Commons

USD/CAD sees more upside as BoC Macklem kept doors open for more interest rate cuts. Monthly Canadian Manufacturing Sales rose by 2.1%, faster than expectations of 1.3%. The Loonie pair remains firm, holding the Ascending Triangle breakout. The USD/CAD pair refreshes more than a four-year high aroun

EUR/GBP appreciates following the release of weaker-than-expected UK data for October. UK Gross Domestic Product contracted 0.1% MoM in October, against the expected increase of 0.1%. Germany’s seasonally adjusted Trade Balance reported a surplus of €13.4 billion for October, below the expected €16.

Here is what you need to know on Thursday, December 12: The European Central Bank (ECB) and the Swiss National Bank (SNB) will announce monetary policy decisions following the last policy meeting of the year on Thursday. In the second half of the day, weekly Initial Jobless Claims and November Produ

While the Nasdaq 100 is surging again today, the euro is in retreat ahead of tomorrow’s expected ECB rate cut, says Chris Beauchamp, Chief Market Analyst at online trading platform IG. Stocks rally following US inflation data Risk sentiment had been kept in check ahead of the inflation print today,

As far as bright-pink development techniques go in Dubai, it is currently in the midst of a huge fiery boom. This is because of the fast-hastening technological advancements as well as that sought-after dream of making Dubai a global digital hub. The competition is stiff and intense among the tech c

NZD/JPY declined by 0.69% on Tuesday, settling at 88.10 as selling pressure persists. Indicators consolidate losses, with RSI sharply declining to 39 and MACD printing flat red bars. Bearish momentum remains dominant, following a breakout from a sideways range between 90.00 and 92.00. The NZD/JPY pa

USD/CNH continued to drift lower, thanks to recent news from politburo about ramping up support and also taking cues from daily fixing guidance. Policymakers continue to manage the daily fix, setting it below 7.20 and at times, even lower, when USD was even trading stronger. USD/CNH was last at 7.25

Chinese stock indices led the gains on Monday following reports that the government will adopt a 'moderately loose' monetary policy, as opposed to the 'prudent' one previously in place. This change in tone saw the Hang Seng Index rise by almost 6%. Admittedly, it only helped bring it back to where i

Economic activity slightly improved in 1H24, averaging 2.3% y/y, owing to household consumption boosted by strong real wage growth and solid tourism revenue intake. However, due to widespread floods in early October and subsequent infrastructure damages activity likely slowed again in 4Q24. Looking