ECB Accounts: No Urgency to Adjust Policy Rates Amid Ongoing Uncertainty
The European Central Bank’s (ECB) minutes from its September policy meeting, released on Thursday, suggest that policymakers see no immediate…
Category: Forex News & Market Updates
USD Consolidates as Markets Turn Focus to Bank of Canada – Scotiabank
The US Dollar (USD) is showing signs of consolidation after a strong rally earlier this week, with price action across…
EUR/USD Stuck Near Lows as Market Eyes Fed Powell’s Speech
The Euro remains under pressure, trading near the 1.1600 support level, with upside attempts consistently capped below 1.1650. At the…
CAD Holds Steady Ahead of BoC Deputy Governor Rogers’ Speech – Scotiabank
The Canadian Dollar (CAD) remains flat against the US Dollar (USD), continuing to consolidate around key technical levels, according to…
USD/JPY Could Re-Test 153.00 Before Pullback – UOB Group
FX analysts Quek Ser Leang and Peter Chia from UOB Group suggest that the USD/JPY pair may re-test the 153.00…
Silver Price Forecast: XAG/USD Surges to Long-Term Highs Near $49.00 Amid Global Uncertainty
Silver (XAG/USD) extended its rally on Wednesday, hitting a fresh long-term high near $49.00, as risk aversion continues to drive…
GBP/USD Could Dip to 1.3385 Before Rebounding – UOB
The British Pound (GBP) may fall to 1.3385 in the near term before stabilizing, though the major support level at…
Euro Weakens on Disappointing German Industrial Output – Scotiabank
The Euro (EUR) is trading defensively on Wednesday, down 0.3% against the US Dollar (USD), following a sharper-than-expected drop in…
Canadian Dollar Holds Steady, Outperforms G10 Peers Amid USD Strength – Scotiabank
The Canadian Dollar (CAD) is trading flat compared to Tuesday’s close but remains one of the stronger performers among G10…
NZD Tumbles to Six-Month Low as RBNZ Surprises with 50bps Rate Cut
The New Zealand Dollar fell sharply on Tuesday, with NZD/USD sliding 1% to a six-month low near 0.5740, after the…