Share: During the Asian session, the Australian Westpac Leading Index is due, and RBA Governor Bullock is scheduled to speak again. Later in the day, the focus turns to US data ahead of the Thanksgiving holiday, which includes Jobless Claims, Durable Goods Orders, and the University of Michigan Consumer Sentiment survey. Here is
USDCAD The USDCAD is lower on the day, and in the process, fell below the 100-hour moving average in the early European session (blue line in the chart above currently at 1.37356). The subsequent fall to 1.3707 (reached in the morning North American session) so the price fall below the swing high from Wednesday and
© Reuters. The currency pair experienced a rebound from its weekly lows, trading higher near 0.5930 during the Asian session on Thursday, Nov 09, 2023. The rise was attributed primarily to a weakening US dollar rather than the impact of China’s mixed economic data. This data included a 0.2% yearly fall in October’s Consumer Price
The USDCAD raced lower last week and continued that fall yesterday to a low of 1.36284. However, the move lower stalled, and the price moved back above a swing area between 1.3659 and 1.3668 (and held support on a dip). Sellers turn the buyers and that momentum has continued in trading here today. The price
© Reuters. Investing.com – The U.S. dollar rose in early European trade Tuesday, rebounding from recent lows, while the Australian dollar slumped after the RBA hinted at the end of its cycle of rate hikes.. At 03:25 ET (08:25 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, climbed
I don’t envy Kazuo Ueda. The Bank of Japan governor faces the task of unwinding the world’s most-aggressive policy of QE and ultra-easy rates in the world’s most-indebted country. He took a small step towards less-aggressive policy on Tuesday and that has helped to prop up the yen. Earlier today, Reuters reported that the BOJ
© Reuters. The currency pair experienced a rebound this week, testing resistance levels amidst a backdrop of favorable US consumer sentiment and personal spending data. The pair hit a new low at 149.47 before recovering to 149.77, marking a positive start to the week. The pair is currently testing resistance levels, with the previous high
Share: The AUD/JPY is getting pushed back down into consolidation, slipping back beneath 95.00. The Yen is seeing a resurgence across the board on newfound strength. The Aussie is seeing recent gains get pared back heading into the end of the week. The AUD/JPY is seeing downside for Friday as the Yen (JPY)
Share: EUR/GBP hovers below the psychological level at 0.8700. The uncertainty over the BoE’s further policy actions put pressure on the Pound Sterling. ECB is expected to hold further interest rate hikes could weigh on the Euro. EUR/GBP trades higher around 0.8680 during the Asian session on Thursday. The uncertainty of the next
© Reuters. The US dollar, which had been weakening due to anticipated rate cuts in the midst of peak long-dated rates, rebounded on Thursday, driven by robust economic indicators. The Q4 Consumer Price Index (CPI) annualized at 3.79%, as reported by the Cleveland Fed’s nowcast, played a significant role in this turnaround. This shift in
