The GBP/JPY currency pair remains in a strong downtrend, with current price action suggesting a potential decline between 102 and 151 pips based on technical indicators. The pair continues to struggle below its key resistance at 189.51, reinforcing...
Gold Daily Time Chart Analysis Gold (XAU/USD) is currently trading around $2,936 after showing a slight decline from recent highs and is in a strong uptrend. Continued investor demand, inflation concerns, and geopolitical uncertainty have fueled...
USD/ CHF: The Price Action Summary Today’s main focus will be the release of the US Purchasing Managers’ Index (PMI) data. This report will provide valuable insights into the strength of the US economy, particularly in the manufacturing and...
After posting losses in the previous session, the USD/CAD pair moved little, closing Friday’s Asian session at 1.4170. The pair lost momentum as the US dollar (USD) weakened amid conflicting Fed signals and poor jobless claims data. On Friday,...
Stronger-than-expected Canadian labor market data has tempered expectations for near-term interest rate cuts by the Bank of Canada (BoC). Employment surged by 91,000 in December, the largest gain since January 2023, while the unemployment rate edged...
