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Canadian GDP remains flat for a second straight month PCE Price Index eases The Canadian dollar is showing limited movement on Tuesday. In the European session, USD/CAD is trading at 1.3248, down 0.14%. Canadian banks are closed for a holiday, which means it should remain an uneventful day for the Canadian dollar. As there are

Learn about OctaFX, an internationally recognised Forex broker that has become a staple for traders in the Philippines due to its features, legal status, and security measures. Much like in the rest of the world, Forex trading has become an increasingly popular financial tool in the Philippines, and OctaFX has presented itself as one of

Skerdian Meta Lead Analyst Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank’s local branch, Aksioner. Skerdian specialized in experimenting with

The USD ended 2022 on the back foot after a strong retreat in the last few months, and it continued to remain very weak in the first few months of 2023, with expectations for the FED to stop raising interest rates and reverse the policy. However, the FED kept raising rates until the summer this

 It is prudent to monitor the prospect of a slowing economy, as concerns about corporate earnings may arise shortly. The S&P 500 index exhibited a marginal rally during Friday’s trading session as the holiday season approached. In the broader context, it’s reasonable to anticipate a continued upward trend in the market over the long term.

Silver displayed a back-and-forth trading pattern during Friday’s session, reflecting a certain degree of caution prevailing in the market as the holiday season approaches. This cautious sentiment is quite understandable, given that, to put it simply, buyers have been dominating the silver market, but a brief pullback is expected after the rapid surge in prices.

Key Highlights EUR/USD is holding gains above the 1.0980 level. A key bullish trend line is forming with support near 1.0980 on the 4-hour chart. GBP/USD is also consolidating gains near the 1.2700 level. Gold prices are accelerating higher toward the $2,080 level. EUR/USD Technical Analysis The Euro remained well-bid above the 1.0840 level against

The dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading 0.07 % lower at 101.41 on Friday. Rising for the first time this week, the rupee appreciated by 11 paise to settle at 83.16 against the US dollar on Friday amid a weak American currency and positive equity market