USDCAD Analysis – Cad Slips as Fed Signals Hawkish
USD/CAD Analysis—The Canadian dollar weakened towards $1.372, moving further away from the five-week highs earlier in the month. This decline was driven by a...
May 24, 2024
Yuan Falls Near One-Month Low Due to U.S. Data
USD/CNH—The offshore yuan has edged lower to around $7.259, nearing a one-month low. This decline is influenced by strong U.S. economic indicators released overnight,...
May 24, 2024
Gold Analysis – Inflation Concerns and Fed Policy
Gold prices fell to around $2,360 per ounce on Thursday. This decline comes as investors adjust their expectations for interest rate cuts following hawkish...
May 23, 2024
EIA Data – Crude Inventories Rise Unexpectedly
WTI crude futures fell below $77 per barrel on Thursday, marking the fourth consecutive decline. This drop comes as the latest Federal Reserve minutes...
May 23, 2024
AUDUSD Analysis – Fed Hawkish Stance
The Australian dollar held around $0.662 (AUD/USD) despite experiencing a 1% drop for the week. This decline was influenced by the US dollar’s strength,...
May 23, 2024
GBPUSD Gains Ground Amid UK Inflation Eases
The British pound has surged to $1.275 (GBP/USD), marking its highest value in two months. This rebound comes after a period of volatility as...
May 23, 2024
