USD/CAD neutral-bullish short-term – Scotiabank

Pablo Piovano FXStreet

FX Strategists at Scotiabank gave their views on the pair, expecting at the same time a potential test of the 1.2600 handle.

Key Quotes

“Bearish momentum signals have faded to neutral and DMI’s are confirming a shift in the balance of risk”.

“Both the 9 and 21 day MA’s have been broken, the latter for the first time since late December”.

“We look to near-term gains toward 1.2480 and 1.2550 and highlight the potential for a rally toward 1.2600 around levels roughly corresponding to the 50 and 100 day MA’s as well as the 38.2% Fibo retracement of the September-December rally. Nearterm support is expected at 1.2380”.

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

EUR/USD nears 1.1600 after a volatile day

EUR/USD trades near the 1.1600 mark, boosted late in the American session by news coming from the White House. US President Donald Trump announced a deal with Iran to be signed "soon" by the Middle Eastern country, hinting at probably the weekend. Trump also canceled the planned attacks for Friday.

GBP/USD recovers above 1.3400 on USD selloff

GBP/USD is back firm above 1.3400 with the Greenback giving up most of its weekly gains, following headlines coming from the United States signaling US President Donald Trump signed a proclamation in which he announced that a deal with Iran is pretty much sealed.

Gold jumps above $4,200 on war-relief headlines

Gold surged to fresh intraday highs above $4,200 late in the American afternoon, after US President Donald Trump announced he canceled strikes over Iran, adding an agreement is in its "final stages."

Crypto Today: Bitcoin, Ethereum, XRP rebound broadens despite continued US-Iran strikes

Bitcoin steadies its recovery on Thursday, edging higher toward $63,000 despite incessant capital outflows. Meanwhile, altcoins, including Ethereum and Ripple, exhibit subtle rebound signs, trading above $1,650 and $1.12, respectively.

AI Crypto Forecast: Bittensor, Near Protocol, Internet Computer rebound gains traction

Cryptocurrency prices are broadly rising on Thursday, following an overstretched downtrend. Despite sticky geopolitical tensions in the Middle East, tokens at the intersection of the blockchain technology and Artificial Intelligence (AI), including Bittensor (TAO), Near Protocol (NEAR) and Internet Computer (ICP) are testing recovery potential.

4.2% headline, 0.2% core: Why the Fed's next hike may be targeting the wrong problem

May's CPI put headline inflation at 4.2% on the year, up from 3.8% in April and the hottest reading since April 2023, while core prices rose just 0.2% on the month, undershooting the 0.3% consensus and halving April's pace.