Market Fundamentals: Market sentiment has shifted slightly regarding the Bank of Canada’s (BoC) monetary policy stance after stronger-than-expected labor market data. The latest figures revealed that the Canadian economy added more jobs than...
USD/JPY: Analyzing Recent Downtrend In recent days, the USD/JPY currency pair has experienced a significant downtrend, with the price approaching a critical support level at 149.28. This level has acted as a bounce point for the market in the past,...
Market Fundamentals: The Federal Reserve’s reinforced hawkish stance has driven US Treasury yields higher, with the 2-year yield climbing to 4.42% and the 10-year yield reaching 4.80%. This surge in yields continues to bolster the US dollar, keeping...
USD/CAD Analysis Good Morning guys! However, this week was not too good for the buyers of USD/CAD. However, the market will come back and cross the 1.4267 zone later. Also, the prevailing market trend strongly favors sellers, making strategic...
The hourly chart for GBP/USD from February 18 to February 21 indicates notable price action during this period. Following February 18, the market displayed a significant upward trend, as the price gradually increased. Throughout this uptrend, the...
