Forex News Category

Spotlight on Retail Sales of Pound and Canadian Dollar GBP/CAD is still moving lower and is trading moderately near 1.6990 early on Friday. The cross hit a one-month high the day before retreating from the 50-day EMA. At the same time, a bearish top candle can be observed during the daily timeframe, indicating further weakness

RBNZ Survey – Inflation is expected to rise & to be around 3% Aggressive polls at the Reserve Bank showed a very sharp rise in expectations for future inflation.  The results of the RBNZ’s latest quarterly forecast survey could fuel speculation that the RBNZ could raise its official cash rate by up to 50 basis

EUR/USD accelerates decline below 1.1300          The EUR/USD exchange rate has been heavy this week. On Tuesday, it fell in the US and expanded in Asia. Now falls faster and reaches a few stops below 1.13. The US dollar sold in almost all directions and continued higher on Tuesday US time. The recent rise in the

EUR/JPY broke its eighth straight day of decline and is hovering around the 130.00 level The pair has been under pressure from an upward US dollar backed by inflation data. In addition, the adjusted decline in US Treasury yields also contributed to the negative trend. The US dollar will strengthen on Tuesday as it continues

China’s Retail Sales Growth Impact & Forecast The Chinese economy is going through a difficult time due to the spread of the novel coronavirus infection (COVID-19). Meanwhile, China faces serious challenges from soaring energy prices. Coal and natural gas prices have soared over the past few months. As a result, the government has demanded that