May 7, 2026 2:02 pm
Key Moments USD/CAD trades around 1.3630, showing virtually no movement on Thursday. Expectations for a potential US-Iran deal pressure Crude Oil prices and weigh on the Canadian Dollar. Traders monitor upcoming US labor data, including Initial Jobless Claims and Nonfarm Payrolls. Rangebound Trading in USD/CAD USD/CAD is trading sideways near 1.3630 on Thursday at the […]
Read moreMay 7, 2026 1:24 pm
Key Moments GBP/USD trades around 1.3620, up 0.18%, supported by a weaker US Dollar and positive risk sentiment. US Dollar Index (DXY) is lower by 0.1% near 97.90 as markets monitor US-Iran developments and risk appetite. Technical outlook stays constructive with GBP/USD above its 20-day EMA at 1.3518 and key Fibonacci levels in focus. Dollar […]
Read moreMay 7, 2026 10:16 am
The USD/ZAR currency pair hovered above a 2 1/2-week low of 16.2596 on Thursday, as optimism the US and Iran may be moving closer to a peace deal boosted investor risk appetite. Media reports stated that Washington and Tehran were working towards a one-page memorandum to put an end to the confrontation in the Gulf, […]
Read moreMay 5, 2026 11:09 am
The AUD/CAD currency pair edged lower on Tuesday, as the Australian Dollar demonstrated a muted reaction to the Reserve Bank of Australia’s latest policy decision. The RBA raised its official cash rate by 25 basis points to 4.35% at its May meeting, in line with market expectations. Eight members backed the hike, while one policy […]
Read moreMay 5, 2026 10:12 am
Key Moments Litecoin is consolidating near $55, trapped between support at $54 and resistance at $57 in a tight trading band. The 200-day moving average is positioned about 25% above the current price, underscoring the scale of the prior decline and recovery challenge. Analysts outline two main paths: a bullish break targeting $65-70 or a […]
Read moreMay 5, 2026 9:28 am
Key Moments Commerzbank projects EUR/GBP moving toward 0.89 in the coming weeks from levels near 0.86. The bank expects the BoE may raise rates once before market focus returns to potential cuts in the second half of the year. Current GBP strength is not expected to reappear until 2027, despite a forecast recovery beginning in […]
Read moreMay 5, 2026 9:14 am
Key Moments EUR/JPY trades around 183.80, marking a second straight day of declines as the Yen stabilizes. Commerzbank’s Volkmar Baur highlighted likely official action near USD/JPY 157.00 after a brief spike to 160.72. Heightened Middle East tensions and pressure on the Euro coincide with reports of Iranian actions near the Strait of Hormuz and Fujairah […]
Read moreMay 5, 2026 9:04 am
Key Moments Cardano (ADA) trades above $0.2500 on Tuesday, extending its advance toward a critical descending resistance trendline. ADA futures Open Interest climbs 5% in 24 hours to $488.04 million, while the OI-weighted funding rate rises to 0.0035% from 0.0011% on Monday. A sustained move above the 50-day EMA at $0.2555 could confirm a symmetrical […]
Read moreMay 5, 2026 8:32 am
Key Moments NZD/USD trades around 0.5880 in Asian hours after two consecutive sessions of declines. Safe-haven demand rises amid reported attacks involving Iranian drones and missiles and U.S. actions in the Strait of Hormuz. Markets look ahead to New Zealand’s first-quarter employment data as Fed officials keep the door open for further U.S. rate hikes. […]
Read moreMay 5, 2026 8:06 am
Key Moments AUD/JPY traded near 112.65 in early European deals on Tuesday. It recovered after earlier losses. The Reserve Bank of Australia raised the Official Cash Rate to 4.35% from 4.10% at its May meeting. Meanwhile, markets stayed alert. They watched for possible Japanese FX intervention. RBA Decision Supports AUD/JPY Recovery AUD/JPY trimmed earlier losses […]
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