The Canadian Dollar (CAD) is set to react to official employment data, with market expectations indicating a slowdown in hiring for December. Analysts predict job additions to decline to 25K from the previous 50.5K, while the Unemployment Rate is...
The Swiss National Bank (SNB) is expected to implement another interest rate cut in March 2025, reducing the key rate to 0.25% after last week’s 50-basis-point reduction. Meanwhile, stronger-than-expected Purchasing Managers' Index (PMI) data from...
EURJPY Analysis The EUR/JPY currency pair family chart shows a strong decline in the descending channel, indicating that bearish sentiment prevails. The price is moving between two converging trend lines and forms a falling wedge pattern. This...
USDCAD Daily Time Chart Analysis The daily chart of the USDCAD currency pair shows a strong uptrend, and the current trading price on the Ichimoku Cloud shows strong momentum. The market is making higher highs and lower lows, confirming the...
The US dollar has recently recovered against the Japanese Yen, but now it meets a significant resistance around the level of 150 yen. This barrier is critical; If the dollar manages to break above this threshold, it could indicate a change at the...
