The Loonie pair has been strongly influenced by fluctuations in oil prices, with its recent strength largely tied to the performance of crude oil. However, any sustained downturn in oil prices could accelerate the downtrend for the price, pushing...
THE CURRENCY PAIR AUD-USD The AUD/USD pair failed to overcome the level of 0.6386, having received a rebound from 0.6385. Working out the bearish TF H1, it dropped to the level of 0.6351, breaking the TF M15 to the bearish, a rebound from which...
Traders have slightly increased their expectations for a rate cut by the U.S. Federal Reserve following the latest PCE inflation report. According to the CME FedWatch tool, there is now a 70% chance of a 25 basis point (bps) reduction, with a 30%...
The currency pair has been on a steady upward trajectory, consistently making higher highs and higher lows. As of the latest update, the pair is trading around 153.63, approaching the significant 154.00 level, which marks the underside of a major...
The Cable showed initial strength against the Dollar yesterday, briefly reaching a three-day high of 1.2730 in the North American session. However, the price quickly reversed course as the Dollar staged a rebound in a relatively quiet trading day,...
