The Australian dollar opened the trading session on Monday with a mild attempt at recovery, but quickly gave up its gains and continued to hover near the critical support level of 0.62. This zone has proven to be crucial and a decisive break below...
The Japanese Yen struggles to capitalize on Friday’s modest recovery gains against the US Dollar. Doubts over BoJ’s rate hike plan and elevated US bond yields weigh on the lower-yielding JPY. Traders now look to the US Consumer Confidence Index for...
AUD / CAD: An Hourly Time Frame Recommendation The price of AUDCAD is following a bullish scenario, driven by the strength and resilience of the bulls. Upward momentum reflects the power of bulls, which currently dominate market sentiment. Based on...
Analysts predict a cautious reduction in Fed rates in 2025 Analysts expect the US Federal Reserve to cut rates by 25 bps in June and September 2025, which will eventually amount to 50 bps. At the last meeting, the regulator reduced the rate by 25...
