing interest rate differentials between Japan and the rest of the world has been a hot topic in recent weeks. Many analysts have been closely monitoring the situation, as it has had a significant impact on the forecast…
