As expected, the Bank of Canada cut interest rates by 50 bps to 3.25%. BOC Governor Macklem delivered an increasingly hawkish speech, hinting at a potential pause in the rate-cutting cycle depending on how growth and inflation play out. USD/CAD fell...
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The yellow metal gained sharply during the Asian session on Thursday, briefly surpassing the $2,725 mark, although they fell short of the daily peak of $2,526 as traders took profits ahead of key economic data releases. At the time of writing, the...
EUR/USD From my perspective, the EUR/USD pair is trading around 1.0750, trying to recover after a recent dip. On the daily chart, it is still below the 50-day Moving Average near 1.0800, which indicates a bearish trend. The RSI is hovering around...
The EUR/USD pair fell to 1.0504 on Thursday, influenced by investor reactions to the latest US inflation data. The November US Consumer Price Index (CPI) rose 0.3% month-on-month, in line with forecasts but indicating a slight acceleration from the...
