USD/CAD maintains its stability as market participants anticipate the pivotal Trump-Xi summit. Trump and Xi are considering a reduction in tariffs on $30 billion worth of non-sensitive goods, while excluding items deemed essential for national security. The commodity-linked CAD is likely to experience depreciation as declining oil prices diminish demand for Canada’s principal export. USD/CAD … Read more
USD/JPY is currently positioned at 159.35-159.83 on Monday, exhibiting fluctuations throughout a session that has yielded a greater number of directional signals per hour than is typically observed in an entire week of trading. The pair reached a session low of 159.35 in the early European session before making a recovery, having opened around 159.83 … Read more
GBP/USD is currently positioned at $1.3332 on Wednesday, reflecting an increase of more than 0.70% during the session after recovering from a daily low of $1.3216. The pair has successfully regained the 1.3300 level, influenced by Trump’s remarks regarding Iran and a general decline in the dollar’s strength. The Dollar Index is currently at 99.247, … Read more
The U.S. Dollar Index declined to $99.49 on Wednesday, breaching a rising trendline that had underpinned the broader dollar recovery since late February and falling below the 50-period SMA in the process. The break in that trendline is significant — it reflects the structural impact of Trump’s comments on Iran, which have effectively dismantled the … Read more
USD/CAD experiences a downward movement, approaching 1.3670 during the early European session on Thursday. The US Trade Representative indicated that tariffs may increase to 15% or more for certain nations. Market participants are poised for the forthcoming Canadian GDP and US PPI reports scheduled for release on Friday, seeking new momentum. The Canadian Dollar maintains … Read more
Investor sentiment towards risk stayed strong on Wednesday as the US House geared up to vote on concluding the longest government shutdown in American history. As we reach the 43rd day, a favorable vote would enable government agencies to start disseminating a significant backlog of economic data in the upcoming weeks — data that is … Read more