Your observation about sellers testing the support zone for the third time is crucial, as multiple rejections from this area indicate its significance. Currently, USD/CHF is hovering around 0.8968, and if sellers manage to break and hold below...
The Bank of England (BoE) recently lowered its key borrowing rate by 25 basis points to 4.75%, signaling a gradual easing of monetary policy. However, Governor Andrew Bailey emphasized that interest rates would remain restrictive until inflationary...
Deputy Governor of the People’s Bank of China (PBOC), reaffirmed the central bank’s commitment to maintaining the Yuan at a stable and balanced level. He highlighted plans to strengthen counter-cyclical policy adjustments and mitigate excessive...
The Canadian dollar shows small losses on Friday. USD/CAD is traded at 1.4196 at the European meeting, which is 0.14%. On Thursday, the Canadian dollar took advantage of the wide weakness of the dollar in the US and gained 0.45%. Canadian retail...
The price remains under pressure as the RBA's dovish policy stance continues to weigh on investor sentiment. In its latest monetary policy statement, the RBA expressed increased confidence that inflation is trending toward its 2%-3% annual target,...
