The recent positive economic data reports in the US, including slightly increasing inflation figures, have strengthened the outlook for the US Dollar compared to the Canadian Dollar. The US Dollar has continued to exert pressure on the Canadian...
GBP/USD This week, GBP/USD closed on a bearish note, settling near 1.2550. From what I see on the daily chart, the pair remains under pressure below the 200-day SMA, which suggests the bearish momentum is still intact. There’s key support at...
The Swiss Franc (CHF) is currently facing significant challenges, driven largely by the growing expectation of another interest rate cut by the Swiss National Bank (SNB) in its December meeting. The SNB's dovish stance, aimed at supporting the...
The Australian dollar initially gained momentum following robust Australian employment figures released earlier today. However, the pair encountered resistance at 0.6430, reaffirming the prevailing bearish trend. Notably, Australian net employment...
Gold's appeal as a safe-haven asset remains robust amid ongoing global economic uncertainty. In times of instability, investors typically flock to gold, viewing it as a reliable store of value. This trend continues despite mixed signals from the...
