USDCAD – 18 Sep 2024
USDCAD – 18 Sep 2024 On the daily timeframe, USDCAD is seen still well below the kumo after experiencing a significant drop, reaching a price of 1.34429 back in August. However, the pair is now showing good signs of bullish momentum, with the chart slowly moving up towards the kumo cloud. Although volatility is still […]
Canada’s Inflation Eases: CPI Hits Three-Year Low
Canada’s Inflation Eases: CPI Hits Three-Year Low Canada’s annual inflation rate returned to the central bank’s target, easing to a new three-year low in August. The country’s consumer price index (CPI) climbed 2.0% year-over-year, down from 2.5% in July, according to data released by Statistics Canada on Tuesday. Economists had expected a slight increase of […]
Gold Steadies Before Fed Rate Decision: What to Expect in the Asian Session
As the global financial markets prepare for the Federal Reserve’s rate cut decision, gold prices remain steady near the $2,570 level. Investors are focused on the implications of the Fed’s policy moves, with potential for further gold price volatility depending on the size of the rate cut. This article explores key drivers influencing the gold […]
Fed Rate Cut Anticipation Fuels XAU/USD Strength
Gold prices remain resilient around $2,570 as traders anticipate a significant interest rate cut from the Federal Reserve later this week. With U.S. economic data signaling a slowdown and global uncertainties persisting, gold is increasingly seen as a safe-haven asset. This article explores the key factors driving gold prices today, including the latest updates from […]