The yield on the benchmark 10-year U.S. government bond has dropped to its lowest level since mid-2023, as traders now price in a nearly 100% probability of a 50-basis point rate cut by the Federal Reserve in October. This overshadowed Tuesday's...
Hello traders, welcome to a new post on the Forex blog. In this article, we will look at the short-term Elliott wave analysis of AUDUSD. We believe that the forex pair is still in a bearish correction cycle since the end of September 2024. So the...
USD/CAD Technical Analysis: Current Price Action and Outlook Our attention is on analyzing the USD/CAD currency pair, which is now in consolidation after reaching a high of 1.3836 in the past few sessions This was followed by a corrective move,...
Current analysis of EUR/USD points to a selling trend, with buyers unable to sustain control. The quotes is currently entrenched in a notable downtrend, largely influenced by the European Central Bank's recent monetary policy decisions and robust...
The euro/US dollar exchange rate continued its downward trend following the European Central Bank's (ECB) interest rate decision on Thursday. Despite the ECB's decision to reduce its deposit facility and major refinancing rates by 25 basis points,...