AUD/USD whipsaws on mixed economic data and expectations for monetary policy. Australia’s Retail Sales miss forecasts, but declining US inflation limits the losses. AUD/USD looks toward technical levels from historical moves for direction. The Australian Dollar (AUD) is consolidating against the US Dollar on Friday as fresh domestic data and monetary policy expectations for the … Read more
USD/CHF stuck between 0.8180–0.8300 as buyers fail to sustain breakout above resistance. RSI remains bearish; a break below 0.8200 could expose the May 7 low and YTD trough at 0.8034. Bulls must reclaim 0.8250 to retest 0.8300 and challenge the 50-day SMA at 0.8376. USD/CHF trades subdued on Friday after a US report showed that … Read more
The Canadian Dollar climbed 0.7% against the Greenback in Friday. Upbeat Canadian GDP growth figures sent Loonie traders scrambling for the buy button. The CAD is back in sight range of six-month highs. The Canadian Dollar (CAD) found some room on the top side on Friday, spurred higher by a better-than-expected print in Canadian Gross … Read more
Annual inflation in the United States (US), as measured by the change in the Personal Consumption Expenditures (PCE) Price Index, declined to 2.1% in April from 2.3% in March, the US Bureau of Economic Analysis reported on Friday. This reading came in below the market expectation of 2.2%. The core PCE Price Index, which excludes … Read more
Canada’s economy grew at an annual rate of 2.2% in Q1. USD/CAD trades marginally lower on the day below 1.3800. Canada’s real Gross Domestic Product (GDP) grew by 0.5% on a quarterly basis in the first quarter, Statistics Canada reported on Friday. This reading matched the 0.5% expansion recorded in the last quarter of 2024. … Read more
Elliott Wave Forecast suggests ITC remains in a bullish cycle with further upside ahead as long as key levels hold. ITC Ltd (NSE: ITC) shows a powerful long-term bullish trend based on Elliott Wave analysis. The stock has followed a textbook impulse sequence since the 1990s. The wave count reveals a clear five-wave structure, suggesting … Read more