News

The primary currency pair remains in equilibrium on Monday. The current EURUSD exchange rate stands at 1.0844. The USD’s position deteriorated earlier due to the release of weaker-than-expected statistics from the US. For example, industrial production declined in February, while employment levels at manufacturing facilities fell to a seven-month low. Construction spending also dropped in […]

The Australian dollar is depreciating against the US dollar. The current AUDUSD exchange rate stands at 0.6519. The Aussie had been rising for two days but then stumbled upon some not-really-important statistics. In January, the number of building permits in Australia dropped by 1.0% m/m, following a previous decline of 10.1% and against the forecasted […]

Loonie on Watch USDCAD is pushing higher today, with the pair testing above the bear trendline and prior 2024 highs, despite the weakness in USD. Concerns over the sustainability of the current risk rally are seeing some unwinding of CAD longs. Traders are also bracing for two sets of key US and Canadian data later […]

EZ CPI Beats Forecasts The latest set of eurozone inflation data today told a familiar tale. The flash eurozone CPI estimate for February came in at (headline) 2.6% vs 2.5% expected with core also seen at 3.1%, above the 2.9% the market was looking for. As we’ve seen in the US and UK recently, a […]

Core PCE Rises The US Dollar is catching a bid ahead of the weekend following yesterday’s data. The core PCE price index was seen rising to 0.4% from the prior month’s 0.1% reading. Given that the data is used by the Fed as a key inflation gauge, the release is seen as further evidence that […]

Brent Brent quotes are above the 200-day Moving Average on H4, revealing the prevalence of an uptrend. The RSI has rebounded from the support line. In this situation, the quotes are expected to rise above 5/8 (82.81), later reaching the resistance at 6/8 (84.38). The scenario could be cancelled by a breakout of the 4/8 […]