Weekly Analysis of USD/JPY Outlook Introduction As of yesterday, my expectation was for the USD/JPY currency pair to test the resistance level at 152.70. I had noted the potential for a pullback to the support level at 151.50 before a breakout above...
Market Fundamentals: Investors are closely monitoring upcoming US inflation data and Australian employment figures, both of which are expected to influence the Australian Dollar’s trajectory in the coming days. The market remains under selling...
Market Fundamentals: Japan’s third-quarter GDP was revised upward to 0.3% growth from the previously estimated 0.2%, while the annual expansion stood at 1.2%, exceeding the prior forecast of 0.9%. Despite this improvement, the economy experienced a...
USD/CAD Technical Analysis and Forecast Current Market Overview The USD/CAD market is in an uptrend amid a strengthening US dollar. On the H1 chart, the USD/CAD price is trading at 1.42356 and is moving towards the resistance level at 1.42500. The...
Market Fundamentals: The spot price maintains positive traction around the 0.5600 mark during Asian trading hours, supported by the People’s Bank of China’s (PBOC) decision to keep its Loan Prime Rates (LPRs) unchanged. Investors remain cautious...