The currency pair showed signs of recovery during the early European session on Wednesday, climbing to near 0.5860. The weaker US Dollar (USD) offered some temporary support to the pair, as it remained in the 0.5855 region at the time of the update....
The Spot price experienced some downward pressure on Wednesday, primarily driven by remarks made during a press conference by China’s National Development and Reform Commission (NDRC). China's state planner highlighted that the country’s economy is...
XAU/USD has been showing a promising bullish trend recently, with the formation of two consecutive Japanese Hammer candlesticks on Tuesday and Wednesday, signaling potential upward movement. This price action, coupled with a solid green close on...
The Japanese Yen continues to face considerable challenges in its battle against the US Dollar (USD), struggling to mount any substantial recovery. Despite occasional fluctuations, the Yen remains under pressure, hovering close to a three-month low....
Fundamental and Technical Analysis of USD/CAD: H1 chart: On the hourly chart, USD/CAD is currently testing major resistance near 1.4070. This resistance was a key level as the pair had struggled to break in previous attempts. The key technical issue...
