Euro Area Consumer Sentiment Beats Forecasts

Key Highlights Gold prices rallied toward $2,150 before a downside correction. It broke a key bullish trend line with support near $2,035 on the 4-hour chart. Crude oil prices extended losses and traded below the $72.00 support. EUR/USD failed to stay above the key 1.0820 support. Gold Price Technical Analysis Gold rallied above the $2,000 […]

The Canadian dollar is showing little movement on Friday. In the European session, USD/CAD is trading at 1.3845 at the time of writing, down 0.07%. It has been a relatively quiet week for the Canadian dollar, and even an oversized 50-basis point rate cut from the Bank of Canada failed to shake up the Canadian […]

USDJPY was sharply higher (up almost 1%) after BOJ’s major shift, though the message from the central bank was seen as dovish on signals that future policy tightening will be moderate, which will keep the big rate gap between the Fed and BoJ and favor the dollar. Fresh acceleration extends recovery leg from 146.48 higher […]