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...
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...
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,...
Market Fundamentals: RBA Governor Michele Bullock emphasized that "underlying inflation is still too high to be considering lowering the cash rate target in the near term." While such statements typically provide support to the currency, the AUD/USD...
Market Fundamentals: The Federal Reserve’s dot plot provides insight into the projected trajectory of the Federal Funds Rate in both the medium and long term. Market expectations suggest the Fed will implement three interest rate cuts in 2025,...
