The NZD/USD pair fell to a seven-week low, touching 0.6091, as the sell-off that began on October 1 continues to intensify. The New Zealand dollar's weakness is largely attributed to the Reserve Bank of New Zealand's (RBNZ) recent decision to cut...
The pair weakened on Tuesday, briefly dipping below 1.3060 as it faced difficulty maintaining its bullish momentum. This pullback came as US Dollar (USD) demand surged following disappointing US Purchasing Managers Index (PMI) data. The figures fell...
Welcome to all members! I hope you’re all doing well. Let’s take a closer look at the EUR/USD market movement from yesterday. It exhibited a notably bearish trend, yet it was largely dominated by buyers, suggesting the pair’s potential to resume its...
The pair surged past the 148.79 mark this week, driven by a sharp increase in US Treasury bond yields. The rise came after the release of the Federal Reserve’s preferred inflation report, which saw the US 10-year Treasury note yield climb by four...
USD/CAD ANALYSIS D1 Period Chart USDCAD currency pair. On this daily chart under consideration, it turns out by the waves that the trend has changed finally, the current growth wave has updated the previous maximum and now the trend is no longer...