Tuesday, May 17, 2022

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EDUCATION

USD/CAD climbs to 1.2820-25 area, reverses Thursday’s decline amid weaker oil prices

Weaker oil prices undermined the loonie and assisted USD/CAD to regain positive traction. The risk-off impulse drove some haven flows towards the USD and remained supportive. The fundamental backdrop favours bullish traders and supports...

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EUR/USD Price Analysis: Bears stepping in as US yields melt

EUR/USD is currently trapped between critical support and resistance. The single unit is faring better following a fall in US yields.  EUR/USD is slightly...

Gold Price Forecast: XAUUSD comes within a whisker of $2000 mark despite buoyant US yields/buck

The Gold Price remains poised to recapture $2,000, and trades around 1.0% higher on the day. Elevated inflation, recession risks and the Russia-Ukraine war...

AUD/NZD pushes higher in its bullish correction on Australian inflaiton beat

AUD/NZD jumps to test the 1.09 commitments from the bears.  Aussie CPI comes in hot and propels the Aussie forward.  AUD/NZD is pushing higher...

US 10-year Treasury yield back to flat around 1.56% ahead of speech from Fed’s Williams

US bond yields saw some downside in wake of weak US consumer sentiment numbers. But Friday’s US data supported the narrative that inflation won’t...

US CPI Preview: Forecasts from 12 major banks, another lurch forward

The US Bureau of Labor Statistics will release the March Consumer Price Index (CPI) data on Tuesday, April 8 at 12:30 GMT and as we...

WTI rises to $105.50s as supply concerns prevail

WTI move sin on the $105 area as supply concerns persist in Asian markets.  A pause in Vienna on talks to revive the Iran...

EUR/USD could surge above the 1.06 level – ING

EUR/USD is once again attempting to find some support in the upper half of the 1.05-1.06 range. Economists at ING believe that the world’s most...

AUD/USD pares intraday gains above 0.7100 on RBA Minutes, risk-off mood

AUD/USD retreats from daily top as bulls struggle to keep the bounce off one-week low. RBA Minutes reiterated readiness to be patient, cited achievement...

Wake Up Wall Street (SPY) (QQQ): ECB stuck in catch-22 after huge inflation spike

Here is what you need to know on Wednesday, February 2: And so it begins. The ECB now finds itself just as far behind the...