Indian rupee rebounds even as World Bank sees economy contracting 3.2% in FY21
Fundamental Forex Analysis

Indian rupee rebounds even as World Bank sees economy contracting 3.2% in FY21

According to the latest report published by the World Bank on Monday, India’s economy is seen contracting 3.2% in FY21, in the face of the economic and travel lockdowns imposed due to the coronavirus pandemic. ...

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Fundamental Forex Analysis

Dallas Fed Manufacturing Index rebounds to -49.2 in May

Dallas Fed Manufacturing Index recovered from record lows in May. US Dollar Index stays within a touching distance of 99.00. The economic activity in Texas’ manufacturing sector continued to decline in M...

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Fundamental Forex Analysis

NY Empire State Manufacturing Index rebounds to -48.5 in May

The headline General Business Conditions Index of the NY Fed’s Empire State Manufacturing Survey rebounded to -48.5 in May from the all-time low it set at -78.2 in April. This reading beat the market expe...

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Forex News

Rebounds around 50 pips from multi-day lows, focus remains on Powell’s speech

NZD/USD once again finds decent support near the 0.60 confluence support. The set-up warrants some caution before placing aggressive directional bets. The NZD/USD pair has managed to rebound over 50 pips from ...

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Forex News

USD/CAD rebounds above 1.3900 as WTI pulls away from nine-day highs

WTI retreats toward $17, clings to strong daily gains. US Dollar Index looks to close near 99. Canadian economy is expected to contract by 2.6% in Q1. The USD/CAD pair dropped to its lowest level since mid-Mar...

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Forex News

USD/CAD rebounds from monthly lows, lacks follow-through beyond 1.3900 mark

USD/CAD staged a modest recovery from fresh monthly lows, around mid-1.3800s. A sudden pickup in the USD demand seemed to be the only factor behind the uptick. Bullish oil prices might continue to underpin the ...

AUD/USD ????????? ?? 3-????????? ?????????? ? ?????? 0.6850
Fundamental Forex Analysis

AUD/USD corrects further from multi-week tops, slides below 0.6500 mark and rebounds

AUD/USD witnessed an intraday turnaround from seven-week tops or 100-day SMA barrier. The USD regained some traction following the release of the US initial weekly jobless claims. A mildly softer risk tone furt...

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Forex News

USD/JPY rebounds toward 107 as Wall Street turns red after US data

US Dollar Index recovers toward 100 handle in American session. CB Consumer Confidence in US dropped to 86.9 in April. Wall Street’s main indexes pared early gains and fell into the negative territory. T...

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Forex News

USD/CAD hits nine-day lows near 1.3950, as USD falls, WTI rebounds

USD/CAD erodes over 100-pips as risk recovery knocks-off USD. Oil-price rebound helps the CAD to recover ground. All eyes remain on US Consumer Confidence and API Crude Stocks data. USD/CAD is down over a b...

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Forex News

USD/CAD rebounds modestly toward 1.4070 as oil selloff continues

WTI extends declines, trades below $14 on Monday. US Dollar Index is posting modest daily losses below 100. Risk-on atmosphere helps CAD stay resilient against USD. The USD/CAD pair lost its traction at the st...