A significant release may push the Canadian dollar
The trade balance for Canada will be released on May 9, at 15:30 MT time.
Currencies
Key information updates for profitable trading
Information is not investment advice
Rate cut by the RBNZ pulled the kiwi down
During the early Asian trading hours, the Reserve bank of New Zealand surprisingly cut its interest rate from 1…
Will the kiwi be supported by the central bank?
The Reserve bank of New Zealand will publish its monetary policy statement and announce an official rate on May 8, at 5:00 MT time.
Turkish lira continues to weaken
At the moment, USD/TRY is targeting the resistance at 6.2.
Turkish lira goes down
Turkey is making its way towards another currency downtime, with the Turkish lira diving to its lowest value for almost a year after Turkey’s election authorities canceled the recent municipal election outcomes for Istanbul…
Australian dollar tacks on
On Tuesday, the Australian dollar steeply ascended after Australia’s major financial institution held rates at a record minimum, dashing speculation it might ease policy in response to a below-par outcome of inflation…
Tariff threats affect Chinese Yuan
On Monday, Donald Trump’s fresh threats to lift levies on Chinese exports sent ripples through financial markets, thus affecting risk sentiment and backing safe-haven assets…
Trading plan for May 6
Pay attention to the market sentiment today!
Evergreen buck is intact ahead of major data
On Friday, the evergreen buck stood still in Asia as financial markets wait for the upcoming non-farm payroll as well as job data for April…
Evergreen buck consolidates in Asia
On Thursday, the evergreen buck consolidated in Asia having recovered from a brief spill overnight when financial markets were puzzled by mixed messages on policy from the US major financial institution…
New Zealand dollar is affected by jobs data
On Wednesday, the New Zealand dollar headed south following dismal jobs data,which heightened expectations that interest rates would be decreased, as traders awaited the end of the Fed’s two-day policy gathering…
Evergreen buck stabilizes ahead of Fed
On Wednesday, public holidays along with the approach of the Fed’s monetary policy statement are keeping a tight lid on foreign exchange movements, with the common currency holding on to most of its profits after a firmer-than-anticipated first quarter…