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The IEA revised its 2024 oil demand growth forecast up to 1.24M bpd amidst ongoing tensions in the Middle East. WTI Crude Oil is peeking out above its multi-month bearish channel, but traders may be...
China reports Q4 GDP data on Wednesday; is a rebound in store?CPI numbers due in UK, Japan and CanadaRetail sales to be the main focus in the USIs China’s recovery getting back on track?The...
USDCAD pauses rebound near key resistance trendlineMarket sentiment remains fragile below 1.3440 USDCAD could not climb into the 1.3400 zone despite the slight positive surprise in the US CPI...
Dollar traders lock gaze on US inflation dataYen falls as wage data suggest BoJ is in no rush to raise ratesWall Street rebounds ahead of CPIs and earnings seasonUS SEC approves bitcoin ETFsWill the...
The US dollar is poised for potential shifts with today's CPI report, impacting major pairs like USD/JPY and USD/CAD Inflation expectations are set relatively high, meaning risks are skewed in favor...
· USDCAD meets 20-day SMA · Technical signals mixed; downtrend well intact USDCAD has been...
The US dollar is under pressure as the pound, and euro attempt a recovery, raising doubts about its upward trajectory. The dollar's recent easing is due to a minor rebound in risk appetite, a lack...
NFP report and Eurozone CPI will be the week’s focal point on FridayFOMC minutes and ISM PMIs will also be crucial for the US dollarCanadian employment and Chinese PMIs might attract attention...
Canadian GDP remains flat for a second straight month PCE Price Index eases The Canadian dollar is showing limited movement on Tuesday. In the European session, USD/CAD is trading at 1.3248, down...
· USDCAD continues the sell-off in short-term · 20- and 200-day SMAs post death cross...
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