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 […]