EUR/USD Rate Talking Points EUR/USD snaps the series of higher highs and lows carried over from last week as the update to the US Consumer Price Index (CPI) fuels speculation for another 75bp Federal Reserve rate hike, and the exchange rate may continue to give back the rebound from the yearly low (0.9864) as it …
EUR/USD Rebound Unravels amid Failure to Hold Above 50-Day SMA Read More »
Crude Oil Price Talking Points The price of oil trades to a fresh weekly low ($88.27) despite a larger-than-expected decline in US inventories, and crude may continue to give back the advance from the monthly low ($85.73) as it appears to be reversing course after testing the 50-Day SMA ($96.34). Crude Oil Price Rebound Unravels …
Crude Oil Price Rebound Unravels After Testing 50-Day SMA Read More »
Canadian Dollar Talking Points The Canadian Dollar tracks the recovery across commodity bloc currencies as USD/CAD slips to a fresh weekly low (1.2895), and fresh data prints coming out of the US may fuel the recent weakness in the exchange rate as the Personal Consumption Expenditure (PCE) Price Index is anticipated to show a slowdown …
USD/CAD Rally Unravels Ahead of US PCE Report amid Failure to Test Yearly Read More »
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