AskTraders

The Canadian Dollar (CAD) is extending its recent gains and trading at fresh marginal highs, reaching levels last seen in early October, Scotiabank's Chief FX Strategist Shaun Osborne notes. CAD movements are supported by narrower spreads and higher oil prices "The CAD’s strength is fundamentally dr

Today, the foreign exchange market is awaiting the week's key data: the US inflation figures for May. Since the beginning of the pandemic, the reasoning has usually been straightforward: if inflation exceeds expectations, the Fed is expected to respond by raising interest rates, which has historical

1) UK Unemployment/Wages (Apr) – 10/06 – in an unwelcome sign for the government headline unemployment edged up to 4.5% in March, and the highest level since August 2021. The number of vacancies also saw a sharp drop of 5.3% over the quarter. The construction sector was notable for seeing the bigges

GBP/USD is firm just under key resistance at 1.3600. UK inflation expectations were anchored in May, BBH FX analysts report. 60bps of cuts still priced over 12 months "The BOE’s Decision Maker Panel (DMP) survey showed 1-year expectations dipped to 3.0% (consensus: 3.2%) vs. 3.1% in April and 3-year

Investors got their first taste of May data, but still seem happy to buy the dip, says Chris Beauchamp, Chief Market Analyst at online trading platform IG. US ISM data shakes markets, but only briefly The decline in the ISM PMI figure today might point the way to how data will turn out in the weeks

USD/CHF depreciates amid increased safe-haven demand following increasing concerns regarding slow growth and renewed inflation in the US.Trump plans to boost import tariffs from 25% to 50% to secure the US steel industry.The Swiss National Bank is widely expected to bring interest rate to zero in Ju

NZD/USD loses ground as traders adopt caution ahead of US PCE inflation data due on Friday.The US Dollar may face challenges as the federal court ruled allowing Trump's tariffs to take effect.The ANZ–Roy Morgan Consumer Confidence fell to 92.9 in May, down from 98.3 in April. NZD/USD halts its two-d

The Reserve Bank of New Zealand (RBNZ) cut the OCR by 25bps to 3.25%, aligning with market expectations. However, the tone of the meeting suggests a shift away from a dovish stance. Key highlights from the MPC include a 5-1 vote split in favour of the cut, which contrasts with the prevailing market

CTAs will buy Gold in any scenario for prices over the coming week, TDS' Senior Commodity Strategist Daniel Ghali notes. Gold positioned for breakout as algos and funds return "We expect this buying activity to kick off tomorrow, to accelerate heading into next week's NFP report, and to tally up to