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Forex
AUD/USD rebounds as US Dollar slips on soft jobs, ISM data
AUD/USD edges higher near 0.6500, recovering Tuesday’s losses as the US Dollar softens.Weak US data pressures the Greenback, with ADP jobs and ISM Services PMI…
EUR/CAD steadies as Bank of Canada holds rate steady at 2.75%
The Bank of Canada announced its latest interest rate decision, leaving its benchmark rate at 2.75%.The European Central Bank prepares for its rate decision on…
US ISM Services PMI drops to 49.9 in May vs. 52 expected
ISM Services PMI for May came in below the market expectation.The USD stays under selling pressure in the American session on Wednesday.The business activity…
Gold prices shake off disappointing ADP report, Trump lashes out at the Fed for being “Too Late”
Gold stabilises despite disappointing job numbers for the US private sector. ADP data misses expectations, with the May report showing 37,000 jobs added to the…
BoC set to keep interest rate on hold amid inflation spike and tariff uncertainty
The Bank of Canada (BoC) is seen keeping rates unchanged.The Canadian Dollar navigates the area of yearly highs vs. the US Dollar.Headline CPI in Canada…
EUR/USD consolidates below 1.1400 ahead of the US ADP employment release
An upward revision of Eurozone services' activity has provided some support to the EuroThe US Dollar had bounced up in previous sessions, following strong US…
USD/JPY: Likely to trade in a higher range of 143.30/144.30 – UOB Group
Any further rebound is likely part of a higher range of 143.30/144.30 instead of a sustained advance. In the longer run, price action suggests that USD is…
GBP/JPY Price Forecast: Seems poised to build on momentum beyond 195.00 mark
GBP/JPY attracts buyers for the second straight day and touches a fresh weekly high.The overnight bounce from the 200-day SMA and subsequent move up favor…
NZD/USD Price Forecast: Support at the 0.6000 area keeps the upward trend intact
The US Dollar regained lost ground after strong US jobs data.NZD/USD remains bullish while above 0.5990.Below that level, the next support areas are 0.5925 and…
EUR/JPY gains traction above 163.50 amid risk-on sentiment
EUR/JPY edges higher to around 163.80 in Wednesday’s early European session, adding 0.10% on the day. BoJ's Ueda said he won’t push for higher interest rates…