Important Points of GBPCAD: The Canadian CPI rate will be released tomorrow, and this could present an opportunity for sellers in the GBPCAD market, depending on the outcome of the data. The CPI is a crucial inflationary indicator, and any...
NZD/USD started the trading week with losses. In the European session, the NZD/USD pair is trading at 0.5837, down 0.50% on the day. This is the New Zealand dollar's lowest level since November 2023. New Zealand services PMI stuck in contraction...
Trade with Momentum Trading with momentum refers to a strategy that seeks to capitalize on the strength of existing market trends. Momentum traders buy assets that are rising and sell assets that are falling, assuming that those trends will continue...
Important Points of GBPNZD: There are no news events related to the New Zealand Dollar on the weekly macroeconomic calendar. As a result, GBPNZD participants will rely entirely on key updates from the UK to guide their decisions. The absence of New...
Crude Oil price is trading below $68.00 on Monday, ticking up slightly following the escalation in the war between Russia and Ukraine over the weekend. Russia launched a large air strike to hit Ukraine’s power grid, while US President Joe Biden’s...
