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EUR to GNF

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Technical Analysis

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News

American total consumer debt increases by $300 billion in Q1 2022 amid surging inflation

At a time when US consumer price inflation has reached highs unseen in over 40 years, consumer borrowing in the country has also been on the rise. The general Consumer Price Index (CPI) for all urban consumers surged at a staggering rate of 8.6% year-on-year in May 2022, or the sharpest annual rate since December […]

June 28, 2022, 9:22 am in Currency News

Forex Market: USD/CAD falls to two-week trough as oil prices extend rally

USD/CAD registered a fresh two-week trough on Tuesday, as the Loonie drew support from recent rally in oil prices. WTI Crude Oil gained for a third straight trading day on Tuesday as key oil producers Saudi Arabia and the United Arab Emirates flagged capacity limitations, while political unrest in Libya and Ecuador additionally heightened supply […]

, 9:11 am in Currency News

Forex Market: EUR/USD extends gains ahead of ECB Forum, dollar softens as investors cut back Fed hike bets

EUR/USD extended Friday’s gains at the start of the new week ahead of Tuesday’s ECB forum in Sintra, Portugal. Fed Chair Jerome Powell, ECB President Christine Lagarde and Bank of England Governor Andrew Bailey are all expected to make speeches at the event. Meanwhile, the US Dollar continued pulling back from a 20-year peak after […]

June 27, 2022, 8:33 am in Currency News

Forex Market: AUD/USD gains as RBA signals more policy tightening ahead

AUD/USD extended gains from the prior trading day on Tuesday, after Reserve Bank of Australia Governor Philip Lowe signaled more interest rate hikes in the coming months. Gains, however, seemed limited by concerns over slowing global economic growth. The minutes of RBA’s June meeting, released on Tuesday, revealed the bank’s board had discussed increasing the […]

June 21, 2022, 8:35 am in Currency News

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