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Forex
Canadian Dollar firms up against Greenback on Friday
The Canadian Dollar was broadly softer, but gained against USD on Friday.
Canada is due to release its latest CPI inflation update next week.
US consumer…
NZD/JPY Price Analysis: Bulls regain some ground, must conquer the 20-day SMA
NZD/JPY mildly rose to 89.30, testing the 20-day SMA.
The RSI is near 50 while the MACD shows flat green bars, signaling that the momentum is sideways.
A…
US Dollar softened ahead of the weekend after mid-tier data
USD slid following the University of Michigan Sentiment figures and housing market data.
Markets remain confident about a cut in September.
Greenback might…
Australian Dollar steady as hawkish RBA makes the Aussie gain interest
AUD/USD shows an increase, climbing to 0.6950.
RBA’s Bullock was on the wires and maintained its hawkish stance.
A weaker USD also benefited the Aussie.…
Addendum to the real Swiss franc – Commerzbank
The real exchange rate of the Swiss franc (against Switzerland's trading partners, REER) has fluctuated much less strongly in recent years than the nominal…
Japan: A rebound in 2Q GDP thanks to recovery in consumption and business spending – UOB Group
Japan’s 2Q24 GDP surprised with the economy expanding more than expected as private consumption and business spending, as well as residential investment and…
USD/CAD: A breach of the 1.3725/50 is imminent – Scotiabank
The Canadian Dollar (CAD) is barely changed at all on the session, Scotiabank’s chief FX strategist Shaun Osborne notes.
Bulls may try to break above…
Is stocks rally showing signs of exhaustion?
Stocks further accelerated their uptrend yesterday, with the S&P 500 index closing 1.61% and reaching new local highs above the 5,500 level. The market has…
US Housing Starts decline 6.8% in July, Building Permits fall 4%
Housing Starts and Building Permits in the US declined sharply in July.
The US Dollar Index stays in negative territory below 103.00.
Housing Starts in…
EUR/USD: Short-term resistance is at 1.1050 – Scotiabank
EUR/USD is grinding back against the slide in spot that followed yesterday’s US data round and retains a generally firm undertone, Scotiabank’s Chief FX…