GBP/JPY’s technical environment is presently conducive to an upward rebound, as long as the support level at 191.71 remains intact. The RSI being above 50 confirms that buying pressure still exists, and even though the MACD is positive, its...
AUD-USD As of February 2, 2025, the AUD/USD currency pair is exhibiting a bearish trend. Technical indicators, including moving averages and oscillators, suggest a strong sell signal. The pair is currently trading around 0.6215. Key support is...
Tokyo’s inflation data came in higher than the previous month, with headline Consumer Price Index (CPI) inflation rising to 3.0% year-over-year from 2.6%. Core CPI, which excludes fresh food and energy, climbed to 2.4%, up from 2.2%, though slightly...
Market Fundamentals: The UK’s Office for Business Responsibility (OCR) has revised its inflation forecasts upward, projecting a rate of 2.5% for 2024, up from the previously expected 2.2%. For 2025, inflation expectations have been adjusted...
T E C H N I C A L _ A N A L Y S I S U S D / C A D Hello fellow traders. How are you today? We will critically examine the price behavior of the USD/CAD market for today. Looking at the lower timeframes, we can see that the USD/CAD hit $1.4592 on...
