EUR/USD softens to near 1.1750 amid extended US‑Iran ceasefire

EUR/USD softens to near 1.1750 amid extended US‑Iran ceasefire

The EUR/USD pair trades in negative territory near 1.1750 during the early Asian session on Wednesday. The ongoing conflict between the United States and Iran, as well as uncertainty surrounding the Strait of Hormuz blockade, weighs on the Euro (EUR) against the US Dollar (USD).  US President Donald Trump announced late Tuesday that he was extending a […]

Bear trend stays in control – Scotiabank

Bear trend stays in control – Scotiabank

Scotiabank strategists Shaun Osborne and Eric Theoret observes the Canadian Dollar (CAD) is modestly softer as USD stabilizes, but stresses the broader USD/CAD bear trend remains intact. Softer Canadian Consumer Price Index (CPI) gives policymakers time to assess higher energy prices, while Q1 Business Outlook Survey shows resilient inflation expectations. The Bank of Canada (BoC) […]

Gold dips as US data beats, Warsh calls for Fed “regime change”

Gold dips as US data beats, Warsh calls for Fed “regime change”

Gold (XAU/USD) trades with a negative bias on Tuesday but lacks strong directional momentum, as investors hold back from aggressive positioning amid uncertainty over whether US-Iran peace talks will resume, following renewed tensions in the Strait of Hormuz over the weekend. At the time of writing, XAU/USD is trading around $4,748, down nearly 1.50% on […]