US dollar remains weak, but losses are limited. Wall Street rises sharply, US yields at fresh 2-day highs. EUR/USD short-term outlook is bullish, and faces resistance at 1.0730 and 1.0750. The EUR/USD rose further during the American session and printed a fresh daily high at 1.0729. It then pulled b

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

New York (CNN Business)Russia has spent the past half-century attempting to build a reputation on the world stage as a reliable supplier of energy. It took Vladimir Putin mere months to cast serious doubt on that reputation. "I wouldn't trust them," US Energy Secretary Jennifer Granholm told CNN in

The EUR/JPY remains firm in the week, advancing 1.02%. On Thursday, BoJ Kuroda’s hawkish commentary did not weigh on the EUR/JPY. EUR/JPY Price Analysis: To fall towards 132.50 once the rising wedge break is achieved. The EUR/JPY marches firmly inside a “rising wedge” above the 50-day moving average

What you need to take care of on Friday, May 27: Australian Retail Sales are coming up in Asia. The American dollar attempted a modest recovery early on Thursday but finished the day with losses against most major rivals. Tepid US data and rallying equities helped particularly safe-haven rivals. The

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

Another relief bounce is underway in equities, but questions linger over how long it can last. Investors keep on dip buying “Another attempt at a relief rally is underway across equities, with a fairly substantial bounce across European and US markets coming in the wake of last night’s Fed minutes.

Canada retail sales for March have been released at 8:30 am ET Thursday. After the data, the loonie fell slightly against its major counterparts. The loonie was trading at 99.05 against the yen, 1.2827 against the greenback, 1.3721 against the euro and 0.9077 against the aussie around 8:32 am ET. Fo