Stronger-than-expected Canadian labor market data has tempered expectations for near-term interest rate cuts by the Bank of Canada (BoC). Employment surged by 91,000 in December, the largest gain since January 2023, while the unemployment rate edged...
General Points about EURUSD: We observed on Friday that the German and French Flash data did not provide much benefit to EUR/USD buyers, which resulted in the market closing at the 1.0457 level. The Euro faced pressure from weak economic data,...
The EUR/JPY currency pair continues to exhibit bearish characteristics, with technical indicators reinforcing the likelihood of further downside movement. The pivot point at 156.78 acts as a critical resistance level, preventing any sustained upward...
The AUD/JPY currency pair continues to exhibit strong downside pressure, with market sentiment favoring a decline between 52 and 76 pips as the pair struggles to break above the 95.51 resistance level. As long as price remains below this...
The Federal Open Market Committee (FOMC) recently reduced its benchmark overnight borrowing rate by 25 basis points (bps) to a target range of 4.50%-4.75%, signaling a shift toward more accommodative monetary policy. Federal Reserve Chair Jerome...
