Windsor News & Research Blog - Forex & CFD Market Analysis

The dollar index stands at the back foot in early Friday and attacks again key support at 96.48 (200DMA / Fibo 38.2% of 95.35/97.18 upleg). Thursday’s advance after stronger than expected US inflation data lowered expectations for 0.5%…
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WTI oil price hit the highest level since 23 May and establishing above psychological $60 barrier, in today’s extension of Wednesday’s 3.2% advance. The oil price received fresh boost from significant drop in US crude inventories (EIA…
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Cable extends bounce from 1.2440 zone double-bottom, inflated by weaker dollar on dovish comments from Fed Chairman Powell. Signals that the US central bank may opt for more aggressive rate cut in policy meeting at the end of the month,…
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The dollar index fell further after starting trading on Thursday with slight gap lower after losing 0.44% on Wednesday. The greenback was hurt by dovish tone of Fed Chairman Powell’s testimony to Congress, as he pointed to global growth…
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The Canadian dollar fell after BoC kep interest rate unchanged at 1.75% as expected but soured the sentiment on negative projections for the economy in coming two years if the US increases tariffs by 25% on all imports. Canada’s economy…
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The USDTRY pair remains firm despite the price action remaining below the base of thick daily cloud, which was cracked after Monday’s opening with 15 big figures gap higher. The lira was hit after President Erdogan fired  the CBRT governor…
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WTI oil extends advance on Wednesday and cracks 100DMA resistance ($59.16), maintaining bullish tone on OPEC+ extension of output cut agreement and stronger that expected draw in US crude stockpiles (API report on Tuesday showed drop of 8.1…
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The USDCAD pair is holding within narrow range near the high of three-day recovery at 1.3141 on Wednesday and awaiting the outcome of today’s key events, Bank of Canada rate decision, Fed chair Powell’s testimony to the Congress and the…
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The Turkish lira was the top loser in Asian session as the pair opened with strong gap higher (nearly 15 figures) on Monday, on announcement that Turkish President Erdogan fired the Governor of Turkish Central Bank on Saturday…
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Cable fell to six-month low after stronger than expected US NFP data and is on track for the biggest one-day loss since 28 Mar. The pair broke through key support at 1.2505 as big NFP beat sidelined risk of 0.5% rate cut in July that…
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