USD/CAD rebounds from seven-week low, jumps back above 1.3400 amid resurgent USD demand
USD/CAD stages a solid intraday recovery amid a strong pickup in the USD demand. Rebounding US bond yields and the risk-off impulse lifts the safe-haven Greenback. Positive Crude Oil prices could underpin the Loonie and cap the upside for the major. The USD/CAD pair rebounds sharply from the 1.3320 area, or its lowest level since […]
EUR/JPY: demand for defensive assets is growing, while for the dollar is falling – Analytics & Forecasts – 12 January 2023
The focus of traders today is the publication at 13:30 (GMT) of fresh inflation data in the US. Economists expect the consumer price index to drop to 6.5% in December (from 7.1% in November) and core CPI to 5.7% (from 6.0% in November), which confirms market expectations for further lower inflation in the US. If […]
India’s gold imports plunge 79% in December on weak demand, high prices
India’s gold imports declined 79 per cent in December to 20 tonnes against 95 tonnes a year ago amid sharp rise in prices in rupee terms, weak demand and a surge in smuggling.A as result, gold imports in 2022 dropped 34 per cent to 706 tonnes from 1,068 tonnes a year ago, bullion sources said.In the first […]
Stochastic Supply and Demand Forex Trading Strategy
One of the main key questions traders have to answer when trading the forex market is where and when to take their trades. Traders may easily identify which direction to take their trades. However, many would still find themselves in a losing position even though price generally moved in the direction of their trade. On […]