The Pound Sterling rises to near 1.2600 against the US Dollar due to positive developments in the Russia-Ukraine peace truce. Fears of US President Trump’s tariffs on Canada, Mexico, and China loom large. The BoE is expected to follow a careful and gradual policy-easing approach. The Pound Sterling (GBP) gains ground against the US Dollar … Read more
USD/CAD could retest the “pullback resistance” near the key psychological level of 1.4450. The bullish outlook remains intact, reinforced by the 14-day Relative Strength Index staying above 50. The nine-day Exponential Moving Average at 1.4356 may act as the primary support level. USD/CAD snaps its six-day winning streak, hovering around 1.4440 during Friday’s Asian session. … Read more
The US Dollar Index weakens to near 107.25 in Monday’s early European session. The positive outlook of the DXY remains intact above the 100-day EMA, but further consolidation cannot be ruled out. The immediate resistance level emerges at 108.45; the first support level is seen at 106.70. The US Dollar Index (DXY) faces some selling pressure to near 107.25, … Read more
In an interview with France’s Le Figaro newspaper late Sunday, French President Emmanuel Macron said that France and Britain are proposing a one-month truce in Ukraine to stop all air and sea conflict and attacks on energy infrastructure. This came after the crisis talks held in London, in which European leaders closed ranks in support of Kyiv, pledging to … Read more
EUR/USD gains as the latest US PCE inflation data aligns with expectations, easing concerns over unexpected US inflation spikes. A slight increase in US Treasury yields could help limit the downside of the US dollar. Traders look to the Eurozone HICP inflation data for further direction ahead of Thursday’s ECB policy decision. EUR/USD pauses its … Read more
AUD/USD rebounds to around 0.6215 in Monday’s early Asian session. China’s NBS came in stronger than expected in February. Trump said he will impose an additional 10% tariff on China. The AUD/USD pair recovers some lost ground to near 0.6215, snapping the six-day losing streak during the early Asian session on Monday. The upbeat Chinese … Read more