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USD/CAD Falls Toward 1.3700 As US Dollar Offers Gains Ahead Of Economic Data
Article By:
Akhtar Faruqui
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Friday, May 24, 2024 4:32 AM EDT
USD/CAD halts its winning streak ahead of Canadian Retail Sales and US Consumer Sentiment due on Friday. The US Dollar edges lower due to a downward correction in US Treasury yields.
Elliott Wave Technical Analysis: Australian Dollar/U.S.Dollar Forex
Article By:
Peter Mathers
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Friday, May 24, 2024 2:50 AM EDT
The AUDUSD Elliott Wave analysis on the day chart examines the market using Elliott Wave theory to understand the ongoing trend and forecast future movements.
Canadian Dollar Extends The Downside Below 1.3750 Ahead Of Canadian Retail Sales Data
Article By:
Lallalit Srijandorn
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Friday, May 24, 2024 12:30 AM EDT
The USD/CAD pair trades on a stronger note for the fifth consecutive day near 1.3730 on Friday during the Asian trading hours. The stronger US Dollar (USD) following the upbeat US PMI data provides some support to the pair.
Australian Dollar Extends Losses Due To Risk Aversion After Stronger US PMI
Article By:
Akhtar Faruqui
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Thursday, May 23, 2024 11:50 PM EDT
The Australian Dollar (AUD) continues its losing streak for the fourth successive session on Friday, possibly driven by risk aversion.
Stocks See Big Swings Now That Rate Hikes Have A Pulse Again
Article By:
Michael J. Kramer
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Thursday, May 23, 2024 10:50 PM EDT
Stocks moved sharply lower today after opening sharply higher. It was, as expected, a reasonably volatile day, with many surprise turns, given that Nvidia was up nearly 10%, and the S&P 500 finished lower by around 75 bps.
GBP/USD Loses Its Recovery Momentum Below 1.2700, Eyes On UK Retail Sales
Article By:
Lallalit Srijandorn
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Thursday, May 23, 2024 9:30 PM EDT
The GBP/USD pair loses its recovery momentum near 1.2695 during the early Asian session on Friday. The major pair edges lower after retracing from the recent top around 1.2760 amid renewed US Dollar (USD) demand.
EUR/USD Slips Further Back On Thursday As Rate Cut Hopes Dry Up
Article By:
Joshua Gibson
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Thursday, May 23, 2024 9:10 PM EDT
EUR/USD headed lower on Thursday, driven closer to the 1.0800 handle after an unexpected upswing in US Services Purchasing Managers Index (PMI) figures sparked renewed fears of fewer Federal Reserve (Fed) rate cuts.
AUD/USD Tumbles To Six-Day Low And Hovers Around 0.6600
Article By:
Christian Borjon Valencia
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Thursday, May 23, 2024 8:50 PM EDT
The Australian Dollar lost 0.20% against the US Dollar for the third straight day on Thursday as investors digested the latest S&P Global PMI report in the US, hinting the economy is reaccelerating.
NVDA Tops $2.5 Trillion As Traders Sell Everything Else On 'Good News'
Article By:
Tyler Durden
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Thursday, May 23, 2024 7:30 PM EDT
NVDA smashed earnings and guidance out of the park and shares exploded over 10% higher...to make the AI-darling above $2.5 trillion market cap for the first time.
Two Trades To Watch: GBP/USD, DAX Forecast - Thursday, May 23
Article By:
Fiona Cincotta
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Thursday, May 23, 2024 7:37 AM EDT
The pound is holding on to yesterday's gains following hotter-than-expected inflation, a mixed PMI report, and despite hawkish FOMC minutes.
UK Market Commentary - Thursday, May 23
Article By:
James Harte
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Thursday, May 23, 2024 7:25 AM EDT
The rally in GBPUSD has stalled into the back end of the week amidst an uptick in USD on hawkish Fed commentary and weaker-than-forecast UK data.