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Forex
USD/CAD steadily climbs back closer to mid-1.3700s, upside potential seems limited
USD/CAD regains positive traction on Monday amid a modest downtick in Oil prices.
The Fed’s hawkish outlook continues to underpin the USD and further lend…
Australian Dollar extends decline following mixed China’s economic data
The Australian Dollar weakens amid the firmer US Dollar in Monday’s Asian session.
The hawkish tone of the Fed and challenges in China’s economic recovery…
NZD/USD maintains its offered tone near 0.6130-0.6125 area after mixed Chinese macro data
NZD/USD remains under some selling pressure for the third straight day on Monday.
The mixed Chinese data does little to impress bulls or provide any impetus…
EUR/USD consolidates around 1.0700, just above one-and-a-half-month low touched on Friday
EUR/USD struggles to build on Friday’s bounce from its lowest level since early May.
Political uncertainty in Europe continues to undermine the Euro and cap…
Fed’s Kashkari: It’s reasonable to predict Fed won’t cut rates until December
Minneapolis Federal Reserve President Neel Kashkari said on Sunday that it is a “reasonable prediction” that the Fed will wait until December to cut interest…
Fed’s Mester: Probably won’t get to 2.0% inflation until 2026
Federal Reserve (Fed) Bank of Cleveland President Loretta Mester noted on Friday that she would like to see a longer run of good-looking inflation data, and…
Fed’s Goolsbee: European rate cuts could bolster the US Dollar
Austan Goolsbee, President of the Federal Reserve (Fed) Bank of Chicago cautioned that he still wants to see further progress on inflation, but sees the…
NZD/JPY Price Analysis: Buyers defend 20-day SMA despite consolidation
Kiwi sees further consolidation against the Yen, maintaining support at the 20-day SMA after reaching the highest level since June 2007 on Thursday.
Daily…
US Dollar closes the week strong despite weak UoM figures
DXY rally extends into Friday, hitting its highest level since early May.
Consumer Confidence from the UoM figures come in below expectations, dampening the…
USD/JPY Price Analysis: Climbs steadily above 157.00
USD/JPY trades at 157.36, up 0.22%, as BoJ keeps rates unchanged, weakening the JPY.
Technical outlook: RSI indicates bullish momentum, with key resistance…