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Forex
CAD holds consolidation range around 1.44 – Scotiabank
The CAD is little changed on the session and continues to hold in the trading range established prior to the holiday break, Scotiabank’s Chief FX Strategist…
EUR/USD: Upside potential is limited – Scotiabank
The Euro (EUR) has recovered a little from new cycle lows near 1.0240 made yesterday against the US Dollar (USD) but the rebound has stalled below 1.03 so far…
GBP/USD retains a soft undertone – Scitabank
UK money supply and lending data for November came in on the weak side of expectations. Softer demand for mortgages suggests the rebound in UK house prices is starting to crimp…
AUD/USD consolidates around 0.6200 ahead of US ISM Manufacturing PMI
AUD/USD trades back and forth around 0.6200 with investors focusing on the US ISM Manufacturing PMI data.
The Fed has signaled fewer interest rate cuts for…
US ISM Manufacturing PMI improves to 49.3 in December vs. 48.4 expected
The business activity in the US manufacturing sector contracted at a softer pace than expected in December.
The US Dollar Index stays in negative territory…
DXY: Overvalued USD consolidates – Scotiabank
After a solid start to the year yesterday, broad dollar gains have been checked back somewhat, leaving the Dollar Index (DXY) in consolidation mode into the…
PBoC: Will cut RRR and interest rates at proper time
The People's Bank of China's (PBoC) Monetary Policy Committee said on Friday that they will cut the reserve ratio requirements (RRR) and interest rates at…
EUR/USD is at parity risk amid Fed-ECB policy divergence
EUR/USD finds interim support near 1.0220; however, more downside looks likely.
The Fed is expected to cut interest rates two times this year.
Investors…
China: 2024 growth target likely reached – Standard Chartered
Average official manufacturing and non-manufacturing PMIs edged up above 50 in Q4. IP and services production index growth likely remained resilient in…
Silver price today: Silver rises, according to FXStreet data
Silver prices (XAG/USD) rose on Friday, according to FXStreet data.
Silver trades at $29.66 per troy ounce, up
0.35% from the $29.56 it cost on…