Yesterday, the AUD/CAD pair traded within a range between the 0.90182 resistance level and the 0.89672 support. Given this range-bound movement, today's trading strategy also prioritized range-based trading. Since the price closed closer to...
European Central Bank (ECB) Vice President Luis de Guindos recently signaled a shift in economic risks, stating that concerns over high inflation have given way to fears of slowing economic growth. Meanwhile, trade tensions between the Eurozone and...
EUR/USD Analysis: Technical and Fundamental Outlook The EUR/USD currency pair shows signs of bearish momentum in the 1-hour time frame. According to technical analysis, the market price is below the 200-day simple moving average (SMA), suggesting...
USDCAD currency pair - let’s consider the D1 period chart. Monday and Tuesday were rather sluggish. We can now look a little deeper into history. The week before last, they continued to saw with a slope upwards and then large funds poured in and...
Jerome Powell's Speech Fails to Impress Currency Traders The euro and pound responded in a rather unusual way to yesterday's comments from Fed Chair Jerome Powell, who stated that the central bank sees no need to rush with interest rate adjustments....
