Show:
NZD/USD Price Analysis: Pair trades higher in recovery as buyers attempt to take control
The NZD/USD climbed by 0.31% to 0.5910 in Tuesday's session, continuing its recovery as buyers gained further ground and pushed back the sellers' attempts.
Canadian Dollar extends rebound on upshot CPI print
The Canadian Dollar (CAD) caught a bid on Tuesday, rising for a second straight day against the Greenback after Canadian Consumer Price Index (CPI) inflation rose again in October.
Australian Dollar strengthens past 0.6500 mark following hawkish RBA Minutes release
The AUD/USD climbed by 0.15% to 0.6520 in Tuesday's Asian trading, driven by several factors.
Forex Today: UK inflation comes next amid doubts around extra BoE easing
The US Dollar navigated without a clear direction in a context dominated by the resurgence of Russia-Ukraine geopolitical concerns and the subsequent search for safe havens.
Dow Jones Industrial Average stumbles on Tuesday
The Dow Jones Industrial Average (DJIA) took a knee early Tuesday, backsliding to 42,850 during the early US market session after Russia lowered its threshold for nuclear weapon use after Ukraine deployed US-provided weapons within Russia's borders.
Fed's Schmid: Large fiscal deficits won't cause inflation, because Fed will raise rates
Federal Reserve (Fed) Bank of Kansas President Jeffrey Schmid struck an overall positive tone on Tuesday, stating that he believes inflation and employment are both heading toward desired levels.
Mexican Peso recovers to seven-day high despite Banxico's dovish stance
The Mexican Peso advanced against the US Dollar during the North American session on Tuesday, yet it recovered some ground after the USD/MXN hit a daily high of 20.34 due to risk aversion.
US Dollar fluctuates amid escalating tensions between Russia and Ukraine, cooling dovish Fed bets
The US Dollar Index (DXY), which measures the value of the USD against a basket of currencies, trades with mild gains around 106.20 on Tuesday, lifted by a combination of factors.
USD/CAD to reach the 1.42 in mid-term - Rabobank
USD/CAD has reached our end of year target of 1.40 and we fully expect the pair to reach the 1.42 level we highlighted for Q1, Rabobank's FX analysts Molly Schwartz and Christian Lawrence note.
EUR/JPY Price Analysis: Buyers intervene, lifting pair above 163.00, still holds losses
The EUR/JPY declined by 0.47% to 163.10 in Tuesday's session, dragged lower by the strength of the Japanese yen.
EUR/GBP Price Forecast: Extends gains past the 50-day SMA and 0.8300
The EUR/GBP extended its gains for the fourth straight day, edged up above the 50-day Simpl Moving Average (SMA), and was exchanging hands at 0.8373 at the time of writing.
GBP/USD: Trading softer on the day - Scotiabank
BoE MPC's Greene sounded cautious on the near-term outlook for policy in remarks yesterday, Scotiabank's Chief FX Strategist Shaun Osborne notes.
EUR/USD: EUR is a moderate underperformer among the majors - Scotiabank
Final Eurozone CPI for October was confirmed at 0.3% M/M and 2.0% in the year.
USD/CAD: CPI may come in slightly firmer than forecast - Scotiabank
The Canadian Dollar (CAD) had a mildly better day yesterday to advance to the low 1.40s after peaking just above 1.41.
USD mixed, havens in demand - Scotiabank
The US Dollar (USD) drifted a little lower in quiet trade to start the week yesterday but scope for significant USD losses is limited currently, not least because the rise in US term rates remains hugely USD-supportive, Scotiabank's Chief FX Strategist Shaun Osborne notes.
USD/JPY Price Forecast: Drops below 154.00 as traders flock to safety on Ukraine-Russia conflict
The Japanese Yen registered solid gains versus the US Dollar in early trading on Tuesday, exchanging hands at 153.83 at the time of writing.
USD/CAD slides below 1.4000 as Canadian inflation accelerate, US Dollar retreats
The USD/CAD pair falls sharply after the release of the hotter-than-expected Canadian Consumer Price Index (CPI) report for October.
US Housing Starts decline 3.1% in October, Building Permits fall 0.6%
Housing Starts in the US declined 3.1% in October to 1.311 million units, the monthly data published by the US Census Bureau revealed on Tuesday.
Crude Oil retraces on concerns of dislocation between supply and demand in US market
Crude Oil price slides lower on Tuesday after a key gauge on the US Crude market signaling a substantial glut taking place for the first time in nine months. The spread in price between Oil futures contracts for immediate deliveries against those a
US Dollar trades choppy as Russia-Ukraine concerns weigh on risk sentiment
The US Dollar (USD) is entering a choppy trading pattern on the back of headlines around Russian President Vladimir Putin having signed a decree that allows the use of nuclear weapons against a non-nuclear state if it is supported by nuclear powers.
Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy