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Forex
CAD slide on CPI looks overdone but technicals are weak – Scotiabank
The Canadian Dollar (CAD) started off yesterday’s session underperforming and continued to slide over the rest of the day following the release of softer than…
EUR is trading flat for now – Scotiabank
The Euro (EUR) is entering Wednesday’s NA session unchanged against the US Dollar (USD) as it extends its recent consolidation with ongoing congestion around…
USD/CNH: Likely to trade in a range between 7.1800 and 7.1950 – UOB Group
US Dollar (USD) is likely to trade in a range between 7.1800 and 7.1950. In the longer run, USD is expected to trade in a range of 7.1730/7.2000, UOB Group's…
GBP is ignoring stronger than expected CPI as yield spreads support – Scotiabank
The Pound Sterling (GBP) is also entering Wednesday’s NA session unchanged against the US Dollar (USD), recovering from early Asian session losses on the back…
JPY is still quiet and range bound – Scotiabank
The Japanese Yen (JPY) is up a modest 0.2% vs. the USD and outperforming all of its G10 peers with the exception of NOK, Scotiabank's Chief FX Strategists…
USD/CHF remains capped below 0.8090 ahead of the FOMC Minutes
The US Dollar remains trapped within a 70-pip range below 0.8080.The cautious market sentiment is failing to boost the USD against the safe-haven CHF.Rising…
Silver Price Forecast: XAG/USD slides to near $37 ahead of FOMC minutes, Jackson Hole Symposium
Silver price declines to near $37.00 amid speculation that Fed’s Powell would support keeping interest rates steady at JH Symposium.Investors expect the Fed to…
Pound Sterling gains on hotter than expected UK inflation data
The Pound Sterling moves higher against its peers after the release of the hot UK CPI report for July.Both the UK headline and the core CPI grew at an annual…
WTI Crude Oil range-bound as peace talks ease risks but supply concerns linger
WTI Crude Oil trades slightly higher on Tuesday near $62.50, holding within last week’s $62-$63 range.Optimism over Russia-Ukraine peace talks eases some…
Pound Sterling Price News and Forecast: GBP/USD holds ground after UK inflation data
GBP/USD Forecast: Pound Sterling holds ground after UK inflation data
After falling to a fresh eight-day low near 1.3460 in the Asian session on Wednesday,…