Euro holds ground as Eurozone growth data offsets oil-driven CAD gains

Euro holds ground as Eurozone growth data offsets oil-driven CAD gains

EUR/CAD remains stronger for the eighth consecutive day, trading around 1.6170 during the European hours on Tuesday. The currency cross is holding its ground as the Euro (EUR) gains support from an uptick in market risk sentiment. Geopolitical tensions eased slightly after US President Donald Trump called off planned military strikes on Iran, signaling that […]

Eyes $80.00 amid US-Iran tensions, mixed technical setup

Eyes .00 amid US-Iran tensions, mixed technical setup

West Texas Intermediate (WTI) – the benchmark US Crude Oil price – builds on the previous day’s modest bounce from levels just below the mid-$77.00s and gains some follow-through positive traction during the Asian session on Tuesday. The commodity climbs to a fresh daily high in the last hour, with bulls now eyeing a move […]

New Zealand Dollar softens below 0.5900 on US-Iran talks uncertainty, stronger US PMI data

New Zealand Dollar softens below 0.5900 on US-Iran talks uncertainty, stronger US PMI data

The NZD/USD pair loses traction to near 0.5870 during the Asian trading hours on Tuesday, pressured by stronger US economic data and safe-haven flows. Traders brace for New Zealand’s employment report, which will be published later on Wednesday.  Business activity in the US manufacturing sector expanded at an accelerating pace in July, with the Institute for […]