General Points about GBPCAD: Coincidentally, both the Canadian and UK Retail Sales rates will be released today. Reports measuring consumer spending and economic activity in both countries play a key role in market movements. A weaker-than-expected...
USDJPY currency pair - the week is ending. Let’s consider the chart of the D1 period. The wave structure still has an ascending character of construction, because there was no update of the bottom of the previous wave. But the MACD indicator is...
Market Fundamentals: The Eurozone's Q3 Negotiated Wage Rates data showed a significant increase, rising to 5.42% from the previous quarter's downwardly revised 3.54%. As a key indicator of wage growth and consumer spending potential, this data...
February 21, 2025 The British Pound (GBP) has demonstrated notable strength against the U.S. Dollar (USD), with the GBP/USD pair trading around 1.2648. GBP/USD faces a pivot level at 1.2650 (Fibonacci 78.6% retracement of the latest uptrend). If the...
GBP/USD Fundamental Analysis: Today, GBP/USD is facing mixed sentiment as market participants digest key economic data. The UK’s latest inflation report showed a slight dip in CPI, reinforcing speculation that the Bank of England (BoE) could lean...
