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The Canadian dollar fell sharply on Wednesday against other major currencies, even including a weakened US dollar, after the Bank of Canada held interest rates steady.While the rate hold was widely...
The GBP/CAD might not be everyone’s cup of tea but this pair will be or remain in focus today as traders respond to economic news from both the UK and Canada.We’ve already had UK news out...
There was no ambiguity from the pound this Wednesday, with the currency making it clear how it felt about the UK’s preliminary third quarter GDP reading. The Q3 growth figures came in at 0.4%,...
The Australian dollar took a hit during the Asian session after the release of disappointing inflation data. AUD/USD slid to 0.7707, its lowest July since mid-July, as investors discount further a...
Market OverviewFinancial markets are becoming increasingly cautious as key risk events approach but there there is an ongoing underlying sense of a dollar positive bias in the market. There is a...
The UK economy grew at a quarterly rate of 0.4% last quarter, beating expectations of 0.3%. This was the fastest quarterly pace of growth so far this year, but is still below the 0.6% rate registered...
On Tuesday, the US dollar resumed its relatively tight trading range from the previous day, but remained well-supported on the anticipation of more hawkish monetary policy from the Fed and...
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.The U.S. dollar traded higher against all of the major currencies Tuesday as the 10-year Treasury yield rose above 2.4%. ...
Market OverviewTraders seem to be jostling for position with several key risk events in the near future but nothing definitive to provide markets with decisive direction. In the course of the next...
On Monday, USD/CAD rose to key resistance around the 1.2650 level, an important previous turning point for the currency pair that was last reached in late August. Last week, USD/CAD broke out above a...
The US dollar index rose modestly on Monday to fluctuate just under major resistance around the 94.00 handle. This key level has held as resistance since the index broke below it in late July. Since...
In Japan Prime Ministers Shinzo Abe's ruling LDP-Komeito coalition was handed a resounding victory in the Lower House elections. Upstart opposition Party of Hope failed to convert general popularity...
The single currency started the week on the back foot as the ECB decision looms. The euro was down roughly 0.30% against the US dollar but lost even more ground against high quality commodity...
The European Central Bank is widely expected to announce a plan to reduce the pace of its monthly asset purchases on Thursday. But at the same time, the ECB may also extend the duration of the QE...
Forex Daily Technical Overview 23 Oct 2017GBP/USD Intraday: the bias remains bullishPivot: 1.3145 Our preference: long positions above 1.3145 with targets at 1.3225 and 1.3260 in...