USD/CAD For the USD/CAD pair, here’s my take on the current technical and fundamental situation: Fundamental Analysis: U.S. Economic Data: I’m keeping an eye on U.S. economic indicators like GDP growth, unemployment, and inflation. If the Federal...
The US Dollar (USD) continues to strengthen, buoyed by cautious remarks from Federal Reserve Chair Jerome Powell and robust economic data from the US. Powell's recent comments have raised expectations that the Fed may not need to cut interest rates...
Have a great day everyone! I am observing the following situation on the EURUSD currency pair: the linear regression channel on the M15 chart has an upward slope, indicating that buyers are strong in the market. Buyers' activity shows an excellent...
USD/CAD USD/CAD Gains Some Support Near 1.4400 Amid US CPI BoC Policy Decision Key Analytics: The Canadian Dollar slipped 0.5% higher on Wednesday. The Bank of Canada delivered a broadly expected 25 bps rate cut. Trade war concerns continue to...
EUR/USD Technical Analysis: EUR/USD has been stuck in a narrow range today, with 1.0900 acting as solid resistance and 1.0800 holding up as support. I noticed that the pair tried to push higher but couldn’t break above 1.0880, indicating some...
