CAD / JPY: An Hourly Time Frame Recommendation On Friday, the price of CADJPY dropped sharply, reaching the 105.88 level. The decline was attributed to negative data from the Canadian economic department, which fueled bearish sentiment in the...
The currency pair is retracing its recent gains, trading around 0.8850 during the European session on Wednesday. After a strong performance in previous sessions, the US Dollar (USD) faces downward pressure due to subdued Treasury yields, following a...
Euro tests 1.05 as sticky inflation fuels uncertainty The euro fell slightly during early trading on Wednesday, testing the critical 1.05 level following the release of US CPI data. The consumer price index showed a month-on-month increase of 0.3%,...
EUR/USD Technical Analysis Right now, EUR/USD is hovering around 1.0560, showing some consolidation after a recent drop. I’m watching 1.0530 as a key support level—if it breaks, we could see the pair slide further toward the 1.0500 mark, which is...
EUR/USD stays under pressure and trades below 1.0500 in the American session on Wednesday. The US Dollar stays resilient against its rivals after the data showed that the annual CPI inflation edged higher to 2.7% in November, not allowing the pair...
