Technical Analysis of USD/CAD The Canadian dollar declined last trading week, reaching new local lows. The price fluctuated from 1.3616 throughout the week without any significant pullback and has now broken above 1.3793. Thus, the expected uptrend...
The spot prices remained constrained at $2,720 as the US Dollar (USD) and bond yields saw an uptick during Friday’s North American session. Investors are seeking clearer signals regarding the likelihood of a U.S. recession, while also awaiting more...
D1 period chart - USDJPY trading instrument. MACD indicator is in the upper zone and is growing above its signal line. The descending wave structure has already broken. Earlier, the descending line and the horizontal resistance level of 145.00 built...
The Euro’s trajectory for the rest of the year will be closely tied to market expectations surrounding the European Central Bank’s (ECB) interest rate decisions. The ECB is anticipated to implement one interest rate cut during its two remaining...
Middle East Conflict Increases Demand for Safe Haven The escalating confrontation between Israel and Hezbollah has largely driven the latest gold gain. Upon hearing that Hezbollah intends to intensify its military conflict with Israel, investors...