36 articles
USD/CAD fell sharply last week. The dollar lost ground for a second straight week, while oil climbed back above $100 a barrel. Now the pair faces its busiest day in weeks. On Wednesday, the Bank of Canada and the Fed both announce rate decisions, just over four hours apart. Then, on Thursday, US growth and…
The dollar gained again last week. Yet weekly currency moves stayed small. US inflation data arrives on Wednesday, and UK GDP follows on Thursday. Together, they bring both economies into focus as GBP/USD sits near 1.32, the bottom of its range. This trading week ahead also compares sterling with two other pairs. EUR/USD dropped below…
US payrolls rose by just 29,000 in September, well below the 90,000 forecast. Yet the dollar still finished the week higher. That contrast sets up this trading week ahead. Weak data cut expectations for another Fed hike, but the US Dollar Index still closed above a key resistance level. The calendar is light, so Wednesday’s…
EUR/USD fell into the 1.13s last week before recovering some ground. However, that rebound left the pair near the bottom of its recent range. This trading week ahead brings two important US releases: Wednesday’s inflation data and Friday’s jobs report. Both add evidence to the debate over the Fed’s next move after its recent rate…
EUR/USD is trying to stabilise near 1.1450 after last week’s Fed-driven selloff. However, technical support does not remove the pressure from elevated US yields and Europe’s energy risks. The Federal Reserve raised rates on Wednesday and left the door open to further tightening. The Bank of Japan also raised rates, while the Bank of England…
The ECB raised rates last week. Yet EUR/USD remains near 1.16 as attention turns to Wednesday’s Federal Reserve decision. The real uncertainty sits with the Federal Reserve. Its decision lands Wednesday, alongside fresh economic projections and a press conference from the chair. EUR/USD recovered around 1.16 on Friday after a week of consolidation. However, Wednesday’s…
Friday’s US jobs report did more than beat forecasts. It reset the entire conversation around the Fed’s next move. Employers added 162,000 jobs in August, against forecasts near 55,000. That gap was too wide for markets to ignore, and traders quickly trimmed their bets on a Fed rate hold this month. Trading Week Ahead September…
The Federal Reserve did not meet last week. It did not need to. Fed Chair Kevin Warsh’s remarks at the Jackson Hole Symposium moved markets more than most rate decisions do. For months, traders had priced in rate cuts starting in spring. Warsh’s comments cut against that story. He pointed to inflation still running above…
GBP/USD closed last week at its highest level since February. That headline reads like a Pound story. It isn’t. The real driver sat in the US bond market, not in London. The Treasury’s plan to expand long-dated bond buybacks pulled yields lower and dragged the Dollar down with it. Even a more hawkish set of…
Last week, EUR/USD tested 1.1600 and failed. This week, it is testing that same level again. But the technical picture looks different this time. The pair has broken above its 200-day EMA since the last attempt. That is a real shift, not just noise. Still, the driver behind it remains unresolved. Traders are still debating…
