Forex Market

The USD/CAD pair is on its way to closing below 1.3400 for the lowest weekly close since February. The Canadian Dollar has some room to rise in the near future, according to MUFG Bank analysts. Analysts have been relatively skeptical about the prospects for CAD, and overall for the year, …

Less bad news than true positive news is being reflected in the strength of the British pound. Analysts note that the Bank of England will be heavily reliant on UK data (including employment and inflation) the following week. Although the pound has done well this year, recent data may have …

The US Dollar strengthens on Friday after US data and remarks by some Fed officials. The EUR/USD pair drops 80 pips from top, but holds firm to weekly gains. The EUR/USD is losing ground on Friday as the US Dollar recovers a part of recent losses. The pair reached a …

Consumer sentiment in the US improved modestly in early April with the University of Michigan’s (UoM) Consumer Confidence Index rising to 63.5 (preliminary) from 62 in February. This reading came in better than the market expectation of 62. Consumer Confidence Index in the US rose slightly in April. The US …

According to figures released on Friday, US retail sales in March decreased more than was predicted. Analysts claim that the amount of spending is still high, proving that consumers’ underlying resilience has not changed.After an extremely good start to the year, retail sales are declining once more. The amount of …

European stocks rose on Friday, on the verge of recording weekly gains for the fourth week in a row, supported by hopes that the Federal Reserve (the US central bank) will soon stop raising interest rates after recording lower-than-expected inflation in March. The pan-European STOXX 600 was up 0.3% by …

Oil prices fell on Friday after the International Energy Agency warned that production cuts announced by OPEC+ producing countries could widen the oil supply deficit and harm consumers. And by 0820 GMT, Brent crude futures fell ten cents, or 0.12 percent, to $ 85.99 a barrel. West Texas Intermediate crude …

A further decline in the US Dollar broke technical and psychological support levels. US stocks also increased at the same time. The Nasdaq increased by 1.99%, while the Dow Jones finished up 380 points, or 1.15%. Since February, the VIX closed at its lowest level. On Friday, major US banks …

Bulls on the USD/JPY remain in contention with chances of a daily closing over 132.50. The support of the trendline for the USD/JPY pair is crucial at this point. For the bullish thesis to continue to hold, 132.50 was identified as a crucial threshold that had to hold. This was …

US Treasury yields for10 years have not witnessed any change on Thursday since the close of last daily trading due to the pressure the markets are experiencing as a result of inflation data at the level of US producer prices, which highlighted rises that are much less than market expectations.The …