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Canadian Dollar Dented by GDP Data, But USD/CAD Near-Term Downtrend Holds

Canadian Dollar Dented by GDP Data, But USD/CAD Near-Term Downtrend Holds

The Canadian Dollar fell as a GDP slowdown cooled BoC rate hike bets. Still, USD/CAD’s near-term downtrend remains in play. AUD/USD is eyeing Chines...
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USDJPY Outlook Particularly Prone to Fed Messaging

USDJPY Outlook Particularly Prone to Fed Messaging

The world’s largest central bank is going to absorb key event risk and is up against a media blackout before its next monetary policy decision. A co...
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Gold Price Forecast: Gold Bounce Continues, Crude Oil Tries to Set Support

Gold Price Forecast: Gold Bounce Continues, Crude Oil Tries to Set Support

Gold bulls are working a trend and Oil prices have put in a strong bounce from the psychological level at 75....
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Canadian Dollar Price Action Setups: USD/CAD, CAD/JPY, EUR/CAD

Canadian Dollar Price Action Setups: USD/CAD, CAD/JPY, EUR/CAD

Canadian Dollar weakness has been on full display, with a breakdown in CAD/JPY to go along with a strong breakout in EUR/CAD....
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USD Breaking News: CB Consumer Confidence Declines for Second Month, DXY Moves Lower

USD Breaking News: CB Consumer Confidence Declines for Second Month, DXY Moves Lower

The CB consumer confidence report paints a rather mixed picture as respondents appear more upbeat about current conditions but fear for a tightening l...
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Euro Dollar Outlook: EUR/USD Wrestles with Resistance at Prior Support

Euro Dollar Outlook: EUR/USD Wrestles with Resistance at Prior Support

EUR/USD has fallen to another key zone of technical support and resistance at 1.0350. As fundamentals continue to drive price action, the USD faces bi...
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10 Trading Mistakes to Avoid in Forex Trading

10 Trading Mistakes to Avoid in Forex Trading

Human error in the FX market is common and can lead to common trading mistakes. See the top 10....
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US Dollar (DXY) Outlook – Fed Chair Powell, US Inflation Data and NFPs All Near

US Dollar (DXY) Outlook – Fed Chair Powell, US Inflation Data and NFPs All Near

The greenback is re-testing support after Monday’s late sell-off ahead of an important speech by Fed chair Jerome Powell on Wednesday....
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Gold Bounces off 100-Day MA Eyeing a Break of $1760

Gold Bounces off 100-Day MA Eyeing a Break of $1760

Spot gold’s rally overnight helped by renewed optimism around China’s covid approach. Is the rally sustainable?...
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