| Updated: 
The USD/CAD has entered the overbought zone at 1.3225 level and has closed Doji and Spinning top candles below the strong resistance level of 1.3262 level. It seems like traders are bracing for the Bank of Canada monetary policy decisions. Checkout the USD/CAD price forecast to learn more about the trade setup.
TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover Forex, Price Action and Social Trading.
Forex Market: AUD/USD gains as Fed officials allay investors’ inflation concerns AUD/USD edged higher on Tuesday, mostly due to a weaker US Dollar, as Federal Reserve officials allayed concerns that inflationary pressure would force the central bank to tighten policy."I think there will come a time when we can talk […]
Pound Slides as UK Turmoil and Hawkish Fed Outlook Hits Key Moments
GBP/USD trades near 1.3245 in early Tuesday Asian dealings, extending recent weakness.
UK Prime Minister Keir Starmer resigned on Monday, intensifying political uncertainty and pressuring the Pound.
Markets see […]
Spot Silver rebounds from 1 1/2-week trough Spot Silver rebounded from a 1 1/2-week low of $71.98/oz. on Wednesday, as investors awaited the minutes from the Federal Reserve’s January meeting, which may provide fresh clues over monetary policy trajectory.The Fed left its federal […]
Gold trading outlook: futures supported by Ukraine; US data eyed Gold futures made slight gains during early trading in Europe today, after the self-rule referendum in Eastern Ukraine resulted in an overwhelming victory for separatists, stocking safe-have demand. Moscows reaction is still to come, and the […]
Brent oil dips below $102 amid weak U.S. data After rebounding from a one-month low of under $100 per barrel yesterday, Brent crude rebounded above $102, supported by weaker dollar and a North Sea outage. Following disappointing U.S. economy data on Monday, Brent oil slipped below $102 as […]
EUR/JPY Rebounds as Conflict Easing Hopes Lift Risk Appetite Key Moments
EUR/JPY traded around 182.60 during Asian hours on Monday after two consecutive sessions of declines.
Comments from US Energy Secretary Chris Wright on a possible end to the US-Israel conflict with Iran within “the […]