AUD/USD Trades With Mild Negative Bias Above 0.6700, Eyes on Australian Retail Sales Data

Canada’s inflation rate expected to fall to 2.9% Fed members push back against rate cut expectations The Canadian dollar is showing little movement on Tuesday. In the European session, USD/CAD is trading at 1.3382, down 0.13%. We could see stronger movement from the Canadian dollar in the North American session, with the release of the […]

Fundamental Analysis This week we will have a few high-impact data releases from the economic calendar. Still, the focus will be on several speeches by Fed officials, with five out of eight appearances scheduled featuring hawkish members. This will drive a strong pushback against market expectations of two rate cuts this year. This hawkish stance […]

NZDUSD is under pressure following a strong rally from the 2024 lows It has met strong resistance at both the 200-day SMA and a key trendline Momentum indicators are mixed; a bearish divergence is developing After testing the 2024 low at 0.5851 and recording a sizeable rally, NZDUSD is now hovering a tad below the […]