he Canadian dollar pared earlier gains against the U.S. dollar on Tuesday as oil prices fell and domestic inflation data supported expectations the Bank of Canada would cut interest rates further next month. The loonie was trading nearly unchanged at 1.3630 per U.S. dollar, or 73.37 U.S. cents, after touching its strongest intraday level since July 11 at...
With inflation data now in the rear-view, attention shifts to other critical areas of the US economy as we move towards the end of the week. Key reports, including July retail sales figures, the latest jobless claims, and manufacturing indices from New York and Philadelphia, are due for release today. These reports are expected to offer valuable insights into the...
ICT concept we can see a nice setup .EUR GBP i dont trade this pair but this looks great H4 high taken out. And the last BOS taken out. The EUR/GBP declined to 0.8540, UK employment data bolstered the Pound Sterling during the European session. Sentiment data made the Euro lose interest during the session. Tuesday witnessed the EUR/GBP pair fall, after the release...
Dollar Index Eases After Three-Day Rally The U.S. Dollar Index (DXY) edged lower on Friday, slipping 0.1% to 103.19 after three consecutive days of gains. The index is facing resistance at the 103.480 level, a key pivot where buying pressure stalled in the previous session. This pullback follows a dip in 10-year Treasury yields as traders assess the latest U.S....
Canadian Dollar marks third weekly plunge against US Dollar- USD/CAD rallies 1.87% USD/CAD monthly opening-range taking shape below technical resistance at yearly high Resistance 1.3849/81 (key), 1.3990-1.40, 1.4115– Support 1.3773, 1.3596-1.3617, ~1.35 The Canadian Dollar has been under assault for the past three-weeks with USD/CAD ripping to key technical...
The EUR/USD pair fell to a fresh three-week low of 1.0776 on Thursday but managed to finish the week in the green above the 1.0900 threshold. Market players had loads to digest throughout the week, but in the end, mounting speculation that the Federal Reserve (Fed) will trim interest rates aggressively and tepid United States (US) data fueling recession fears weighed more.
The dollar index rose to three-week high on Tuesday, following stronger than expected US JOLTS data and consumer confidence. Solid numbers add to view that the US economy remains resilient and offered fresh support to dollar. Bulls cracked barrier at 104.55 (50% retracement of 105.78/103.31 / daily Kijun-sen), with break here to expose the base of thinning daily...
Entry which passend me the Challenge. A PLUS Trade 1, Rejection on the OB and taken out liquidity. 2, High taken out and low 3, FVG at 10am 4, Fib 61.8 5, asian lows and highs taken out EUR/USD is churning chart paper near 1.0800 after the Federal Reserve (Fed) struck a notably measured tone regarding interest rates on Wednesday. Shifts in Monetary Policy Report...
What a trade great FVG and ob rejected daily high taken outThe Canadian Dollar (CAD) is little changed on the day and, with little domestic data of note out in the coming days, is likely to remain a bit of a sideshow for markets focusing more intently on developments elsewhere, Scotiabank’s chief FX strategist Shaun Osborne notes. A test of 1.39 seems on its...
Entry M30 OB rejected Low taken and retest on FVG FVG Asian low taken out now it's aiming for Asian High. The Pound to Dollar exchange rate can remain under pressure into a potential UK interest rate cut and Friday's U.S. jobs report. This week's Bank of England decision will be the key focus for the Pound, and the market is currently split 50/50 on whether...
GBP/USD Price Analysis: Stays subdued at around 1.2850 The Pound Sterling clings to minuscule gains on Friday after the latest inflation report in the United States (US) reinforced investors' bets that the US Federal Reserve could begin slashing rates at the September monetary policy meeting. At the time of writing, the GBP/USD trades at 1.2858, virtually...
EUR/USD Weekly Forecast: Could the Federal Reserve pave the way for a September cut?The EUR/USD pair edged lower in the fourth week of July, trading marginally lower in the 1.0850 region ahead of the close. The US Dollar started the week on a strong footing, but the momentum faded following the release of United States (US) first-tier data that helped improve the...
Market Insight: Dollar Dips as PCE Data Fuels Rate Cut Speculation The U.S. Dollar Index is edging lower as traders digest the latest Personal Consumption Expenditures (PCE) report, which has heightened expectations for a Federal Reserve rate cut in September. The greenback’s movement is closely tied to the 200-day moving average, a key technical level that may...
US Dollar Index trades flat as Q2 GDP grows 2.8%, surpassing economists' forecasts of 2.4% and highlighting economic resilience. Traders focus on next week's Fed meeting for clues on future monetary policy, including potential interest rate cuts later this year. Dollar's performance balanced between strong GDP and weak manufacturing data, with PMI index at 49.5...
EURO (EUR/USD) WEAKENS AFTER GERMAN PMIS DISAPPOINT, RATE CUT EXPECTATIONS RISE According to the latest HCOB flash PMIs, ‘Germany’s private sector economy slipped back into contraction at the start of the third quarter, weighed down by a worsening performance across the country’s manufacturing sector…there was also a further weakening of the labour market amid a...
GBP/USD trades in negative territory below 1.2950 on Friday. Disappointing Retail Sales data from the UK combined with the US Dollar (USD) recovery, fuelled by safe-haven flows, causes the pair to stay under bearish pressure ahead of the weekend. GBP USD Low taken out and Asian lows it could aim for Asian highs but i want a high to break and retest on the FVG.
US CRUDE OIL PRICE AND ANALYSIS Oil Prices were lower again on Tuesday on reports that Hurricane Beryl left crucial energy architecture in the Gulf of Mexico largely unscathed, easing near-term supply concerns. The area is usually responsible for just under half of all the United States’ oil output. Some production facilities were evacuated as the hurricane...
USD/CAD surrenders its entire intraday gains and turns negative as the US Dollar falls back due to firm Fed rate-cut prospects. Intraday gains in the US Dollar were driven by an assassination attack on US former President Donald Trump. The Canadian Dollar will dance to the tunes of Canada’s inflation data for June. The USD/CAD pair faces severe selling pressure in...