Today’s economic calendar is quite important, especially for CAD and GBP currencies, because the market focus will remain on inflation and employment data. Canada’s CPI m/m data is expected at 0.7%, slightly lower than the previous 0.9%. This means the market is expecting inflation pressure to cool down slightly. However,
EUR/CAD continues to move lower for the third direct session trading near 1.5920 during Friday Asian session. The pair is under stress as the Euro weakens mostly due to rising risk aversion linked to ongoing tensions in the Middle East. On Thursday US President Donald Trump said the naval siege
Oil prices climbed during the Asian session after the US military announced a complete blockade of the Strait of Hormuz on Tuesday. The move tightened supply concerns and cast doubt over the next round of negotiations with Iran. As a result, US benchmark West Texas Intermediate (WTI) surged by around
The EUR/CAD pair is trading close to the 1.6200 level during Monday’s Asian session, recovering slightly from earlier losses. Despite the minor rebound, the pair remains under pressure as the Euro continues to struggle in a risk-averse market environment. Investor sentiment has turned cautious after the latest round of US–Iran
After slipping to around $4,420 during the Asian session, Gold (XAU/USD) recovered and moved back above $4,500, extending Friday’s strong rally of more than 2.5%. The US Dollar Index (DXY) eased slightly from its recent monthly high, offering some support to the metal. However, expectations that global interest rates may
The Australian Dollar (AUD) is trading slightly higher against the US Dollar (USD), hovering near the 0.6900 level during Friday’s late European session. This modest gain comes even as overall market sentiment remains cautious due to ongoing uncertainty around the Middle East situation. At the time of writing, S&P 500