Crude Oil Price Action The discussion is currently analysing the Crude Oil price behaviour. The lower boundary of the Ichimoku cloud serves as a strong support, while the upper boundary acts as a strong resistance. When the price enters the cloud,...
Canadian retail sales data should be a top priority for looney retailers today. Expect solid expansion in consumer activity, with headline sales likely to rise 0.7% MoM in April. While this would most likely offset the first prints seen in March, we...
WTI is trading at $78.79, reflecting a notable rebound of approximately 7.4% from its recent low of $72.51. The market is now focused on whether this rebound will sustain and potentially mark the peak of the long-term bullish momentum that has been...
The GBP/USD currency pair, which reflects the value of the British Pound against the US Dollar, is currently trading at 1.2649. This exchange rate is crucial for forex traders, economists, and businesses involved in international trade between the...
The USD/CAD currency pair, currently trading around 1.3697, is experiencing a bearish trend. Despite the recent slow market movement, several factors suggest that significant changes might be on the horizon. By analyzing the macroeconomic...