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Markets
US data remains in centre stage
The US Dollar (USD) traded without a clear direction on Wednesday, losing some momentum following the auspicious start to the new trading year. Moving forward, the Greenback is…
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Gold slips from $4,500 as strong US data dents haven demand
Gold price tumbles nearly 1% on Wednesday after US economic data showed that business activity improved, while the labor market shows signs of being more solid than expected. At…
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US Dollar steadies on mixed US data, Canadian Dollar hit by Oil slump
USD/CAD trades around 1.3820 on Wednesday at the time of writing, up 0.10% on the day, supported by a modest rebound in the US Dollar (USD) amid mixed US economic data and…
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EUR/USD holds steady as mixed US data reinforces cautious Fed outlook
The Euro trades little changed against the US Dollar on Wednesday, as traders show a muted reaction to a mixed batch of US economic data. At the time of writing, EUR/USD is trading…
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Overbought RSI flags pullback risk as uptrend holds
The Australian Dollar (AUD) trades flat against the US Dollar (USD) on Wednesday, with AUD/USD easing back after an initial advance triggered by Australia’s latest inflation data.…
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