Forex News

USD/CAD Exchange Rate: A Look at the Latest Shifts in US PPI and Canadian Employment Data Introduction The USD/CAD pair gives up some of its intraday gains after posting a fresh two-month high to near 1.3780 in Friday’s New York session. The Loonie asset surrenders some gains after the release of the United States (US)…

Gold’s Rise to Prominence Tailwinds and Technical Outlook Q4 Outlook and Potential Bull Run It’s a golden age for gold which has been exhibiting an unprecedented performance so far this year, adding another 14% to its value in the third quarter despite global central bank reserves stabilizing, to trade up by 42% year-on-year. This impressive…

Welcome to my Quirky Foreign Exchange Blog! What’s up with the Euro (EUR)? So, apparently the Euro is not doing so hot right now. According to the experts over at UOB Group, the Euro is hanging on by a thread, trading in a narrow range between 1.0910 and 1.0960. But hey, it’s not all doom…

Gold Price (XAU/USD) Gains Positive Traction Overview Gold price (XAU/USD) is building on the previous day’s mixed US macro data-inspired recovery from the $2,600 neighborhood or a nearly three-week low and gaining positive traction for the second straight day on Friday. US data published on Thursday showed that the annual rise in the headline US…

The Impact of Weak Data on US Bond Yields and the Dollar Introduction As we head into the next week, the Federal Reserve has made it clear that the jobs market will play a crucial role in determining the future outlook for interest rates. However, with the possibility of weak data on the horizon, we…

Blog Post Article: Gold (XAU/USD) Trades Back in the $2,610s On Thursday, Gold (XAU/USD) price action saw a temporary correction, trading back in the $2,610s following the release of US inflation and jobs data. The latest inflation data revealed upside price pressures, indicating a potential increase in consumer prices. However, the labor market data showed…

Understanding the Intriguing Movement of Silver (XAG/USD) Current Scenario Silver (XAG/USD) lacks any firm intraday direction on Thursday and oscillates in a narrow trading band around mid-$30.00s through the first half of the European session. The white metal remains within the striking distance of a nearly three-week low touched on Tuesday and seems vulnerable to…

The USD/CAD Pair Reverses Asian Session Dip and Eyes 1.3700 Resistance Level Current Market Situation The USD/CAD pair has reversed an Asian session dip and is currently trading just above the 1.3700 round figure. This puts the pair within striking distance of its highest level since August 16, which was touched the previous day. The…