Birrell

The Canadian Dollar (CAD) is little changed on the session, Scotiabank’s Chief FX Strategist Shaun Osborne notes. A potential reversal signal on the cart“Spot has slipped into a sideways consolidation range after the elevated volatility in spot at the start of the week. Those swings have perhaps dis

Gold faces a first halt for this week in its rally. Bond yields are off their lows and starting to grind higher. Gold attempted to break above $2,760 on Wednesday and was rejected. Gold’s price (XAU/USD), $2,747 at the time of writing, is seeing investors start to book some gains after a fierce thre

USD/JPY stable despite volatility after Trump announces possible 25% tariffs on neighboring countries. US Dollar Index (DXY) gains 0.29%, reaching 108.30, amid positive market sentiment. Focus on upcoming Bank of Japan meeting; potential for 25 basis point rate hike expected. The USD/JPY was virtual

The Canadian Dollar (CAD) has failed to pick up any support amid a broadly softer USD this morning. It, along with the MXN and JPY, is a relative underperformer on the session after reaching a minor, new 5-year low overnight—just under 1.45. Minor new cycle highs for the USD overnight and spot holdi

WTI Oil WTI oil price eased further in early Monday trading, after last week’s multiple upside rejections at the base of daily Ichimoku cloud ($79.00) left a weekly bull-trap, prompting traders for a partial profit-taking. All eyes are on inauguration of the US President Donald Trump and a number an

DXY consolidates its recent move up back closer to a two-year peak amid the Fed’s hawkish shift. Geopolitical risks and trade war fears further underpin demand for the safe-haven Greenback. The USD bulls turn cautious and wait for the release of the US NFP report before placing fresh bets. The US Do