The U.S. dollar turned in a sluggish performance on Friday, extending recent weakness, amid easing concerns about interest rate hikes, and data showing a slowdown in the pace of consumer price growth in the month of April. The Commerce Department's report showed the rate of core consumer price growt

Davos, Switzerland (CNN Business)When Ukrainian President Volodymyr Zelensky spoke by video to a packed room at the World Economic Forum in Davos, Switzerland, he thanked the West for its solidarity against Russia. But he also issued a warning to political leaders and business executives: Don't lose

USD/JPY seeks support The Japanese yen recouped some losses after a drop in February’s unemployment rate. The pair surged to August 2015’s high and the psychological level of 125.00. An overwhelmingly overbought RSI may cause a pullback if short-term buyers start to unwind their bets. As the market

Global stocks continued their recovery as investors have rushed to buy the dip. Futures tied to the Dow Jones and S&P 500 have risen by more than 0.50%. If this trend continues, it will be the first weekly gain since March. The same situation happened in Europe, where the German DAX and CAC 40 r

Notes/Observations - Risk appetite finding fresh legs as speculation swirls of a pause in the Fed’s tightening cycle in September Sentiment has shifted to the positive prospect of a slower rate path schedule due to negative economic growth forecasts. -Asia markets closed higher and Europe starts off

EUR/USD: Europe’s shared currency eked out modest gains against the US dollar Thursday, clipping a portion of Wednesday’s 0.5 per cent downside move. Technically, buyers and sellers continue to square off a touch north of the $1.0638 pandemic low (March 2020) on the daily timeframe, demonstrating sc

The U.S. dollar sank to a one-month low versus major rivals on Friday as traders lowered Federal Reserve rate hike expectations amid signs the central bank might slow or even pause its tightening cycle in the second half of the year. The dollar index (DXY), which measures the greenback against a bas

The U.S. dollar dropped against its most major rivals in the European session on Monday, as risk sentiment improved amid potential easing of lockdowns in China and on U.S. President Biden's remarks that he is likely to drop Trump-era trade tariffs on China. Biden announced that trade tariffs imposed

The Canadian dollar climbed against its major rivals in the New York session on Thursday, amid a rally in oil prices on concerns over tight supply as the U.S. summer driving season is set to begin. Crude for August delivery rose $2.22 to 113.34 per barrel. Data from the Energy Information Administra

The Canadian dollar hasn’t made any spectacular daily gains since May 13th, when it shot up 1.1%. The currency has, however, made slow but steady progress against its US cousin. Earlier today, USD/CAD touched a low of 1.2731, its lowest level in three weeks. Canada Retail Sales jump in Q1 Canada’s r

The Japanese index initially pulled back during the session on Thursday but then turned around to show signs of life. The market is currently threatening the ¥27,000 level, which happens to coincide quite nicely with a downtrend line that makes up the top of the channel that I have marked on the cha