Market Fundamentals: The Bank of Canada (BoC) has implemented a significant 50 basis point rate cut, lowering the main interest rate to 3.25%. With Canada’s unemployment rate hitting multi-year highs, the BoC has ample justification to overlook...
The GBP/USD wool structure remains somewhat ambiguous but generally clear. There is currently a high probability of long -term mining. The main question concerns the expected wave 2 within 1 that seems unconvincing. On the contrary, Wave 5 looks...
The GBP/USD pair experienced a slight decline on Thursday, reflecting a cautious market sentiment. This subdued trading environment was driven by several factors. Firstly, ongoing trade tensions escalated with the announcement of potential tariffs...
Market Fundamentals: Crude oil prices remain under pressure as concerns over slowing global demand overshadow the initial market reaction to an interest rate cut by the People’s Bank of China (PBOC). Despite efforts to stimulate economic growth,...
Good morning bismillahfx, the journey of the GbpUsd pair price this week is still in accordance with the previous market conditions with an Uptrend journey. I monitor the market is still controlled by the buyer or the same as the market situation...
