The Bank of England (BoE) is widely expected to deliver a 25-basis-point rate cut in its upcoming policy decision, bringing the main reference rate down to 4.75% from the current 5.0%. The Monetary Policy Committee (MPC) is anticipated to vote 7-2...
Good morning everyone! The USD/CAD pair is under pressure in the current Asian trading session and the current quote is 1.4256. The pair rebounded from the resistance area of 1.4325, but is also not confidently sold. I do not rule out the return...
Market sentiment for AUD/USD seems to favor buyers as Chairman Powell's speech and the US Consumer Price Index were not favorable for AUD/USD sellers. Therefore, it is necessary to act cautiously depending on the new market sentiment. Overall,...
Although in the trading session at the beginning of February there was a bearish attempt from the seller troops, the price dropped not so significantly because after that the price moved back up to last week's price position. In last night's trading...
USDCAD currency pair - let’s consider the D1 period chart. The first three trading days this week were rather sluggish. We can look a little deeper into history for now. Last week, the price continued its upward slope before large funds pushed the...
