Just like EUR/AUD, EUR/CAD has soared during the period since February 20. There’s a chance that the pair will follow the path of EUR/AUD after the BOC meeting.
Daily Market Analysis
Information is not investment advice
The US dollar drops to strategic lows against the Swiss franc. Will that keep going on?
USD loses its positions on the market, the pressure on it increases. What will the US Fed do?
As the market expected, the Reserve Bank of Australia has cut its interest rate from 0.75% to 0.5%. AUD/USD rallied on the news as the decision had been priced in.
Is EUR going to break the 2-year downtrend?
Turkish lira slumped recently against the USD, and there are all signs that's not the end. What stands behind that?
JPY advanced much beyond where it came to last week. Where is it aiming at?
Currency market is now in a different mood than what it was previously. JPY is on a rise now. To what extent it may gain value against the USD?
Market players are probably taking profit in gold to offset losses in other markets, so they are closing the previous buy positions in XAU/USD.
The oil cartel holds its extraordinary meeting next Thursday in Vienna. What's the urgency?
AUD/JPY is in the downtrend since the start of the year. It was capped on the upside by all the three important moving averages on the D1.
While Donald Trump continues to lead the Republicans, the Democrats have not chosen its representative yet. With around 8 months till the US election, what are the chances for any of the candidates to affect the USD?