Your observation about sellers testing the support zone for the third time is crucial, as multiple rejections from this area indicate its significance. Currently, USD/CHF is hovering around 0.8968, and if sellers manage to break and hold below...
The EUR/JPY H4 chart reflects the recent price action aligning with the fundamental and technical outlook you provided. The pair has been in a downward trajectory, currently testing key support levels near 155.90, which coincides with the...
The Bank of England (BoE) recently lowered its key borrowing rate by 25 basis points to 4.75%, signaling a gradual easing of monetary policy. However, Governor Andrew Bailey emphasized that interest rates would remain restrictive until inflationary...
Japan’s parliament has commenced an extraordinary session as Prime Minister Shigeru Ishiba’s minority government pushes for a supplementary budget aimed at supporting inflation-stricken households and amending political funding laws. Meanwhile, the...
The Canadian dollar shows small losses on Friday. USD/CAD is traded at 1.4196 at the European meeting, which is 0.14%. On Thursday, the Canadian dollar took advantage of the wide weakness of the dollar in the US and gained 0.45%. Canadian retail...
