Bulls eye 200-EMA breakout near 1.3770 ahead FOMC

Bulls eye 200-EMA breakout near 1.3770 ahead FOMC

The USD/CAD pair attracts some dip-buyers on Wednesday and climbs to the 1.3765-1.3770 region during the first half of the European session, back closer to its highest level since April 14, touched the previous day. The intraday move up is sponsored by a combination of supporting factors, as traders now look forward to the release […]

British Pound stays defensive vs JPY on UK politics, ahead of CPI

British Pound stays defensive vs JPY on UK politics, ahead of CPI

The GBP/JPY cross remains depressed for the second consecutive day on Wednesday, though it lacks follow-through selling and holds above the previous day’s swing low. Spot prices currently trade below the 213.00 mark, down just over 0.10% for the day, as traders opt to wait for the latest UK consumer inflation figures before placing fresh […]

Australian Dollar weakens below 0.7100 on Middle East uncertainties

Australian Dollar weakens below 0.7100 on Middle East uncertainties

The AUD/USD pair loses momentum to near 0.7095 during the early Asian trading hours on Wednesday. Geopolitical uncertainties and elevated crude oil prices weigh on the Australian Dollar (AUD) against the US Dollar (USD). Traders will closely monitor the release of the Australian April employment report, which is due on Thursday.  US President Donald Trump […]