Market Analysis: GBP/USD Surges, USD/CAD Drops To Support

Wide post-Fed swings signal that the dollar is still looking for direction, as long-tailed Wednesday’s candle and long upper shadow forming today, support scenario of extended directionless mode. Short-lived spike below psychological 100 support (hit 14-month low in immediate reaction to Fed’s decision) was followed by rise to one-week high, which failed to sustain gains, […]

The US dollar has seen a significant increase in strength against the Euro, with the EUR/USD pair falling to 1.0770 by Monday morning. This movement is largely attributed to the recent release of robust employment sector reports in the US for January, which have shifted investor expectations regarding the Federal Reserve’s interest rate decisions. The […]

Headline CPI inflation edged higher in May to 2.9% year-on-year (y/y), above expectations for a 2.6% y/y print. The acceleration was led by services, which were up 4.6% y/y, as Canadians were paying up for travel tours (+6.9% y/y) and flights (+4.5% y/y). This continues a trend where Canadians have been increasingly willing to spend […]