USD/CAD is currently at 1.4250, having declined from the highs observed on Friday in the 1.4300 range. Weak US Consumer Sentiment data hindered the US Dollar’s rally on Friday. The pair consolidates gains following a nearly 3.5% uptrend in September. The US Dollar has opened the week with a mild bearish tone against the Canadian … Read more
The euro traded at $1.1174 at 7:44 a.m. on Thursday, October 8, reflecting a decline of 0.2% for the day and standing 13 pips above Monday’s low of 1.1161, which marks the weakest level since May 2025. The pair commenced the session at 1.1196, reached an initial peak of 1.1204, and was positioned at 1.1195 … Read more
AUD/USD increases by 0.37% to 0.6972 for the second consecutive session. US services show signs of cooling; however, rising input costs reignite concerns regarding inflation. Bullock asserts that three RBA rate increases could help bring inflation closer to the target level. The Aussie Dollar recorded consecutive days of gains on Monday, despite an uptick in … Read more
USD/CAD is gaining momentum, approaching 1.4280 during the early European session on Monday. Traders have reduced their positions on Federal Reserve interest rate increases following disappointing employment figures. The pair maintains a bullish sentiment; however, a temporary sell-off cannot be dismissed given the overbought conditions. The USD/CAD pair strengthens to approximately 1.4280 during the early … Read more
The EUR/USD pair fluctuated within the range of 1.1375 to 1.1385 on Thursday, marking a continuation of its decline for a third consecutive session and reaching its lowest point since July 28 during the Asian trading hours. The pair has now declined in seven of the past nine sessions, with the euro depreciating by 2.53% … Read more
EUR/USD is experiencing upward momentum, approaching 1.1475 during the early European session on Tuesday. The negative tone of the pair persists beneath the 100-day SMA, accompanied by bearish RSI momentum. The initial support level is positioned at 1.1445, while the first upside barrier is identified at 1.1545. The EUR/USD pair is currently positioned in positive … Read more
GBP/USD traded at 1.3544 on Tuesday, reflecting a modest increase of 0.02% from the previous session, having rebounded from the low of 1.3473 observed on September 2. The pound has appreciated by 0.27% over the past month and has increased by 0.17% over the course of twelve months – indicating a currency pair that has … Read more
EUR/USD traded at 1.1501 on Friday, reflecting a decline of 0.23% from the prior session, yet remaining above the 1.15 threshold and close to its peak since June 16. The pair is poised for a monthly increase of approximately 0.8% to 1.09%, marking its most favourable month since the euro’s decline in the spring, while … Read more
USD/CAD is experiencing depreciation as the commodity-linked Canadian Dollar finds support from the upward movement in oil prices. Oil prices increased following an attack on a vessel near Oman, which interrupted UN evacuations in the Strait of Hormuz, reigniting concerns over energy supply. The US Dollar may find support as increasing expectations of a Fed … Read more
USD/CAD achieved a peak of 1.4191 on Monday, marking its highest level in 14 months. The Greenback appreciates due to heightened safe-haven demand in light of renewed concerns regarding the US-Iran peace deal. The Canadian Dollar declines as oil prices decrease in the wake of a 60-day US-Iran peace roadmap facilitated by Qatar and Pakistan. … Read more
