The Spot price experienced some downward pressure on Wednesday, primarily driven by remarks made during a press conference by China’s National Development and Reform Commission (NDRC). China's state planner highlighted that the country’s economy is...
EUR/USD Fundamental and Technical Analysis Hourly Chart: If the market price reaches 0.0520, the price may reach 0.0560. A failure above 0.0470 may trigger a retest of lower support levels, such as 0.0440. The candle formed near 0.0470 confirms a...
Fundamental and Technical Analysis of USD/CAD: H1 chart: On the hourly chart, USD/CAD is currently testing major resistance near 1.4070. This resistance was a key level as the pair had struggled to break in previous attempts. The key technical issue...
•••USD/CADecoding Today’s Intriguing Market Dynamics(December 4,2024)••• ••Introduction: The Pulse of USD/CAD The USD/CAD currency pair has been buzzing with activity, reflecting the broader interplay of economic trends and market sentiment. With...
Following a pullback, GBP/USD edges higher toward 1.2700 in the second half of the day on Wednesday as the US Dollar loses strength following the disappointing data releases. Markets eagerly await Fed Chairman Jerome Powell's speech The Relative...
