Market Fundamentals: Analysts at the Bank of Montreal (BMO) expect the Bank of England to keep interest rates unchanged at 5% in its upcoming meeting, citing various economic factors. Meanwhile, Japan's economic landscape presents mixed signals. The...
XRP/USD Market Analysis and Sentiment The XRP/USD market saw significant price action today. The market price reached an intraday high of 2.7769, followed by a correction to a low of 2.4719. The XRP/USD market price trades at 2.6104, reflecting a...
Market Fundamentals: The New Zealand Dollar (NZD) continues to struggle as the Reserve Bank of New Zealand (RBNZ) aggressively slashed its Official Cash Rate (OCR) by 125 basis points (bps) to 4.25% over three consecutive policy meetings. This...
The AUD/USD pair is currently trading around 0.6200 during the European session on Tuesday, pausing its recent recovery. The pair faces a complex mix of fundamental and technical factors that are influencing its direction. On the fundamental side,...
Market Fundamentals: The Canadian Dollar (CAD) remains under pressure amid growing bets for a larger rate cut, exacerbated by a rising domestic unemployment rate. However, a recovery in crude oil prices could help mitigate some of the CAD's losses,...
