News
Important Only
Forex Today: Attention remains on US inflation, UK GDP and the jobs report in Australia
The US Dollar (USD) intensified its weakness on Wednesday, receding to two-week lows as investors continued to price in further rate cuts by the Fed, while steady jitters surrounding the Fed’s independence also weighed on sentiment.
Forex Today: US CPI data and the RBA meeting will be the salient events
The US Dollar (USD) added to Friday’s advance amid the generalised prudence among market participants ahead of the publication of the US inflation data, while a potential Trump-Putin meeting also helped with the cautious environment.
Fxstreet
Mon, Aug 11
EUR/USD: Might try to reach 1.1720 – UOB Group
The current price movements are likely part of a 1.1610/1.1670 range trading phase. In the longer run, Euro (EUR) is likely to trade with an upward bias; it is unclear for now if it can reach 1.1720, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Mon, Aug 11
Cardano Price Forecast: ADA bulls eye next leg higher as Open Interest climbs to $1.44 billion
Cardano (ADA) price trades higher above $0.82 at the time of writing on Monday after gaining nearly 11% in the previous week. Derivatives data suggest further gains as ADA’s Open Interest (OI) is rising alongside positive funding rates, suggesting bullish sentiment among traders.
Fxstreet
Mon, Aug 11
GBP/USD: Major resistance at 1.3515 is likely out of reach for now – UOB Group
Strong momentum suggests further Pound Sterling (GBP) strength; the major resistance at 1.3515 is likely out of reach for now. In the longer run, rapid increase in momentum could lead to GBP rising to 1.3515, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Fri, Aug 8
US Dollar Index price forecast: Rebounds near 98.00, eyes nine-day EMA
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is gaining ground after two days of losses and trading around 98.20 during the early European hours on Friday.Fxstreet
Fri, Aug 8
EUR/CAD Price Forecast: Retains bullish bias near 1.6000, Canadian jobs report in the spotlight
The EUR/CAD cross attracts some sellers to around 1.6000 during the early European trading hours on Friday. All eyes will be on the Canadian employment report for July, which is due later on Friday. Canada is expected to show moderate job growth and a higher Unemployment Rate in July.
Fxstreet
Fri, Aug 8
