EUR/JPY TECHNICAL ANALYSIS: On the EUR/JPY D1 time frame, the market remained largely in favor of buyers throughout the previous week. Bullish momentum has been prominent, pushing the pair to higher levels as the euro gained strength against the...
The EUR/USD currency pair has recently been caught in a consolidation phase, lingering just below the 50-day exponential moving average (EMA) around the 1.1040 level. This consolidation is indicative of a tug-of-war between bullish momentum and...
The GBP/USD pair experienced a further decline, reaching a fresh four-week low as investor hopes for a rate cut by the Federal Reserve diminished following stronger-than-expected US labor market data. Additionally, geopolitical tensions contributed...
USDCAD OUTLOOK ANALYSIS: On the USDCAD D1 time frame chart, the pair has finally managed to break free from a prolonged phase of sideways movement and uncertainty. Over the past sessions, it has steadily gained upward momentum, reaching and...
As geopolitical tensions in the Middle East escalate, the global oil market is facing a potential crisis. The recent ballistic missile attack on Israel by Iran-backed Hezbollah has heightened fears of a wider regional conflict, with Israel...
