Tag: Currency trading

The Canadian Dollar (CAD) saw a slight rise on Monday as the US Dollar weakened, providing some breathing room for the CAD against other major currencies. Market activity was relatively quiet, with investors lacking...

The USD/CHF pair took a dive to 0.8825 last week before making a strong recovery. Currently, the initial bias is neutral for consolidations above 0.8825, with a bearish outlook in the near term as...

The recent data from Eurostat has shown a rise in inflation in the Eurozone countries, reaching 2.6% in May. This increase in consumer prices led to a slight hope among euro bulls that the...

The GBP/USD pair continued to decline last week, falling from the short-term high of 1.2859 despite a temporary recovery. This week, the initial bias is towards further downside movement. If the key support-turned-resistance level...

Stay informed about the upcoming economic events and speeches that could impact the financial markets this week. On Monday, June 24, at 3 AM ET, keep an eye out for FOMC member Waller speaking....

The Dollar gained strength due to recent activities by the European Central Bank, according to FX Strategist Francesco Pesole from ING. This was influenced by the surprise rate cut by the Swiss National Bank...

FX option expiries for June 20 NY cut at 10:00 Eastern Time, via DTCC, can be found below:- EUR/USD: • 1.0600 - 1.9 billion euros • 1.0700 - 2.3 billion...

The Pound Sterling is facing challenges as it continues to weaken against the US Dollar for the third consecutive trading day. Currently, the GBP/USD pair is hovering around 1.2670, reaching a monthly low. This...

The New Zealand dollar is facing pressure from the strong US dollar, following the Federal Reserve's updated forecasts last week. Stock market expectations suggest only one interest rate cut this year, possibly in December....