Forex News Category

USD/CHF invigorates multi-month tops amid sustained USD buying     USD/CHF cut out of a two-day-old trading range and refreshed multi-month tops on Tuesday.  The optimistic US economic outlook, rising US bond yields continued underpinning the greenback. A positive risk tone registered on the safe-haven CHF and provided an additional boost to the pair.  The USD

Dollar Elevated, Euro Put with Massive Monthly Drop Since 2019   The Dollar was high on Monday morning, lingered around record gains the euro and yen. The Last week’s U.S. Economic data and the rapid pace of the COVID-19 Vaccination rollout program leads the traders to turn towards the Dollar. The U.S. Dollar Index slightly

USD/CAD: BoC to give an encouraging tailwind for the loonie- TDS   Statisticians at TD Securities look for the CAD to maintain a supportive tailwind after the Bank of Canada outlined steps to unwind its remarkable encouragement programs in the weeks ahead. “The Bank will discontinue all remaining liquidity-focused programs ‘in the coming weeks. Term repo

S&P 500 Prospects follow US Treasury yields to the south ahead of Powell-Yellen duet S & P 500 Futures fails to increase the prior day’s recovery moves, part ways from Wall Street gains.  Cautions sentiment ahead of key testimony West Versus China struggle heavily the mood amid a light calendar.  Early Signals recommend no challenges

Surprise Replacement of Central bank Governor Elevated Dollar   The Turkish Lira subside against the Dollar following President Tayyip Erdogan replaced the Central bank governor Naci Agbal over the weekend due to the high-interest rate. The U.S. Dollar Index Slightly Up 0.16% to 92.073 against the basket of other currencies. The USD/JPY pair was slightly