Forex News Today: Daily Trading News

USD/CAD Price Analysis: US Data Backs a Slow Fed Easing Cycle

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US job openings unexpectedly rose to 8.10 million in November. The US ISM services PMI increased to 54.1, above forecasts of 53.5. Canada’s Prime Minister Justin Trudeau announced plans to resign.  The USD/CAD price analysis shows further support for a gradual Fed easing cycle. The US released upbeat data on Tuesday, which boosted the dollar […]

USD/JPY Price Analysis: Yen Recovers as Intervention Fears Rise

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Japan’s Finance Minister, Katsunobu Kato, warned traders against selling the yen. The USD/JPY pair is quickly approaching the pivotal 160.00 level. This week, the US will release its crucial nonfarm payrolls report. The USD/JPY price analysis shows some relief for the yen amid renewed warnings against excessive declines. Japan’s top officials are becoming increasingly concerned

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