Market Talk
– A resurgent U.S. dollar, aided by safe-haven demand on renewed worries about higher rates and a global recession after central bank chiefs signaled a resolution to bring down inflation, climbed to a new 24-year peak against the yen.… Read More
Tag: USD/CAD
Forex Trading Idea USD/CAD
Strategy
Buy 1.2850 with a stop below 1.2700 for 1.3240. Time duration is 2-3 months.
Technical View
Price has been declining since reaching a high at 1.3078 on 13 June.… Read More
FX Commentary – US Dollar Extend Decline To A Fourth Day.
Market Talk
– The U.S. dollar remained under pressure on Thursday as it looked set to extend declines against major peers to a fourth day, hurt by Treasury yields wallowing near two-week lows amid rising concerns of a recession.… Read More
FX Commentary – USD/JPY Hit Another Fresh 24-Year High
Market Talk
– The U.S. dollar was up on Wednesday morning in Asia while the yen hit a fresh 24-year low against the dollar on Wednesday.… Read More
FX Commentary – Aussie Dollar Rose After RBA Flagged More Rate Hikes.
Market Talk
– The Australian dollar rose on Tuesday morning after the central bank flagged more rate hikes were on the way, but the uptick was restrained by lower commodity prices, while the Japanese yen languished near a 24-year low in holiday thinned trades.… Read More