NZD/USD struggles following disappointing Chinese economic data. China’s Caixin Services PMI fell to 50.7 in April from 51.9 in March, well below the forecast of…
USD/CAD struggles to lure buyers, though a combination of factors helps limit the downside. Bearish Crude Oil prices undermine the Loonie and support spot prices…
Weak Chinese manufacturing PMIs kicked off the selling activity in Copper, but CTA selling activity into the liquidity vacuum has exacerbated the downside with algos on…
USD/CAD meets with a fresh supply on Tuesday amid sustained USD selling bias. Subdued Crude Oil prices and domestic political uncertainty might cap the CAD.…
AUD/USD has retraced its losses, but the Australian dollar remains fragile amid cross weakness and persistent US-China trade tensions. With the RBA likely to cut…
EUR/JPY softens to near 161.05 in Thursday’s early European session. Further consolidation for the cross cannot be ruled out with the neutral RSI indicator. The…
After the Australian dollar, the Norwegian krone has been the worst-performing G10 currency over the last week, ING’s FX analyst Chris Turner notes. NOK/JPY can…
Silver continues losing ground for the second straight day and drops to a one-month low. The technical setup favors bearish traders and supports prospects for…
EUR/USD stages a modest recovery from over a two-week low touched the previous day. The technical setup seems tilted in favor of bears and supports…
USD kicks off the new week on a weaker note and snaps a three-day winning streak. Bets that the Fed will resume its rate-cutting cycle…