USDCAD is been consolidating since April 24, 2019 near the monthly resistance 1.34500 and is finally broken as the Bank of Canada releases the unchanged Interest rate decision as 1.75%. The decision was in line with market expectations but the ongoing slump in Crude Oil prices kept exerting some downward…

(Reuters) - The Canadian dollar was little changed against the greenback on Wednesday ahead of a Bank of Canada interest rate decision, with the loonie recovering from near a five-month low earlier in the session when investors worried about trade tensions. Global stocks and the price of oil, one of…

USDJPY reaches the ascending long term trendline at 109.250 in the past hour. This level is already been tested on May 10, 2019 and surged to 110.500 but failed to break through . U.S. President Donald Trump said on Monday that Washington was not ready to make a deal with…

(Bloomberg) -- People’s Bank of China’s Governor Yi Gang said he’s “confident” the yuan will stay basically stable at a reasonable and equilibrium level, as many factors favor a stable currency. The yield spread between U.S. and Chinese 10-year sovereign bonds was “still in a relatively comfortable range” and the…

GBPUSD exchange rate remained muted and the pairing is currently trading at an inter-bank rate of $1.2675. On Tuesday, Conservative leadership candidate Jeremy Hunt warned that the party would be committing ‘political suicide’ if it tries to push through a no-deal Brexit. Speaking to BBC Radio 4’s Today program ,…

The Australian dollar was slightly bid in Asia on today, but quick fall on Monday’s low at 0.6913 (also broken Fibo 23.6% of 0.7068/0.6864). Recovery from 0.6864 bases (lows of 17/23 May) showed initial signs of the stall on upside rejection on approach to key barriers at 0.6942/45 ( falling…

GBPUSD technical perspective, any subsequent up-move seems more likely to confront some fresh supply near the 1.2770-80 region and remain capped below at an important horizontal support break-point, now turned resistance near the 1.2800 round figure mark. On the flip side, the 1.2700 round figure mark now becomes immediate support…

EURUSD depreciating since the early sessions today as Euro experiences weaker than expected economic releases. The PMI monthly Composite Reports on Manufacturing and Services, released by Markit Economics was 51.6 vs 51.7 expected and the the PMI service released as 52.5 vs 53.0 expected and Manufacturing Purchasing Managers Index (PMI)…

The dollar was higher across the board in early trade in Europe Wednesday, as the reportedly imminent exit of British Prime Minister Theresa May over the Brexit shambles depressed the pound and made for an awkward backdrop to European parliament elections that start today. At 03:00 AM ET (0700 GMT),…

The most awaited economic release is out for the day for the Canadian dollar as 1.1% vs 1.0% expected and the sales excluding autos rose 1.7% to surpass the analysts' estimate of 0.9% by a wide margin.. The Retail Sales released by the Statistics Canada is a monthly data that…