The EUR/USD pair fell sharply to 1.0888, with investors speculating on the future of US interest rates and the potential implications of the upcoming presidential election, particularly as Donald Trump’s chances appear to be improving. Read more…
The Canadian dollar is calm on Friday. In the European session, USD/CAD is trading at 1.3717, up 0.08% on the day at the time of writing. We could see stronger movement in the North American Read more…
The dollar index extends recovery into second straight day, with strong bounce from new four-month low (103.31) on Thursday, being fueled by fresh risk aversion on global cyber outage, which hit financial centers, banks, airlines Read more…
Cable remains in red for the second consecutive day and extends pullback from new one-year high (1.3044). Weaker than expected UK retail sales increase pressure on sterling and add to bets for BoE rate cut Read more…
Market picture The crypto market cap fell 1% in 24 hours to $2.36 trillion, in line with the US market’s losses during that time. The pullback in traditional finances explains why Bitcoin is dragging the Read more…
Key takeaways Taxpayers with a good compliance history may qualify for the IRS First-Time Abatement program to have failure-to-file, failure-to-pay, and failure-to-deposit penalties waived. This is a one-time offer that hinges on your prior three-year Read more…
Check back for updates throughout the trading day U.S. equity futures extended declines in early Friday trading as global markets, as well as businesses spanning travel, banking, healthcare and finance, grappled with the impact of Read more…
ECB Governing Council member Gediminas Simkus shared his views with reporters today, indicating that his outlook aligns with current market expectations, which anticipate two rate cuts this year. Simkus commented, “Interest rates are getting lower Read more…
USDCAD bounces off 1.3600 and 200-day SMA Momentum oscillators suggest more gains USDCAD has been still developing within a trading range of 1.3600 and 1.3790 since April 17, with strong support at the 200-day simple Read more…
GBPJPY pulls back from its highest level since August 2008 RSI and MACD ease but remain in positive territories GBPJPY has been in a prolonged uptrend since early 2024, posting a 16-year high of 208.10 on July 11. Read more…