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Forex
Canada FX Today: The Canadian Dollar awaits decisive CPI data
The Canadian Dollar (CAD) is moving cautiously at the start of the week against the US Dollar (USD), with the USD/CAD Forex pair hovering around 1.3835, down…
Australian Dollar remains stronger as US Dollar weakens on Fed cut bets
Australian Dollar receives support from waning odds of further RBA rate cuts.China’s Retail Sales climbed 3.4% YoY in August, against 3.8% expected and 3.7% in…
Gold flirts with record high as momentum builds, Fed interest rate decision looms
Gold trades just shy of record highs on Monday, edging higher after last week’s all-time peak near $3,675.The Fed’s monetary policy decision on Wednesday…
United Kingdom FX Today: British Pound awaits next labour market test
The British Pound (GBP) retreated slightly against the US Dollar (USD) on Friday, with the GBP/USD pair trading around 1.3555, down 0.1% on the day, correcting…
GBP/USD slips as US Dollar steadies ahead of Fed, BoE meetings
GBP/USD eases after a daily high of 1.3580, as the US Dollar recovers despite softer US sentiment and sticky inflation.Fed is expected to cut 25 bps next week,…
EUR/USD stabilizes near 1.1720 as US Dollar eases after UoM survey
EUR/USD rebounds from intraday lows near 1.1700 but remains under pressure.UoM Consumer Sentiment drops to 55.4, missing estimates and marking a four-month…
Gold rises as weak US sentiment and jobs data fuel rate cut expectations
Gold rebounds after weak UoM sentiment and soft jobs data boost rate cut bets.Payroll revision and rising Jobless Claims outweigh steady inflation prints…
WTI Price Forecast: Momentum fades below 21-day SMA
WTI trims intraday gains after facing resistance at the 21-day SMA.Technical resistance remains firm, with price action capped near $63.50 and momentum…
Dow Jones Industrial Average trims 200 points as markets ease on Friday
The Dow Jones recoiled on Friday after tapping record highs this week.Consumer sentiment indicators showed a steeper-than-expected decline.Next week’s upcoming…
EUR/USD steadies as Fed rate cut bets firm amidst US labor market concerns
EUR/USD is up 0.18% weekly as markets fully price a September 25-bps Fed cut.Weak sentiment, payrolls revision and rising jobless claims signal US labor market…