Market Fundamentals: The Canadian Dollar (CAD) remains under pressure amid growing bets for a larger rate cut, exacerbated by a rising domestic unemployment rate. However, a recovery in crude oil prices could help mitigate some of the CAD's losses,...
Market Fundamentals: Recent data from the U.S. Census Bureau revealed a notable 5.9% increase in New Home Sales, reaching a seasonally adjusted annual rate of 664,000 units. Additionally, last month’s sales figures were revised upward to 627,000...
February 4, 2025 The NZD/USD pair is trading around 0.5650, reflecting a downward trend over recent sessions. On February 3, the pair reached a multi-month low of 0.5515 before recovering slightly to 0.5595. NZD/USD hovers around 0.5650 during early...
NZD/JPY on the H1 timeframe is showing a recovery after a recent downtrend, currently trading around 87.16. The price found strong support at 86.50, where it rebounded upwards, signaling a possible shift in momentum. Bollinger Bands indicate some...
Technical analysis of gold Technical analysis of gold on the 4-hour chart shows more rise after the price succeeded in breaking the weekly resistance level of 2833 as well as breaking the price channels upwards. If we follow the price movement...
