Will Canadian CPI Data Offer Loonie Any Support?

USD/JPY rises for the fourth consecutive day, supported by US economic optimism. US employment data this week is crucial for Fed’s September rate decision and USD/JPY direction. Japanese economic indicators and seasonality may also influence USD/JPY’s trajectory. USD/JPY continued its advance on a thin liquidity Monday. The greenback is up around 0.57% against the JPY […]

The British pound is showing limited movement on Wednesday, after a four-day rally in which it surged 1.7% against the retreating US dollar. GBP/USD is trading at 1.3047 in the North American session at the time of writing, up 0.1% on the day. All eyes on Jerome Powell The annual meeting at Jackson Hole has […]

Gold manages to halt the pullback from its recent record high But rebound meets strong resistance at important ascending trendline Momentum indicators suggest that positive momentum is fading Gold had been in a steep uptrend since November 10, recording a fresh all-time high of 2,144 before experiencing a solid correction. Although the bulls attempted to erase this […]