USD/CAD extends the rally to around 1.4000 in Thursday’s early Asian session. US CPI matched estimates in October. The expectation of a more aggressive rate cut from the BoC than the Fed, lower crude oil prices weigh on the Loonie. The USD/CAD pair gains momentum to near 1.4000, the highest level since 2020 during the […]
Good evening. Today I traded on the signals of my indicator. Trading the NZDUSD pair on the M5 timeframe. Great result, today I earned $ 49. Buy signal: up arrow. If there are open sell positions, they need to be closed. Sell signal: downward arrow. If there are open buy positions, they need to be closed. There are situations when several signals appear […]
Rate cuts to date are an acknowledgement of growing confidence that inflation is on the path to 2% goal Hope productivity growth can outrun the effects of slowing population growth Won’t let enthusiasm over rising productivity get ahead of data or commitment to reaching Fed goals There isn’t much of a hint on anything here. […]
Mexican Peso finds its foot after US inflation data announced ahead of Banxico decision. US inflation report meets forecasts, raising chances of a Fed rate cut in December to 82%. Banxico expected to reduce rates to 10.25%, potentially narrowing the interest rate differential with the US. The Mexican Peso stayed firm against the US Dollar […]
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We hear from Kashkari just yesterday but he’s back on the wires today: I haven’t had time to go through the CPI data in detail but on the headline level it seems to be confirming the path we’re on There are still six weeks before the Fed’s next meeting with more data to come I […]
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By Medha Singh (Reuters) – The pound hovered near three-month lows against a stronger dollar on Wednesday, after a sharp fall in the previous session following data that showed inflation was easing in the UK. Sterling dipped 0.1% to $1.2795 after hitting its lowest since early August at $1.2719 on Tuesday, after data showed regular […]
By Tetsushi Kajimoto and Makiko Yamazaki TOKYO (Reuters) – Japan will act appropriately against excess movements on the foreign exchange market, former currency chief Masato Kanda told Reuters, issuing a warning as the country continues to feel pain from a weaker yen. Kanda, now a special adviser to Prime Minister Shigeru Ishiba and the finance […]
Investing.com – The US dollar slipped slightly Wednesday, falling from a six-month peak, ahead of the release of key US inflation data, which will provide more clues on the future path of interest rates. At 05:00 ET (10:00 GMT), the , which tracks the greenback against a basket of six other currencies, traded 0.1% lower […]
By Medha Singh and Brigid Riley (Reuters) -The U.S. dollar scaled a fresh 6-1/2-month peak against other major currencies on Wednesday and the Japanese yen fell to its lowest level since July, driven by so-called “Trump trades” ahead of key U.S. inflation data later in the day. The dollar is reaping the benefits of Republican […]
Fundamental Overview Gold is now down almost 6% from the US election day. That shouldn’t be surprising as the last time we got a red sweep gold dropped by more than 16%. The reason is that a red sweep brings a more expansionary fiscal policy and should be not only positive for growth but also […]
