British Pound Gains, Yen Falls as Scotland Votes Against UK Secession
The British Pound advanced while the Japanese Yen declined as Scotland voted against secession from the UK, scattering uncertainty and boosting risk appetite.
USD/CAD at Risk for Larger Downside Correction on Sticky Canada CPI
An uptick in Canada’s core rate of inflation may spur a larger decline in the USD/CAD as it raises the BoC’s scope to raise the interest rate sooner rather than later.
AUDNZD Scalps Targets Key Inflection Range - 1.1020 Critical Support
AUDNZD has filled the Sunday gap with the weekly opening range taking shape just above a major support. Here’s the setup with the updated targets & invalidation levels.
GBP Capped by Channel Resistance- CAD to Face Sticky CPI Inflation
The GBP/USD continues to hold within the downward trending channel, while the USD/CAD risks a larger correction on sticky Canada inflation.
Big Day for FX Markets - What We’re Watching
It's a big day for FX markets as Scotland referendum results loom large and central bank activity dominates headlines. Here's what we're watching.