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Forex
How will the Canada CPI October report impact the BoC’s upcoming rate decision?
All eyes will be on Monday’s inflation report, as Statistics Canada releases October’s CPI figures. The data will give the Bank of Canada (BoC) a much-needed update on price…
Gold subdued as DXY rebounds and December Fed cut bets fade
Gold (XAU/USD) kicks off the week on a subdued note, consolidating losses after a two-day slide that followed last week’s push to over a three-week high. At the time of writing,…
EUR/USD dips further with investors awaiting delayed US economic data
EUR/USD opened the week on a soft note, and returns to the 1.1600 area at the time of writing, extending Friday's reversal from session highs above 1.1650. Markets remain…
Likely to trade between 1.1595 and 1.1645 – UOB Group
The current price movements are likely part of a range-trading phase between 1.1595 and 1.1645. In the longer run, EUR is expected to trade with an upward bias towards 1.1685; it…
XAG/USD consolidates losses below $51.00
Silver (XAG/USD) is showing a mild recovery attempt on Monday. The pair bounced up from $50.00 lows on Friday but is struggling to find acceptance above the $51.00 level. which…
GBP/USD picks up to 1.3180 with UK fiscal concerns still weighing
The Pound has bounced up from session lows near 1.3135, to hit session highs near 1.3180, but remains moving within previous ranges, extending the choppy and sideways trading seen…
Japanese Yen remains weak; USD/JPY nears nine-month top on firmer USD
The Japanese Yen (JPY) sticks to its offered tone against a broadly firmer US Dollar (USD) through the early European session on Monday and remains close to a nine-month low…
EUR/CAD softens below 1.6300 ahead of Canadian CPI inflation release
The EUR/CAD cross loses traction to around 1.6275 during the early European session on Monday. Nonetheless, the potential downside for the cross might be limited amid the cautious…
USD/INR consolidates below 89.00 amid mixed economic drivers
The USD/INR pair extends its sideways consolidative price move through the Asian session on Monday and remains confined in a familiar range held over the past two weeks or so. Spot…
XAG/USD jumps to near $51.00 amid uncertainty after the shutdown ends
Silver price (XAG/USD) trades in positive territory near $51.00 during the Asian trading hours on Monday. The white metal edges higher amid uncertainty following the end of the US…