Share: USD/CAD strengthens due to the Fed’s hawkish tone on interest rates trajectory. Stronger US jobs data bolster the US yields; contributing support for the US Dollar. Downbeat Crude oil prices put pressure on the Canadian Dollar. USD/CAD traces the upward path on the fourth successive day, trading higher near 1.3710 during the
Share: Mexican Peso appreciates more than 0.60% but fails to break support at the 20-day SMA. Mexico’s economic budget saw increased welfare pensions equivalent to 1.4% of the GDP. USD/MXN consolidates in the mid-North American session at around 17.40s. The Mexican Peso (MXN) remains firm versus the US Dollar (USD) on an improvement
© Reuters. By Nell Mackenzie LONDON (Reuters) – Hedge fund Eisler Capital posted a 4.17% positive performance for the year to end-August, it said in a letter to investors, benefiting from a basis-trade strategy that has regulators worried about financial stability risks. According to the letter seen by Reuters, basis trades have been a part
Today I present you an overview of trades made using the Owl strategy – smart levels for the EURUSD, GBPUSD and AUDUSD currency pairs for the week from September 18 to 22, 2023. There were opened a total of 4 trades in two currency pairs. For convenience and timely receipt of signals I use the Owl Smart Levels Indicator.
Today I present you an overview of trades made using the Owl strategy – smart levels for the EURUSD, GBPUSD and AUDUSD currency pairs for the week from September 11 to 15, 2023. The market was quite clearly undecided on the direction of its movement, and only 2 trades were opened in total. For convenience and timely receipt
USDCAD falls to new session lows The USDCAD is trading to a new session alone in the process is testing a swing area between 1.3494 and 1.35039. Below that is the September 1 low at 1.34889. Get below those levels and traders will start to think about the 200 day moving average down at 1.3464
Today I present you an overview of trades made using the Owl strategy – smart levels for the EURUSD, GBPUSD and AUDUSD currency pairs for the week from September 4 to 8, 2023. There were opened a total of 6 trades, two for each currency pair. The Owl Smart Levels indicator traded all currencies on the downside
Share: AUD/JPY recovers from the intraday losses amid BoJ’s hawkish comments. BoJ Governor Kazuo Ueda suggested the odds of interest rate hikes in the future. Investors turn cautious as China’s weak demand weakens the Australian Dollar (AUD). AUD/JPY trades lower around 94.00 during the Asian session on Monday, trimming the intraday losses. However,
Share: Gold price trades sideways amid US Dollar (USD) retreats. Improved US Treasury yields could exert downward pressure on the price of Gold. China’s disinflationary pressures influenced the yellow metal. Gold price trades around $1,920 a troy ounce during the early trading hours in the Asian session on Monday. The precious metal struggles
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
