Market News

MARKET NEWS

September 13, 2023
USD/CAD Steady Above 1.3500s, Eyes on US CPI Report

USD/CAD Steady Above 1.3500s, Eyes on US CPI Report In the early hours of Wednesday’s Asian trading session, the USD/CAD currency pair found itself in a stable position, hovering just above the mid-1.3500s range. This marks a phase of consolidation for the pair, following its recent descent to a one-and-a-half-week low that was recorded just

Read more
September 11, 2023
AUD/USD Surges Above 0.6420 Mark as USD Weakens and Hopes for US Soft Landing Increase

AUD/USD Surges Above 0.6420 Mark as USD Weakens and Hopes for US Soft Landing Increase During the Asian session on Monday, the AUD/USD held above the 0.6400 area, with the Australian Dollar (AUD) benefiting from a weaker US Dollar and diminishing concerns about China’s deflation. Currently trading near 0.6425, the pair has gained 0.75% for

Read more
September 8, 2023
GBP/USD Recovers, Stays Below 1.2500

GBP/USD Recovers, Stays Below 1.2500 GBP/USD has seen a glimmer of hope after enduring three consecutive days of losses. In the Asian trading session on Friday, the currency pair made a modest recovery, hovering around the 1.2490 mark. This turnaround can be primarily attributed to a correction in the value of the US Dollar (USD),

Read more
September 7, 2023
NZD/USD Hovers Near November 2022 Lows at 0.5865-60

NZD/USD Hovers Near November 2022 Lows at 0.5865-60 The NZD/USD pair is currently facing a tough challenge during the Asian trading session. It’s hovering around a level between 0.5865 and 0.5860, marking its lowest point since way back in November 2022. The main culprit behind this struggle is the strong US Dollar (USD), and the

Read more
September 5, 2023
EUR/USD Tests Key Support Level as Focus Shifts to ECB and Economic Data

EUR/USD Tests Key Support Level as Focus Shifts to ECB and Economic Data The EUR/USD currency pair is in a bit of a sticky situation. It’s currently hanging around the 1.0780 level, which is pretty important. It’s been at this level for about 5.5 months. Recently, there was a tiny bounce, but that excitement didn’t

Read more