USD/CAD climbs to near 1.4380 after the release of the US/Canada employment data for February. The Canadian Dollar weakens as the economy barely added fresh workers in February. US NFP data misses estimates by a slight margin. The USD/CAD pair gains sharply to near 1.4380 in Friday’s North American session. The Loonie pair attracts significant bids … Read more
USD/CAD wobbles around 1.4300 ahead of the US/Canada labor market data for February. US President Trump has announced tariff relaxation on a number of imports from Canada and Mexico. The US Dollar Index posts a fresh four-month low near 103.60. The USD/CAD pair trades in a tight range around 1.4300 in European trading hours on … Read more
Room for US Dollar (USD) to retest the 147.30 low vs Japanese Yen (USD); the next support at 147.00 is unlikely to come under threat. In the longer run, increase in downward momentum suggests USD could weaken to 147.00, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note. USD can weaken to 147.00 … Read more
West Texas Intermediate (WTI) Oil price advances on Friday, early in the European session. WTI trades at $66.93 per barrel, up from Thursday’s close at $65.99. Brent Oil Exchange Rate (Brent crude) is also up, advancing from the $69.20 price posted on Thursday, and trading at $70.06. WTI Oil FAQs WTI Oil is a type … Read more
NZD/USD may aim for initial resistance at the three-month high of 0.5794, reached on January 24. The 14-day Relative Strength Index remains above 50, reinforcing the bullish outlook. Immediate support is seen at the psychological level of 0.5700, aligning with the 50-day EMA at 0.5698. The NZD/USD pair loses ground after registering gains in the … Read more
The Australian Dollar weakens as traders adopt caution ahead of Friday’s Nonfarm Payrolls release. The AUD may find support after Trump exempted Mexican and Canadian goods under the USMCA from his proposed 25% tariffs. US NFP is expected to increase to 160K in February, up from January’s softer reading of 143K. The Australian Dollar (AUD) … Read more