The USD/CAD pair rallies after the Bank of Canada decides to cut its key interest rate at its June meeting. The decision was widely expected but still weighs on the Canadian Dollar, lifting the pair which also gets a second boost after US ISM Services PMIs surprise to the upside, …

Mohammed Hashad, Head of Research and Development Department at Noor Capital, Member of the US Association of Technical Analysts, commented and analyzed the most prominent developments across markets as well as the performance of the most important assets, in an interview on Dubai TV.As investors, analysts and traders are awaiting …

At his press conference on Thursday, BoC’s Governor Tiff Macklem reiterated that decisions on interest rates will be on a meeting-by-meeting basis.The USD/CAD pair climbed to four-day tops past the 1.3700 mark as investors continue to assess the BoC’s rate decision, while Toronto stocks (TSX index) rose after the bank …

The USD Index (DXY) advanced slightly after briefly testing two-month lows near 104.00. On June 5, MBA’s Mortgage Applications are due seconded by ADP Employment Change, the final S&P Global Services PMI and the ISM Services PMI.The dollar managed to reverse part of the recent weakness after bottoming out in …

As a result of recent weaker than expected US data, particularly from last week and the first two days of the current new trading week, worries and concerns have surfaced regarding the likelihood that the US economy could slide into a deep slowdown in the near future. Investors first thought …

Gold prices have fallen by 0.90% in the mid-North American session on Tuesday, amid risk-off sentiment and falling US Treasury bond yields. The latest tranche of US economic data shows the economy is slowing down, warranting lower interest rates. However, the Gold Index, XAU/USD, trades with losses and exchanges hands …

Binance Coin (BNB) is on the verge of a potential breakout to a new all-time high, driven by growing on-chain activity, a recent price surge, and the resolution of ex-CEO Changpeng Zhao’s legal issues. The token has been trading within an ascending triangle pattern since May 16, with a bullish …

Following steep losses on Monday as a result of the unsatisfactory May ISM PMIs, the US dollar secured some gains although JOLTS for April revealed fewer job openings than anticipated. Despite struggling, the US Dollar Index is 0.04% up, trading at 104.09 at the time of writing. In order to …

Investors reacted to underwhelming recent economic data and prepared for the release of key payroll data later this week.Monday’s US manufacturing data for May came in below expectations and indicated that a recent contraction is deepening, albeit slightly.These figures follow other data that suggests the world’s largest economy is slowing …

USD/JPY has fallen to 155.00 due to a combination of risk-off market sentiment and rumors that the Bank of Japan (BoJ) is considering reducing bond purchases at its June meeting. This move would raise Japanese bond yields and support the Yen, a negative for USD/JPY. The US Dollar (USD) bounced …