USD/CAD remains near multi-week low, flirts with 1.3700 ahead of US macro data
USD/CAD is struggling to capitalize on the previous day’s modest recovery from multi-week lows. Dovish Fed expectations and positive risk sentiment are weighing on the USD and limiting the pair’s gains. A rise in crude oil prices supports the Loonie…
Police say Framingham resident lost $24,000 to phone spoofing scam
FRAMINGHAM — A local resident lost $24,000 after falling victim to a scam targeting multiple communities, authorities said. Someone is using fake phone numbers of local police departments, giving the names of real officers, calling people and demanding money. Police…
Bulls flirt with 200-day SMA near 0.6600 ahead of US inflation data release
AUD/USD is supported by a combination of factors but lacks bullish conviction. The RBA’s restrictive stance continues to act as a tailwind given the subdued USD exchange rate development. However, traders are waiting for the important US inflation numbers before…
AUD/USD near multi-week high, bulls expect continued strength beyond 0.6600
AUD/USD is regaining positive momentum and is climbing closer to the multi-week high reached on Friday. The RBA’s hawkish stance and positive risk appetite are proving to be key factors benefiting the Aussie. China’s economic problems could act as a…
NZD/JPY Price Analysis: Cross consolidation at 88.00
NZD/JPY is moving sideways after a three-day winning streak and mixed technical signals are emerging. Despite the increase, the RSI remains near the oversold zone and the MACD is printing decreasing red bars. The falling volume suggests that selling pressure…
Euro defines short-term range before next breakout
EUR/USD continues its sideways move above 1.0900 on Friday. The euro must break out of the 1.0900-1.0940 range to determine the next direction. The economic calendar does not contain any publications of important dates. EUR/USD closed almost unchanged for the…
USD/CAD hovers near multi-week low, Canadian labor market data provides new impetus
USD/CAD remains weak for the fifth consecutive day ahead of Canadian labor market data. Rising oil prices are supporting the loonie and weighing on the pair amid a slight decline in the USD. Spot prices are expected to record weekly…
USD/CAD remains near two-week low on weaker USD, falling oil prices offer support
USD/CAD remains under some selling pressure for the fourth consecutive day on Thursday. Cautious Fed expectations and falling US bond yields are weighing on the USD and exerting some pressure. A slight decline in oil prices could weaken the loonie…
Hybrid working models have become the norm
On the radar The Romanian central bank cut its key interest rate by 25 basis points to 6.5 percent on Wednesday. The inflation rate in Hungary was 4.1% compared to the previous year. Today at noon CET, the Serbian central…
A tech crash shakes Asia and further yen madness
Thursday’s trading session in Asian markets felt like watching a train wreck on repeat, made all the more exciting as the interest rate saga intensified under the ever-watchful eye of the Bank of Japan. The Topix index in Japan set…
