Latest breaking stories, features and analysis
USD/CAD rallies ahead of potential BOC micro-rate cut
- The USD/CAD pair has rallied ahead of the BOC interest rate decision.
- Some analysts expect the bank to deliver a micro-rate cut.
- That's because the BOC has already said it won't implement negative rates
14th JanuaryAnalyst previews bank earnings: ‘going to be messy’
Here’s where the dollar is heading if Joe Biden wins
The dollar is likely to start a bearish cycle in case the Democratic candidate Joe Biden wins in the next month’s elections, analysts believe. Fundamental analysis: Dollar remains vulnerable The U.S. dollar remains vulnerable to “substantial devaluation” as the fundamental aspect of the market points towards a deeper pullback,…
October 24, 2020
Markets roundup: Stocks plunge while gold and yen gain as Trump tests positive for COVID-19
Volatile financial markets have welcomed European traders and investors this morning after the U.S. President Donald Trump and his wife Melania had tested positive for coronavirus and went into quarantine. Trump tests positive Donald Trump confirmed on Twitter that he and his wife Melania are positive on COVID-19 infection.
October 2, 2020
Dollar index turns lower on profit taking
The U.S. dollar index (DXY) is trading around 0.4% lower today after it printed a 2-month high on Friday. Investors are most likely using this opportunity to book profits, while the greenback is likely to stay bid on persisting concerns over economic recovery ahead of a stream of economic data…
September 28, 2020
Here’s where USD/JPY price may trade in October
USD/JPY price is threatening to make a major bearish break below the $105 handle, following meetings of the Federal Reserves and Bank of Japan (BoJ). Fundamental analysis: BoJ steady, Fed pushes dollar higher The Bank of Japan held fire in this morning’s meeting on Tokyo to leave its…
September 17, 2020