Forex Trading
FX News USD/CAD Falls as Rising Oil Prices Support Canadian Dollar
Increasing crude oil prices approaching four-month peaks offer robust fundamental backing to the commodity-linked Canadian Dollar. Saudi pipeline shutdowns and postponed discussions regarding regional shipping corridors continue to…
FX News AUD/USD Falls as Strong US Inflation Boosts Dollar
AUD/USD softens to near 0.7160 in the early hours of Monday’s Asian session. US CPI accelerated in August, reinforcing expectations that the Federal Reserve will raise interest rates…
FX News EUR/USD Holds Steady as ECB Rate Hike and US PPI Loom
EUR/USD remains stable around 1.1635 during the early Asian session on Thursday. The European Central Bank is anticipated to raise interest rates during its policy meeting scheduled for…
FX News GBP/USD Rises for Fifth Day as UK Housing Market Stabilises
The US Producer Price Index and Consumer Price Index reports will significantly influence the Federal Reserve’s monetary policy and expectations regarding interest rates. Robust employment figures in the…
FX News Canadian Dollar Gains as Oil Prices Rise Despite Trade Tensions
The CAD finds support in the context of rising global crude oil prices, which are influenced by intensifying military conflicts in the Middle East. US trade measures prohibit…
FX News EUR/USD Holds Above 1.16 as German Inflation Accelerates
EUR/USD records slight increases around 1.1620 during the early hours of Tuesday’s Asian session. Germany’s CPI inflation increased to 2.9% year-on-year in August. Traders are increasing their wagers…
FX News AUD/USD Climbs as Strong China PMI Supports Aussie
China’s Manufacturing PMI rose to 51.5 in August, bolstering the Australian Dollar. Australian building permits experienced a decline of 3.6% in July, which was an improvement compared to…
FX News USD/JPY Nears 160 as Japan Bond Yields Hit 3%
USD/JPY advances to approximately 159.85 during the early European session on Tuesday. Japan’s 10-Year bond yield has reached 3% for the first time since 1996. Bessent anticipates that…
FX News USD/CHF Falls as Fed Hike Bets Ease
The USD/CHF experiences a decline as Jan Hatzius anticipates that the Federal Reserve will maintain its current interest rates unless forthcoming inflation data presents an unexpected increase. Jackson…
FX News USD/CAD Falls Toward 1.3890 as Oil Strengthens Canadian Dollar
USD/CAD declines to near 1.3890 in Monday’s Asian session. US military forces have conducted strikes on Iranian launchers located on Larak Island. Expectations for a September rate hike…
FX News AUD/USD Holds Steady as China PMI and Fed Rate Bets Shape Outlook
After China’s mixed NBS Purchasing Managers’ Index results, AUD/USD is still stable. China’s August Manufacturing PMI increased to 49.8, exceeding expectations, whereas the Non-Manufacturing PMI remained unchanged at…
FX News USD/JPY Falls as Weak Japan GDP and US Data Shift Rate Expectations
Japan’s Preliminary Q2 GDP increased by 0.3% on a quarter-over-quarter basis, falling short of the anticipated 0.5% growth. Annualised GDP reached 1.1%, complicating the Bank of Japan’s trajectory…
