USD/CAD FORECAST USD/CAD rises as U.S. Treasury yields push higher following strong U.S. economic data Bank of Canada keeps interest rates unchanged, but says additional hikes should not be ruled out BoC’s hawkish hold fails to support the Canadian dollar, as the broader U.S. dollar drives FX market dynamics Trade Smarter – Sign up for
© Reuters. Investing.com – The U.S. dollar edged lower in early European trade Wednesday, but remained near a six-month peak as global growth concerns weighed on risk appetite. At 03:20 ET (07:20 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% lower at 104.612, not far off
Share: AUD/USD traded in the 0.6360 – 0.6400 range on Wednesday. USD gained momentum after ISM Service PMIs and the Fed’s Beige Book releases. The odds of one last hike by the Fed are gaining more relevance. In Wednesday’s session, the AUD/USD traded neutral but remained vulnerable below 0.6400. On the one hand, strong
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EUR/USD ANALYSIS EUR/USD retreated on Wednesday, falling to a three-month low around the 1.0700 handle, as strong U.S. economic data increased the probability of additional FOMC policy firming in 2023, reinforced the case for a restrictive monetary policy position for an extended period and propelled U.S. Treasury yields upwards, with the 2-year yield comfortably breaking
Major stock market indices in the United States closed mixed on Tuesday, after the latest report on factory orders in the country showed a -2.1% m/m decline in July, the biggest drop in 8 months but stronger than expectations of a -2.5% m/m decline. Markets were broadly weaker on Tuesday, as weaker-than-expected economic news from
Closing changes: Stoxx 600 -0.6% German DAX -0.2% UK FTSE 100 -0.2% French CAC -0.8% Italy MIB -1.4% Spain IBEX -0.8% I’ve been carefully watching the Stoxx 600 for the past week or so as it rang off a series of doji stars on the chart. Today it broke to the downside but perhaps not
Number of traders net-short has decreased by 26.35% from last week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHORTS CHANGE IN OI France 40 BEARISH 50.42% 49.58% 30.02% Daily 73.47% Weekly -9.05% Daily -26.35% Weekly 7.19% Daily 3.76% Weekly of clients are net long. of clients are net short. Change in Longs
For all market-moving economic data and events, see the DailyFX Calendar The US dollar continues its climb higher and is within touching distance of making a fresh multi-month high. US Treasury yields remain elevated, supporting the greenback, as potential rate cuts are pushed back – and priced in – for May next year. The US
