THE CURRENCY PAIR CAD-JPY Hello everyone! Let's look at the CADJPY chart on the H1 timeframe. Here we see that after sharp price jumps on Monday, on Tuesday the pair drew a divergence on the chart along fractal peaks in the overbought zone and then...
Fresh data from the Japan Statistics Bureau revealed that the National Consumer Price Index (CPI) surged 3.6% year-over-year (YoY), accelerating from the previous 2.9% reading. Core consumer prices, which exclude volatile food prices, rose as...
The forex market is poised for a volatile week as traders await key U.S. economic data releases, beginning with the ISM Manufacturing PMI report on Monday. However, the primary focus will be on Friday’s Nonfarm Payrolls (NFP) report, which is...
Traders are currently pricing in a 93% probability that the US central bank will reduce borrowing costs by 25 basis points during Wednesday’s meeting. However, recent signs indicate that progress in reducing inflation toward the Fed's 2% target has...
The AUD/USD pair on the H1 timeframe is currently displaying mixed signals, making it challenging to determine the short-term direction with certainty. The price is stabilizing around 0.6284 after a notable recovery from lower levels, which suggests...
