Forex Market News
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Canadian Dollar Outlook: USD/CAD at Risk on Hawkish BoC but Fed May Be a Spoiler

The Bank of Canada's hawkish stance could weigh on USD/CAD in the near term, but the Fed could counter weakness if it embraces an aggressive stance at its June meeting next week.

Fri Jun 9, 2023 00:03
Silver Prices Draw Support from USD Weakness and Falling Yields, US CPI Eyed

After a subdued performance on Wednesday, silver prices spring back to life, rallying more than 3% on Thursday, boosted by U.S. dollar weakness and falling yields.

Thu Jun 8, 2023 19:40
USD/JPY Price Forecast: Yen Bid on Japanese GDP & US Jobless Claims

USD/JPY is down 0.5% today on the back of strong Japanese GDP and US jobless claims. The Yen now looks to push away from the 140 handle.

Thu Jun 8, 2023 17:44
US Dollar Update: Key Data and Events Next Week Will Steer the Greenback

The US dollar continues to trade sideways despite rising US Treasury yields and expectations of higher US rates in Q3. Next week’s economic calendar will steer the dollar’s short-term trajectory.

Thu Jun 8, 2023 17:44
EU Enters Recession: EUR/USD, EUR/GBP and EUR/JPY Price Setups

The euro zone has technically entered a recession as downward revisions to both the Q4 2022 and Q1 2023 figures confirmed two consecutive quarters of negative growth

Thu Jun 8, 2023 15:18
Gold Prices at Risk of Freefall Below the 100-Day MA

Spot Gold faces continuous hurdles in an attempt to push higher. Could recessionary fears rekindle the safe havens appeal or is a freefall toward $1850/oz incoming?

Thu Jun 8, 2023 13:51

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