Share: USD/CAD bulls got rejected at the 200-day SMA and retreated near the 1.3420 area, still poised for a weekly gain US PPI rose to 2.4% YoY in July, higher than expected. Higher Oil prices help the CAD trade strong against most of its rivals. At the end of the week, the USD/CAD
Share: Australian Dollar weakens on fears of a credit crunch in the Chinese property sector. Hawkish commentary from the Governor of the RBA, Philip Lowe, temporarily staunches the bleeding. US factory gate inflation comes out higher than expected, however, supporting the US Dollar. The Australian Dollar (AUD) trades lower against the US Dollar
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GBP/USD Prices, Charts, and Analysis The UK economy grew by 0.2% in the second quarter. The economy is estimated to have expanded by 0.5% in June. Recommended by Nick Cawley How to Trade GBP/USD The UK economy expanded by a better-than-expected 0.2% in Q2, beating forecasts of zero growth, while the economy grew by a
Share: EUR/USD stabilizes after reversing from two-week high, prods two-day uptrend. US inflation data came in mixed for July but Fed policymakers throw advance party. ECB Economic Bulletin cites lack of clarity with downbeat tone. More clues of US inflation eyed for clear directions of Euro. EUR/USD lacks clear directions around 1.0980-85 during
US Dollar (DXY) Price, Chart, and Analysis The US dollar sheds half a point after the CPI release. Headline inflation rises by less than expected. Recommended by Nick Cawley Get Your Free USD Forecast Core inflation fell and headline inflation rose by less than expected in July, according to the latest US Inflation Report. Core
GBP PRICE, CHARTS AND ANALYSIS: GBP/USD Bulls Return as Cable Retests the 1.2750 Mark in Early European Trade. Choppy Price Action May be Down to Seasonality as the US CPI and UK GDP Releases are Sorely Needed to Stoke the Volatility and Provide Direction. Eyes on a Potential Range Breakout of the 100-Pip Range Which
Oil Prices, Charts, and Analysis Oil prices re-test multi-month highs EIA crude oil stocks rise, gasoline stocks fall. Recommended by Nick Cawley How to Trade Oil The price of oil continues to press higher despite an unexpected build in EIA crude oil stocks. After last week’s unexpectedly large fall, today’s build should press down on
GBP/USD Price and Analysis GBP/USD held above 1.27 on Wednesday, having regained it The Sterling market reckon rates will rise further, but maybe not much further The sparse UK data calendar gets a lot more crowded into next week Recommended by David Cottle How to Trade GBP/USD The British Pound faces a lack of domestic
AUD/USD ANALYSIS & TALKING POINTS Concerns around Chinese economy increase leaving AUD under pressure. Fed speakers under the spotlight later today. Bears eye 0.6500. Recommended by Warren Venketas Get Your Free AUD Forecast AUSTRALIAN DOLLAR FUNDAMENTAL BACKDROP The Australian dollar has slid further this Tuesday morning as Chinese import and export numbers (refer to economic
