Blogs

USD/CAD edges slightly lower after 1.34+ rebuff. Economists at Scotiabank analyze the pair’s outlook.

Oil prices are going nowhere despite quite a few bullish elements to take into account this Wednesday. The overnight publication from the American Petroleum Institute (API) revealed a massive draw down of 5.2 million barrels from last week.

GBP/USD recovers its early losses but may struggle to extend, economists at Scotiabank report 1.2600 is key support Solid Sterling gains from the daily low just under 1.27 cast a positive light on near-term price action but there has been little follow through demand through the low 1.27s and broader trading patterns still lean somewhat […]

The US Dollar (USD) trades steady with markets easing a touch. Traders will want to stay out of the market ahead of the main event on Thursday when the US inflation will be printed in the form of the Consumer Price Index (CPI) numbers

Gold price (XAU/USD) recovered on Wednesday after a slight fall in 10-year US Treasury yields as investors shift focus towards the United States inflation data for December, which will be released on Thursday.

Economists at MUFG Bank expect the EUR/USD pair to extend its decline and test the 1.0700 mark.

United States MBA Mortgage Applications increased to 9.9% in January 5 from previous -10.7%

Cable is holding around 1.2700 mark in early Wednesday, following a triple upside rejection at 1.2770 zone.