Japan’s Ministry of Finance reported a notable improvement in the country’s trade deficit for November, which narrowed to ¥117.6 billion from October’s ¥462.1 billion. However, this optimistic data was tempered by a 3.8% drop in Japanese imports,...
Market participants are closely watching the Swiss National Bank (SNB) ahead of its anticipated 25 basis point (bps) rate cut, driven by concerns about inflation undershooting its target and rising global market uncertainties linked to potential...
GBP/USD Analysis: Recent Price Movement and Outlook Range-Bound Movement The GBP/USD currency pair has exhibited a range-bound movement over the past two days, oscillating between 1.2290 and 1.2374. However, on Friday, the market broke above this...
Market Analysis: USD/JPY at a Critical Support Level Current Price and Market Context The USD/JPY pair is currently trading at 155.07 and is approaching a strong triple bottom level on the H1 timeframe. This level has emerged as a significant...
Forecast of USDCHF The price of the USDCHF fell for a few days on the daily time frame chart, so on Tuesday of this week the USDCHF tested the 26 EMA line. During the four trading days of this week, the USDCHF price mainly revolved around this 26...
