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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.
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Pound off session lows vs. US dollar after UK manufacturing data British pound jumped off session lows against the US dollar on Tuesday after data showed that UK manufacturing production decreased at a smaller pace in April, compared to previous period.GBP/USD pair slid to session low at 1.5532, after […]
Super Micro Computer shares close at record high on AI growth prospects The shares of Super Micro Computer Inc (NASDAQ: SMCI) surged 14.02% to a fresh all-time high on Thursday on expectations of future growth propelled by artificial intelligence technology as demand for the latter continues to soar.Bank […]
Gold trading outlook: futures rebound from fresh 1.5-week lows as markets await a huge series of US data later in the week On Tuesday (in GMT terms) gold for delivery in December traded within the range of $1,318.8-$1,335.9. Futures closed at $1,323.7, shedding 0.14% compared to Monday’s close. It has been the 178th drop in the past 336 trading days and also a […]
USD/CAD Open Price 1.4286 Ahead of February’s Canadian Consumer Price Index Data Key momentsFebruary's Canadian Consumer Price Index (CPI) is projected to indicate a slight uptick in annual inflation, moving from 1.9% to 2.1%.
Bank of Canada (BoC) recent interest rate cut of 25 basis points to 2.75% amidst trade […]
NatGas Futures Eye Breakout Below $2.996 Barrier
Key Moments
Natural Gas rebounded from a $2.616 low to $2.944 on the 5-hour chart, trading just under key resistance at $2.996.
Price action sits above the 200-period SMA at $2.832, with support from $2.818 to $2.910, but […]
Natural gas surges on speculation for huge withdrawals ahead of EIA report Natural gas surged on Thursday amid speculation for a larger than the 5-year average drop in US gas inventories ahead of EIA weekly report, due later today. Meanwhile, natural gas and heating demand is expected to remain very strong as a […]