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USDCAD pauses bearish correction near support areaTechnical signals are weak amid holiday-thinned liquidity conditionsAll eyes turn to the US core PCE inflation due at 12:30 GMTUSDCAD was trading with...
The Canadian dollar is slightly higher on Thursday. USD/CAD is trading at 1.3537 in the North American session, down 0.23%. Canada’s GDP rebounds with 0.6% gain Canada’s GDP bounced back...
Following SNB being the first one to cut rates, the CHF has experienced a strong decline across the board in the last week or so. This environment has contributed to the USD/CHF pair breaking a...
The EURUSD accelerated its decline on Thursday, losing for the third consecutive session and falling to a five-week low below 1.0790. The pair's downtrend has been in place since the 8th of March when...
The Australian dollar is down sharply and has fallen to a three-week low. In the European session, AUD/USD is trading at 0.6491, down 0.66%.Australia’s Retail Sales Rise 0.3%Australia’s...
The GBP/USD pair is currently consolidating, hovering around the 1.2631 mark. This consolidation phase follows recent reports highlighting a slowdown in the expansion plans of British businesses for...
Bearish: Currently we are at 1.2618 in a channel in a range. We are looking to continue to the ATR target @ 1.2560 with a further 1.618 Fibo target @ 1.2542 area. Watch the USDX for direction....
The Japanese yen has edged higher on Wednesday. In the European session, USD/JPY is trading at 151.17, down 0.26%.Yen Falls to 34-year Low, Will Tokyo Intervene?The Bank of Japan raised interest rates...
USD/JPY trades higher again, testing the October 21, 2022 highLast week's events have renewed the bullish pressure as intervention risk increasesMomentum indicators support the bullish move; all eyes...
The AUD/USD pair is declining, reaching 0.6539 on Wednesday. The Australian dollar is heading back to a three-week low following the release of softer-than-expected consumer price index (CPI) data...
The Japanese yen continues to have a quiet week. In the North American session, USD/JPY is trading at 151.36, down 0.03%.BoJ core inflation eases to 2.3%Bank of Japan core inflation fell to 2.3% in...
Note: CB Consumer Confidence this AM Bearish: Currently we are at 1.9312 out o the pennant in a range. We are looking to continue to the ATR target @ 1.9219 with a further 1.618 Fibo target @ 1.9182...
Swiss Central Bank surprised markets by cutting interest rates last week. Meanwhile, the Fed did not indicate when it may start cutting rates. Amid, these moves by the central banks, the USD/CHF pair...
The USD/JPY pair stabilised around 151.35 by Tuesday, not far from its recent peaks, as the weakness of the Japanese yen has prompted verbal interventions from Japanese authorities. Japan's Finance...
· GBP/USD finds support at uptrend line · But short-term outlook remains neutral · MACD and RSI are mixed GBP/USD rebounded off the 200-day simple moving average (SMA), which...