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The Canadian Dollar has slipped back into its lowest bids in almost three weeks against the US Dollar (USD) as broad-market flows reverse direction and pile back into the Greenback following a bumper reading for the US Purchasing Managers’ Index (PMI) that soundly thumped market expectations.The Bank of Canada is …

EUR/USD reverses course at 50-DMA, sliding below 1.0600 as US Treasury bond yields rise.US economy gains momentum with S&P Global Manufacturing PMI at 50 and Services PMI at 50.9.Eurozone business conditions continue to deteriorate, with Manufacturing, Services, and Composite PMIs in recessionary territory. EUR/USD reverses its course at the 50-day …

The dollar fell to its lowest level in a month on Tuesday, October 24, against a basket of other major currencies after US Treasury bond yields declined, but it regained some of its gains as the euro declined against the backdrop of weak economic data. The dollar index, which measures …

Gold prices rebounded on Tuesday as benchmark US Treasury bond yields declined and investors awaited economic data for clues about interest rates in light of the growing tensions in the Middle East. Gold rose in spot transactions 0.3 percent to $1,977.79 per ounce by 0712 GMT, while US gold futures …

European stocks rose on Tuesday, October 24, supported by large profits achieved by heavyweight companies such as the luxury goods giant Hermes and the Italian bank UniCredit, as well as gains in the mining sector resulting from the rise in metal prices. The European STOXX 600 index rose 0.2% by …

Oil prices rose in early trading in Asia on Tuesday, October 24, recouping some of the previous day’s losses as investors continued to worry that the war between Israel and Hamas could escalate into a broader conflict in the oil-exporting region, causing potential supply disruptions. By 00:32 GMT, Brent crude …

The Japanese Nikkei index stopped a wave of losses that lasted for three consecutive sessions on Tuesday, October 24, and rose in a volatile session as investors bought distressed stocks when they fell. The Nikkei rose 0.2% to close at 31,062.35 points after falling 1.4% earlier in the session. The …

Oil, Crude, trading

Oil, Crude, trading

Positive trades dominated the Canadian dollar’s movements yesterday. The currency was a few points away from the target it needed to achieve during the previous session, at 1.3745, and recorded its highest level at 1.3736. Technically, we are leaning towards negativity in our trading, relying on the beginning of pressure …